Lot 940 Mulberry Road, Officer VIC

Officer, Melbourne, VIC, 3809

$ 939,074

Officer, Melbourne, VIC, 3809
Lot 940 Mulberry Road, Officer VIC-0
Lot 940 Mulberry Road, Officer VIC-1

Property Images

Lot 940 Mulberry Road, Officer VIC-0 Lot 940 Mulberry Road, Officer VIC-1

Overview

Property ID: LA-17320

  • Co-Living
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Cars
  • 239

Details

Updated on Aug 22, 2025 at 04:38 pm

Property Type: Co-Living
Price: $ 939,074
Land Price: $ 486,500
Build Price: $ 452,574
Gross Per Week: $ 1,500
Gross Per Annum: $ 78,000
Gross Yield: 8.31%
Capital Growth 12 Months: 1.54%
Capital Growth 10 Year Annualised: 5.58%
Vacancy Rate: 1.26%
Property Size: 239 m2
Land Area: 400 m2
Bedrooms: 5
Bathrooms: 5
Parking: 2
Title Status: Titled
Property ID: 17320
SKU: 1015

Description

Set within Banyan Place Estate in Officer VIC, this thoughtfully planned co-living property delivers private comfort and contemporary shared spaces under a single, well-considered layout. The Vantage 26 single-storey design emphasises livability with quality finishes, climate-controlled interiors, and turnkey delivery that streamlines move-in. Double-glazed openings and a complete inclusions list enhance everyday comfort and durability. Front and rear landscaping, fencing, driveway, and window furnishings are already accounted for, offering a ready-to-enjoy home for residents and a low-maintenance asset for investors.

Suburb profile:

Officer offers a balanced suburban lifestyle with access to daily essentials and green open spaces. The area supports a calm residential feel alongside practical connectivity for commuters and families. Amenity, schooling, and recreation options position the suburb for steady tenant appeal. Its evolving neighbourhood character and convenient setting make it a compelling location for a shared-living residence.


Inclusions:

  • Ducted refrigerated heating and cooling
  • Tiled flooring and carpet throughout
  • 20mm zero-silica stone benchtops throughout
  • Kitchen appliance package including dishwasher
  • LED downlights
  • Holland blinds and flyscreens
  • Coloured concrete driveway
  • Front and rear landscaping
  • Full share fencing
  • Letterbox and clothesline

Site Inclusions - Site Works, Foundations & Connections:

  • Underground power, water, and telecommunications provisions
  • Sewer and stormwater connections to existing points
  • Earthworks and site levelling
  • Concrete waffle slab and termite protection where required

Preliminary Inclusions:

  • Site survey, soil test, drafting of plans and structural engineering
  • Building permit application and homeowners warranty insurance
  • Three-month maintenance guarantee
  • BAL 12.5 bushfire compliance

Internal Inclusions:

  • Plasterboard walls and ceilings with cove cornices
  • Paint finishes with washable low-sheen to walls
  • Built-in and walk-in robes with shelving and hanging rails
  • Kitchen with stone benchtops, overhead cabinetry, stainless steel sink, 600mm appliances
  • Bathrooms with stone benchtops, ceramic basins, acrylic bath, tiled shower bases, semi-frameless screens, ceramic toilets
  • Laundry with cabinetry, trough, washing machine taps, stone benchtop
  • Ceramic tiles to wet areas, carpet to bedrooms and living zones
  • Holland blinds to windows and sliding doors

External Inclusions:

  • Natural clay bricks with rolled mortar joints
  • Acrylic render and cladding as per design
  • Concrete roof tiles with Colorbond gutters and downpipes
  • Solid-core front door, aluminium sliding doors and windows with flyscreens
  • Double garage with motorised panel-lift door and two remotes

Landscaping Inclusions:

  • Full share 1800mm fencing with front wing return
  • Garden bed preparation, seeded grass, mulch, feature plants and tree
  • Concrete pavers to paths, coloured concrete to driveway, porch and paths
  • Preformed letterbox and fold-down clothesline

Electrical Inclusions:

  • LED downlights throughout
  • Garage batten light, external floodlights
  • Double power points throughout
  • Two TV points, roof-mounted antenna, two data points
  • Hardwired smoke detectors with battery backup
  • Front doorbell

Appliance Inclusions:

  • 600mm electric oven, cooktop, canopy rangehood
  • 600mm stainless steel dishwasher

Upgraded Inclusions:

  • 20mm zero-silica stone benchtops to kitchen, bathrooms, and laundry
  • Ducted refrigerated heating and cooling with outlets
  • Turnkey finish including landscaping, fencing, driveway, letterbox, and clothesline

Furniture Pack Inclusions:

  • Furniture package available at additional cost if required. It is not included in the package price unless explicitly stated.

Energy Efficiency:

  • Seven-star energy rating
  • Wool insulation batts and double glazing
  • 170L electric-boosted heat pump hot water unit

Warranties:

  • Homeowners warranty insurance
  • Three-month maintenance guarantee

This co-living property combines private ensuited rooms with generous communal zones and a comprehensive turnkey specification, supporting strong tenant appeal and efficient management. The seven-star framework and full inclusions reduce ongoing costs while enhancing resident comfort and long-term value.

A co-living property is a type of shared accommodation that offers private bedrooms with ensuite bathrooms and communal spaces such as kitchens, living rooms, dining areas, laundry facilities and outdoor areas.

Co-living properties are designed to foster a sense of community, convenience and comfort among the residents, who can enjoy the benefits of having their own space as well as socialising with like-minded people.

A co-living property attracts tenants who are looking for an affordable, flexible and hassle-free living option that suits their lifestyle and needs.

Co-living tenants are typically young professionals, students, digital nomads, entrepreneurs, creatives and seniors who value convenience, connectivity and collaboration.

A co-living property offers benefits to an investor who is looking for a high-yield, low-risk and future-proof investment opportunity.

Co-living properties have a higher occupancy rate, lower vacancy rate and lower turnover rate than traditional rental properties, as they cater to the growing demand for affordable and flexible housing solutions in urban areas.

Co-living properties also have higher capital growth potential, as they are generally located in prime locations with access to transport, education, employment and entertainment hubs.

You can read more about Co-Living here: https://ausinvestmentproperties.com.au/blogs/co-living-the-future-of-australian-housing

Disclaimer*

All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.

Address Lot 940 Mulberry Road, Officer VIC
City Melbourne
State VIC
Postcode 3809
Suburb Officer

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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.

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