9 Nirvana Avenue Officer VIC 3809

9 Nirvana Avenue Officer VIC 3809
4 bed house | 275mยฒ build on 460mยฒ lot | Cardinia Shire | solar & fibre ready | low overlay risk The propertyโ€™s competitive strength lies in its generous 275mยฒ building footprint on a standard 460mยฒ lot, offering 60% site coverage that is uncommon for the area and provides genuine internal space advantage over newer builds. For a buyer seeking a move-in ready family home with modern amenitiesโ€”solar panels, air conditioning, dishwasher, and a remote garageโ€”this reduces immediate post-purchase capital outlay. The absence of bushfire, flood, or heritage overlays simplifies due diligence and insurance, while zoning for Bridgewood Primary School and Officer Secondary College anchors long-term demand from family buyers. This house best suits a household prioritising space and low-maintenance living over land banking. The primary risk is the May 2022 purchase price of $838,000 against current estimates of $881,000โ€“$908,000, implying modest equity gain in a flat market where a nearby 400mยฒ lot sold for $850,000 in December 2025. A buyer paying near the upper estimate faces limited short-term upside unless suburb growth of 4.5% accelerates. The opportunity is to negotiate toward the $820,000โ€“$890,000 listing guide, leveraging the 21-day market time of a comparable sale as evidence of soft demand. Hold this house as a long-term family residence; rental yield of 3.9% is adequate but not compelling for an investor.

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

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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.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

460mยฒ

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