Coogan Street, Lara VIC (5 beds)

Description

This modern co-living property offers a unique investment opportunity with five spacious bedrooms, each designed for comfort and privacy. The home features multiple bathrooms, open-plan living, and quality finishes throughout, delivering both practicality and style. With a focus on convenience and low-maintenance living, this property provides investors with a secure and appealing rental option in a growing location.

Suburb profile:

Lara is a thriving suburb within the Greater Geelong region, offering residents a perfect blend of suburban charm and modern amenities. Known for its excellent connectivity to Melbourne and Geelong, it provides an ideal location for commuters and families alike. The suburb features a wide range of schools, parks, and shopping facilities, making it attractive to a broad demographic. With continued population growth and infrastructure investment, Lara is increasingly popular among both homeowners and investors.

Inclusions:

• Engineer designed wall frames and roof trusses
• Face brickwork with rendered feature façade
• Concrete roof tiles with Colorbond fascia, guttering, and downpipes
• Aluminium windows and external doors with keyed locks
• Sectional Colorbond garage door with two remote controls

Site Inclusions - Site Works, Foundations & Connections:

• Engineer designed slab up to P classification
• Stormwater, sewer, water and underground power connections
• Termite treatment, temporary fencing, and waste management
• Allowance for rock excavation and removal

Preliminary Inclusions:

• Building permit
• Site assessment and survey
• Energy rating report (minimum 7 star)
• Bushfire compliance where applicable

Internal Inclusions:

• 2590mm high ceilings
• Carpet to bedrooms and laminate timber-look flooring to living areas
• Stone benchtops to kitchen and bathrooms
• Modern bathroom fixtures with semi-frameless shower screens
• Blockout roller blinds to all windows and external doors

External Inclusions:

• Feature aluminium windows to façade
• Programmable entry lockset with PIN keypad
• Concrete driveway and letterbox included
• Boundary fencing as per estate requirements

Landscaping Inclusions:

• Irrigated turf to front and rear
• Drought resistant planting with mulch to garden beds
• Ground-mounted folding clothesline

Electrical Inclusions:

• LED downlights throughout
• Floodlight with sensor to external doors
• Double power points throughout
• Smoke detectors hardwired with battery backup
• Provision for NBN, data and TV points

Appliance Inclusions:

• 900mm stainless steel oven, cooktop, and rangehood
• 600mm stainless steel dishwasher
• Microwave provision

Upgraded Inclusions:

• Optional upgrade to multi-head split system air conditioning for $9,500

Energy Efficiency:

• PV system to meet energy rating requirements
• 280L all-in-one electric heat pump hot water system
• Insulation to all external walls and ceilings

Warranties:

• 3-month maintenance warranty
• 10-year structural warranty

This co-living property presents investors with a strong opportunity for long-term rental demand and consistent yields, offering both functionality and value in a high-growth corridor.

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