505 Proposed St Cobblebank, VIC 3338

Cobblebank, Melton, VIC, 3338

$ 940,000

Cobblebank, Melton, VIC, 3338
505 Proposed St Cobblebank, VIC 3338-0

Property Images

505 Proposed St Cobblebank, VIC 3338-0
  • Co living
  • Property Type
  • 6
  • Bedrooms
  • 6
  • Bathrooms
  • 2
  • Cars
  • 213

Details

Updated on Jul 08, 2026

Property Type: Co living
Price: $ 940,000
Land Price: $ 385,000
Build Price: $ 555,000
Gross Per Week: $ 1560**
Gross Per Annum: $ 81,120
Gross Yield: 8.63%
Capital Growth 12 Months: 12.58%
Capital Growth 10 Year Annualised: 9.88%
Vacancy Rate: 5.57%
Property Size: 213 m2
Land Area: 359 m2
Bedrooms: 6
Bathrooms: 6
Parking: 2
Title Status: Registered
Property ID: 30954
SKU: 1045
Sold: Jul 11, 2026

Features

  • Split system air-con units to all bedrooms
  • 2,700mm high ceilings throughout
  • 20mm stone edging to stove and kitchen island benchtop
  • Electric 900mm kitchen appliances & 600mm dishwasher
  • Study bench to all bedrooms (as per plan)
  • Timber laminate flooring to entry, living and kitchen areas
  • Tiles to wet areas; carpets to bedrooms
  • Flyscreens on all openable windows
  • Coloured concrete to driveway and path
  • Landscaping, fencing, clothesline and letterbox
  • LED lights throughout the house
  • Sectional panel lift garage door with 2 remote controls
  • Fixed site costs up to P-class* (excluding rock removal & retaining walls)

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Description

Positioned within the growing suburb of Cobblebank, this Co Living offers a modern solution for comfortable living and smart investment. With 6 bedrooms, 6 bathrooms and 2 car space/s, it provides a layout that supports both functionality and lifestyle. Its design focuses on ease of living, making it attractive to a wide range of tenants and buyers. Backed by strong growth potential, it stands as a reliable and future-ready property. An ideal addition to any portfolio.

Cobblebank is an emerging suburb in Melbourne's western corridor offering modern residential estates and expanding infrastructure. The area is close to Cobblebank Village Shopping Centre, schools, and the Cobblebank train station providing convenient access to the city. Continued development and community investment are attracting families and property investors alike. With strong population growth and improving amenities, Cobblebank is becoming a desirable location for long term investment.

Offering a blend of functionality, style and growth potential, this Co Living in Cobblebank is designed to perform. Whether for investment or living, it provides lasting value in a competitive market. A property that meets both present and future needs.

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

Floor plans

floor_plan.png
Address 505 Proposed St Cobblebank, VIC 3338
City Melton
State VIC
Postcode 3338
Suburb Cobblebank
Estate Willowstone Estate

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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

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