8 Milne Walk, Officer VIC 3809

8 Milne Walk, Officer VIC 3809
2 beds, 2 baths, 1 car | townhouse in Officer | listing and profile data conflict | limited recent street sales This property presents a clear buying case for an entry-level buyer or investor seeking a low-maintenance townhouse in a growth corridor. The 2-bedroom configuration is relatively rare in Officer’s newer stock, which tends toward 3-bedroom layouts, giving this unit a sharper rental yield profile for a smaller household. The lot size of 82mยฒ is efficient, and the proximity to three government schools within 1 km strengthens its appeal to families seeking a short commute to education. The $530/week rental benchmark from a nearby comparable confirms achievable rental demand, and the 60% renter demographic in Officer supports ongoing tenant interest. The estimated value range of $570,000 to $770,000 from one source suggests upside if the property is acquired near the lower end of its asking range, though this estimate conflicts with other data and should be treated as indicative only. The primary risk is the inconsistency in property records, with one source listing 3 bedrooms and others showing 2, which could affect valuation and buyer confidence. The lack of any sales in Milne Walk over the last 12 months limits comparable evidence, making price negotiation reliant on broader Officer median data of $540,000. The 0% auction clearance rate locally signals a soft market, so a buyer should expect to negotiate firmly. The opportunity lies in the configuration edge: a 2-bedroom townhouse at this price point can attract tenants or downsizers who do not need extra space, offering a more liquid exit than larger units. Hold this property for rental income with a view to medium-term capital growth as Officer’s infrastructure matures, or use it as a first home with low ongoing costs.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Officer presents as a family-oriented suburb with a market driven by professional households seeking affordability. Demand is underpinned by strong rental growth, attracting investor interest alongside first-time buyers. Recent house price growth has been moderate, with a stable sales volume indicating consistent activity. Future prospects are tied to this sustained rental demand, though price appreciation has recently trailed broader metropolitan trends.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

82mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat