Featured Co-Living Rental Guarantee

Drift Road, Warragul VIC (5 beds)

Gippsland, VIC, 3820

$ 776,000

Featured Co-Living Rental Guarantee
Gippsland, VIC, 3820
Drift Road, Warragul VIC (5 beds)-0
Drift Road, Warragul VIC (5 beds)-1

Property Images

Drift Road, Warragul VIC (5 beds)-0 Drift Road, Warragul VIC (5 beds)-1

Overview

Property ID: LA-13098

  • Co-Living
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Cars
  • 205

Details

Updated on Apr 30, 2025 at 10:08 am

Property Type: Co-Living
Price: $ 776,000
Land Price: $ 320,000
Build Price: $ 456,000
Gross Per Week: $ 1,400
Gross Per Annum: $ 72,800
Gross Yield: 9.38%
Capital Growth 12 Months: -0.56%
Capital Growth 10 Year Annualised: 6.22%
Vacancy Rate: 1.17%
Property Size: 205 m2
Land Area: 576 m2
Bedrooms: 5
Bathrooms: 5
Parking: 2
Title Status: Titled
Property ID: 13098
SKU: 1036

Description

This is a titled co-living property located in the Lillifield Estate, Warragul. It features a 5-bedroom, 5-bathroom, 2-car garage design known as the Lincoln 23 CL. The property is designed specifically for co-living investment with complete turnkey inclusions.

Suburb profile:

Warragul is a thriving regional town located in the West Gippsland region of Victoria. Known for its rolling green hills, Warragul offers a relaxed lifestyle with easy access to Melbourne via the Princes Freeway and V/Line train services. The area features strong local amenities, including shopping centres, schools, healthcare services, and recreational facilities, making it an attractive option for families and investors alike.


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 (excluding explosives & core drilling)
  • Termite Treatment
  • Temporary Fencing
  • Site Signage & Waste Management to meet Council Requirements

Internal Inclusions:

  • 3-month maintenance
  • 10-year structural warranty
  • Engineer designed wall frames & roof trusses
  • Face brickwork to extent shown on final drawings
  • Rolled joints with natural colour mortar
  • Acrylic rendered features to front facade (design specific)
  • Rendered lightweight cladding or painted cement sheet cladding to extent shown on final drawings
  • Painted infill above garage door (design specific)
  • Concrete roof tiles
  • Colorbond fascia, guttering and downpipes
  • Feature Aluminium Windows to front façade (design specific)
  • Aluminium Windows & External Doors to remainder
  • Keyed Locks to all openable windows and doors
  • Aluminium Framed Flyscreens to all openable windows
  • Feature Front Entry Door (design specific)
  • Programmable Entry Lockset with PIN Code keypad to front entry door
  • Entry Lockset to other hinged external doors (design specific)
  • Sectional Colorbond garage door with 2 remote controls
  • Plasterboard lined ceiling and walls in garage with cove cornice (design specific)
  • Concrete slab floor in garage
  • Hinged External Access Door with Entry Lockset (design specific)
  • Flush panel hinged internal access door to garage (design specific)
  • Plaster lined ceiling to Outdoor Living/Alfresco
  • Concrete slab floor to Outdoor Living/Alfresco
  • 2590mm high ceiling to ground floor and 2440mm high to first floor (where applicable)
  • 20mm engineered stone benchtops to kitchen, bathroom, and ensuite
  • Laminate cabinet doors, drawers & kickboards
  • Melamine modular cabinets
  • Chrome handles
  • Pantry with 4 melamine shelves (design specific) – lockable sections
  • Inset vanity basin with chrome plug & waste
  • Semi framed shower screen
  • Mixer tapware to vanity basin & shower
  • Single hand shower & rail
  • Toilet Suite
  • Single Towel Rails & Toilet Roll Holders
  • Polished Edge Mirror
  • Tiled Shower Bases
  • Acrylic Bath freestanding back-to-wall (design specific)
  • Stainless Steel trough & white metal cabinet to laundry
  • Mixer tapware and Hot & Cold washing machine stops under trough
  • Ceramic wall tiles to bathroom, ensuite and kitchen / laundry splashback
  • Ceramic floor tile to wet areas
  • Carpet to bedrooms & lounge (design specific)
  • Laminate timber look flooring to family living areas & kitchen
  • Water based acrylic paint to walls and ceilings
  • Gloss enamel water-based paint to internal doors, architraves, skirting boards and door jambs
  • 10mm plaster board to walls and ceilings
  • Water resistant plaster board to all wet areas
  • 75mm cove cornice throughout
  • Insulation to external walls and ceilings as per energy rating report
  • Flush panel 2040mm high internal doors
  • Chrome door furniture to internal doors
  • Programmable Entry Lockset with PIN Code keypad to all bedroom doors
  • Privacy Lock to bathroom, ensuite, powder (design specific)
  • 67mm bevelled skirting & architraves
  • Door stops to all hinged doors
  • Walk in robe with 1 white melamine shelf & hanging rail (design specific)
  • Robes with mirror sliding doors, 1 white melamine shelf & hanging rail (design specific)
  • Linen cupboard with shelves & doors (design specific)

