Carpathian Drive, Clyde North VIC

Melbourne, VIC, 3978

$ 864,000

Melbourne, VIC, 3978
Carpathian Drive, Clyde North VIC-0
Carpathian Drive, Clyde North VIC-1

Property Images

Carpathian Drive, Clyde North VIC-0 Carpathian Drive, Clyde North VIC-1

Overview

Property ID: LA-10859

  • Co-Living
  • Property Type
  • 4
  • Bedrooms
  • 4
  • Bathrooms
  • 2
  • Cars
  • 205

Details

Updated on Feb 12, 2025 at 05:29 pm

Property Type: Co-Living
Price: $ 864,000
Land Price: $ 445,000
Build Price: $ 419,000
Gross Per Week: $ 1,120
Gross Per Annum: $ 58,240
Gross Yield: 6.74%
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: 4
Bathrooms: 4
Parking: 2
Title Status: Titled
Property ID: 10859
SKU: 1036

Description

This co-living property offers a modern and well-designed home, ideal for shared living arrangements. Located in Clyde North, the property includes four bedrooms, each with its own ensuite, ensuring privacy and convenience. With a total house area of 205.39m² on a 370m² land lot, this home provides ample space and contemporary living. The property features turnkey inclusions, high-quality finishes, and upgraded options to enhance comfort and functionality.

Suburb profile:

Clyde North is a fast-growing suburb in Melbourne’s southeast, known for its family-friendly environment, excellent schools, parks, and convenient access to major shopping centers. With ongoing development, the suburb continues to attract investors and homeowners looking for modern living and strong rental demand.


Site Inclusions - Site Works, Foundations & Connections:

  • Engineer Site Assessment & Survey
  • Building Permit
  • Energy Rating Report (min. 7 star)
  • Bushfire (BAL) Compliance (where applicable)
  • Stormwater, Sewer, Water & Single-Phase Underground Power (to existing infrastructure)
  • Recycled Water (where applicable)
  • NBN run in to front of home (where available)
  • Telephone, Electricity & Gas by Builder; Connection Fees by Owner
  • Engineer Designed Slab – Up to P Classification (no piers or suspended slab allowed)
  • Site fall over building area no greater than 500mm
  • Rock excavation & removal allowance included (explosives & core drilling not included)
  • Termite Treatment
  • Temporary Fencing
  • Site Signage & Waste Management to meet Council Requirements

Preliminary Inclusions:

  • 3-month maintenance
  • 10-year structural warranty

Internal Inclusions:

  • 2590mm high (nominal) ceiling heights ground floor
  • Painted internal walls & ceilings
  • Chrome door furniture
  • Programmable Entry Lockset with PIN Code keypad to all bedroom doors
  • Privacy Lock to bathroom, ensuite, and powder rooms (where applicable)
  • 67mm bevelled skirting & architraves
  • Door stops to all hinged doors
  • Robes including mirror sliding doors, 1 white melamine shelf & hanging rail
  • Linen including 4 melamine shelves & vinyl sliding doors

External Inclusions:

  • Face brickwork with rendered features
  • Concrete roof tiles
  • Colorbond fascia, guttering, and downpipes
  • Feature Aluminium Windows to the front facade
  • Aluminium Windows & External Doors throughout
  • Sectional Colorbond garage door with 2 remote controls
  • Garage with plasterboard-lined ceiling & walls, concrete slab floor
  • Outdoor alfresco area with plaster-lined ceiling & concrete slab floor

Landscaping Inclusions:

  • Coloured concrete driveway & path to front porch
  • Turf to front & rear garden
  • Drought-resistant planting to garden beds including mulch
  • Letterbox
  • Ground-mount folding clothesline
  • Fencing in accordance with Estate Requirements

Electrical Inclusions:

  • White LED downlights throughout house
  • White LED downlights in entry & outdoor area
  • Fluorescent strip light to garage
  • Floodlight with sensor outside external doors
  • Double power points throughout the house
  • Single power points to fridge and dishwasher space
  • 1 TV point in the living area (antenna cable pre-installed)
  • Telephone/Data points in kitchen and bedrooms
  • Ducted exhaust fans with timers in wet areas
  • Hardwired smoke detectors with battery backup
  • RCD Safety Switch

Appliance Inclusions:

  • 900mm electric oven (stainless steel)
  • 900mm electric cooktop
  • 900mm rangehood (stainless steel)
  • Freestanding under-bench dishwasher (stainless steel)
  • 1 & ¾ bowl stainless steel sink
  • Sink mixer tap

Upgraded Inclusions:

  • $14,100 upgrade to multi-head split system in bedrooms & living areas

Energy Efficiency:

  • Heat Pump with Natural Gas Booster OR Electric Heat Pump (if gas is unavailable)
  • PV Solar System to meet energy rating requirements

Warranties:

  • 3-month maintenance
  • 10-year structural warranty


This co-living property in Clyde North presents an excellent investment opportunity, offering a high-quality turnkey package with modern finishes and energy-efficient features. The home is designed for comfortable shared living and is situated in a prime location with strong rental demand.

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 Carpathian Drive, Clyde North VIC
City Melbourne
State VIC
Postcode 3978
Suburb N/A

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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.

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This property is a single-contract property suitable for an SMSF.

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