Overview
Property ID: LA-9735
- Co-Living
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Dec 17, 2024 at 05:35 pm
Property Type: | Co-Living |
---|---|
Price: | $ 870,000 |
Land Price: | $ 445,000 |
Build Price: | $ 425,000 |
Gross Per Week: | $ 1,400 |
Gross Per Annum: | $ 72,800 |
Gross Yield: | 8.37% |
Capital Growth 12 Months: | 0.70% |
Capital Growth 10 Year Annualised: | 5.05% |
Vacancy Rate: | 2.45% |
Property Size: | 205 m2 |
Land Area: | 370 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 9735 |
SKU: | 1036 |
Description
This Co-Living home is a modern investment opportunity located in Clyde North's Saffron Estate. The property offers five bedrooms and five bathrooms, perfect for multi-tenant living. The house includes a garage for two vehicles and a functional floor plan optimized for rental returns. With a titled land and turnkey options, this investment is ready for immediate construction or occupation.
Suburb Profile:
Clyde North is located in Melbourne's South East Growth Corridor, offering a mix of residential estates, infrastructure developments, and green spaces. It is close to amenities such as shopping centres, schools, and public transport, making it a sought-after suburb for families and investors. The suburb has experienced significant growth due to its affordability and proximity to Melbourne's CBD, around 46km away.
Site Inclusions - Site Works, Foundations & Connections:
- Engineer designed slab
- Stormwater, sewer, water connections
- NBN run-in
- Temporary fencing
- Termite treatment
Preliminary Inclusions:
- Soil test
- Survey
- Energy rating report (7-star minimum)
- Bushfire compliance
Internal Inclusions:
- Laminate cabinetry
- Engineered stone benchtops
- Carpet and laminate timber-look flooring
- Semi-framed shower screens
- Inset vanity basins
- Polished edge mirrors
- Privacy locks and programmable PIN code locksets to all bedroom doors
External Inclusions:
- Face brickwork
- Colorbond roof tiles
- Rendered lightweight cladding to the front facade
- Aluminium windows
- Sectional Colorbond garage door with remote controls
Landscaping Inclusions:
- Concrete driveway
- Front and rear turf
- Garden beds with drought-resistant plants and mulch
- Letterbox
- Folding clothesline
Electrical Inclusions:
- White LED downlights
- Floodlight with sensor
- TV point
- Smoke detectors
- Ducted exhaust fans in wet areas
Appliance Inclusions:
- 900mm electric oven
- 900mm cooktop
- 900mm rangehood
- Dishwasher
- Stainless steel sink
- Mixer tap
Upgraded Inclusions:
- Add $14,100 for a multi-head split system to bedrooms and living
Energy Efficiency:
- PV system to meet energy rating requirements
- Insulation as defined in the energy report
- Heat pump hot water system
Warranties:
- 3-month maintenance period and a 10-year structural warranty.
This turnkey Co-Living investment in Clyde North offers exceptional potential for rental income with five bedrooms, five bathrooms, and modern inclusions. Located in a rapidly growing region, it provides long-term capital growth opportunities for investors.
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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Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.
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.