External Inclusions:

  • Coloured concrete driveway & path to front porch (design specific)
  • Turf to front & rear gardens
  • Lilydale/Tuscan Toppings to areas as determined by builder
  • Drought resistant planting to front & rear gardens with mulch
  • Letter box
  • Ground mount folding clothesline
  • Boundary fencing as per estate requirements

Electrical Inclusions:

  • White LED downlights throughout house
  • White LED downlights to entry & covered outdoor areas (extent design specific)
  • 1 fluorescent strip light to garage
  • Floodlight with sensor outside external doors (design specific)
  • Double power points throughout house (extent design specific)
  • Single power points to fridge and dishwasher space
  • 1 TV point to living area (antenna not included; cable coiled in roof space)
  • Telephone/Data points to kitchen & bedrooms
  • Ducted exhaust fans with timer to bathroom, ensuite, laundry, powder (design specific)
  • White wall mounted switches & GPO’s
  • White smoke detectors hardwired with battery backup
  • RCD Safety Switch

5 beds - Optional $32,990 Furniture package includes

  • Queen Beds with Mattresses
  • Drawers, Side Tables & Lamps
  • Sofa, TV Unit, Coffee Table, Armchair
  • TV & Internet Modem
  • Dining Table & Chairs
  • Kitchen & Laundry Appliances
  • Full Cookware & Cutlery Set

Appliance Inclusions:

  • 900mm electric oven stainless steel
  • 900mm electric cooktop
  • 900mm rangehood stainless steel
  • Dishwasher freestanding underbench stainless steel
  • Microwave provision (design specific)
  • 1 & ¾ bowl stainless steel sink
  • Sink mixer tap

Upgraded Inclusions:

  • Add $9,500 for upgrade to multi-head split system air-conditioning to beds and living

Energy Efficiency:

  • Energy Rating Report minimum 7 star
  • PV system to meet energy rating requirements
  • Insulation to external walls and ceilings

Warranties:

  • 3-month maintenance
  • 10-year structural warranty


This titled co-living property in Warragul offers a turnkey investment solution with full premium inclusions designed to meet 1b Rooming House standards. It is an ideal opportunity for investors seeking a low-maintenance, high-quality rental yield asset in a growing regional area.

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.

Documents

Co-Living Appraisal letter_ Drift Road, Warragul, VIC 3820_17459715584RMc9.pdf

Rental Appraisal

view?usp=drive_link

Furniture Package

view?usp=drive_link

Rental Guarantee

Address Drift Road, Warragul VIC (5 beds)
City Gippsland
State VIC
Postcode 3820
Suburb N/A

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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.

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