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Lot 124 - Penrose Place - Officer
Officer, Melbourne, VIC, 3809$ 661,100
- House and Land
- Property Type
- 3
- Bedrooms
- 2
- Bathrooms
- 1
- Cars
- 120
Details
Updated on Jun 26, 2026
| Property Type: | House and Land |
|---|---|
| Price: | $ 661,100 |
| Land Price: | $ 335,000 |
| Build Price: | $ 326,100 |
| Gross Per Week: | $ 550 |
| Gross Per Annum: | $ 28,600 |
| Gross Yield: | 4.33% |
| Capital Growth 12 Months: | -1.72% |
| Capital Growth 10 Year Annualised: | 12.84% |
| Vacancy Rate: | 1.47% |
| Property Size: | 120 m2 |
| Land Area: | 179 m2 |
|---|---|
| Bedrooms: | 3 |
| Bathrooms: | 2 |
| Parking: | 1 |
| Title Status: | N/A |
| Property ID: | 29566 |
| SKU: | 1001 |
| Sold: |
Forecasted value over 20 Years
Forecasted value is based on the 10 Year annualised growth.
Description
*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us.*
Officer, VIC is a rapidly growing suburb in Melbourne’s southeast, located about 50 km from the CBD. Known for its modern housing estates, family-friendly environment, and strong infrastructure growth, it is a popular choice for families, first-home buyers, and commuters.
The suburb offers excellent amenities, including parks, playgrounds, sporting facilities, schools, and shopping centres. Residents have convenient access to Arena Shopping Centre and nearby retail hubs in Pakenham.
Education is a major drawcard, with several schools including Officer Primary School, Officer Secondary College, and a range of private and independent schools, along with numerous childcare centres.
Transport is a key advantage, with Officer Railway Station providing regular train services to Melbourne. The Princes Freeway also offers convenient road access for commuters.
Overall, Officer offers a modern and family-friendly lifestyle with strong amenities, excellent schools, and good transport links, making it one of Melbourne’s fastest-growing outer suburbs.
Address
Open on Google Maps
Address
Lot 124 - Penrose Place - Officer
City
Melbourne
State
VIC
Postcode
3809
Suburb
Officer
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Investment property news
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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.
SMSF Single Contract
