
Overview
Property ID: LA-10902
- Co-Living
- Property Type
- 4
- Bedrooms
- 4
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Feb 13, 2025 at 04:02 pm
Property Type: | Co-Living |
---|---|
Price: | $ 782,000 |
Land Price: | $ 364,000 |
Build Price: | $ 418,000 |
Gross Per Week: | $ 1,040 |
Gross Per Annum: | $ 54,080 |
Gross Yield: | 6.92% |
Capital Growth 12 Months: | 7.94% |
Capital Growth 10 Year Annualised: | 4.81% |
Vacancy Rate: | 13.43% |
Property Size: | 205 m2 |
Land Area: | 393 m2 |
---|---|
Bedrooms: | 4 |
Bathrooms: | 4 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 10902 |
SKU: | 1036 |
Description
This co-living property is a modern investment opportunity featuring four bedrooms, four bathrooms, and a two-car garage. Located in Mandalay Estate, Beveridge, the property is designed for shared living, offering a turnkey solution for investors. The home has a total house area of 205.39m² on a 393m² lot. The property comes with full inclusions and an optional upgrade for a multi-head split system air conditioning unit.
Suburb profile:
Beveridge is a rapidly growing suburb in Melbourne’s northern corridor, offering a blend of urban convenience and natural surroundings. The suburb is known for its family-friendly community, access to quality schools, and upcoming infrastructure developments. With easy access to the Hume Freeway, Beveridge provides connectivity to Melbourne’s CBD and other key locations.
Site Inclusions - Site Works, Foundations & Connections:
- Engineer site assessment & survey
- Building permit
- Energy rating report (minimum 7-star)
- Bushfire compliance (if applicable)
- Stormwater, sewer, water, and single-phase underground power connections
- Recycled water where applicable
- NBN run-in to the front of the home (where available)
- Termite treatment
- Temporary fencing and site signage
Preliminary Inclusions:
- Engineer-designed slab (up to P classification)
- Site fall over building area no greater than 500mm
- Rock excavation & removal allowance included (excluding explosives and core drilling)
Internal Inclusions:
- 2590mm ceiling heights (ground floor)
- 2440mm ceiling heights (first floor for double-storey)
- Carpet to bedrooms & lounge
- Laminate timber-look flooring to family living areas & kitchen
- Water-based acrylic paint to all walls & ceilings
- Gloss enamel water-based paint to internal doors, architraves, skirting boards, and door jambs
- Plasterboard to walls & ceilings
- Water-resistant plasterboard to wet areas
- Insulation to external walls & ceilings as defined in home-specific energy rating reports
External Inclusions:
- Face brickwork with rolled joints and natural colour mortar
- Acrylic rendered features to the front facade (design specific)
- Rendered lightweight or painted cement sheet cladding (as per final drawings)
- Colorbond fascia, guttering, and downpipes
- Concrete roof tiles
- Aluminium windows and external doors with keyed locks
- Feature front entry door (design specific)
- Programmable entry lockset with PIN code keypad
Landscaping Inclusions:
- Coloured concrete driveway & path to the front porch (design specific)
- Turf to front & rear garden
- Drought-resistant planting to front & rear garden beds
- Lilydale/Tuscan Toppings
- Letterbox
- Ground mount folding clothesline
Electrical Inclusions:
- White LED downlights throughout
- White LED downlights in entry & covered outdoor area
- 1 fluorescent strip light to the garage
- Floodlight with a sensor outside external doors (design specific)
- Double power points throughout
- Single power points for fridge & dishwasher space
- 1 TV point (living)
- Telephone/data points in kitchen & bedrooms
- White wall-mounted switches & GPOs
- Smoke detectors hardwired with battery backup
- RCD safety switch
Appliance Inclusions:
- 900mm electric oven
- 900mm electric cooktop
- 900mm stainless steel rangehood
- Freestanding underbench dishwasher
- 1 & ¾ bowl stainless steel sink
- Sink mixer tap
- Microwave provision (design specific)
Upgraded Inclusions:
- Optional upgrade available for a multi-head split system air conditioning unit in bedrooms & living area for an additional $14,100
Energy Efficiency:
- Minimum 7-star energy rating
- PV system to meet energy rating requirements
- Heat pump hot water system with natural gas booster or electric heat pump (if gas is unavailable)
Warranties:
- Three-month maintenance period
- 10-year structural warranty
This co-living property in Beveridge presents an excellent investment opportunity with a modern design, high-end inclusions, and a fully turnkey offering. Its strategic location within Mandalay Estate and the suburb’s growth potential make it an attractive choice for investors seeking long-term rental income and capital appreciation.
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.
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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.