Featured Co-Living Rental Guarantee

Drift Road, Warragul VIC (Double storey)

Gippsland, VIC, 3820

$ 862,000

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

Property Images

Drift Road, Warragul VIC (Double storey)-0 Drift Road, Warragul VIC (Double storey)-1

Overview

Property ID: LA-14612

  • Co-Living
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Cars
  • 249

Details

Updated on Jun 04, 2025 at 05:00 pm

Property Type: Co-Living
Price: $ 862,000
Land Price: $ 320,000
Build Price: $ 542,000
Gross Per Week: $ 1,400
Gross Per Annum: $ 72,800
Gross Yield: 8.45%
Capital Growth 12 Months: -0.56%
Capital Growth 10 Year Annualised: 6.22%
Vacancy Rate: 1.17%
Property Size: 249 m2
Land Area: 576 m2
Bedrooms: 5
Bathrooms: 5
Parking: 2
Title Status: Titled
Property ID: 14612
SKU: 1036

Description

This is a two-storey co-living investment property offering five bedrooms and five bathrooms, designed under Class 1b rooming house standards. Located in the Lillifield Estate in Warragul, this turnkey package includes comprehensive inclusions suitable for shared accommodation.

Suburb profile :

Warragul is a growing regional town in Victoria’s Gippsland region, approximately 100 kilometres southeast of Melbourne. It is known for its scenic surroundings, thriving community, and strong transport links, making it a popular location for families, retirees, and property investors. The area features schools, shops, public transport, and healthcare services, and has seen steady growth in both population and property values.

Inclusions (provide full details of inclusions):

Site Inclusions - Site Works, Foundations & Connections:

  • Engineer site assessment and survey
  • Building permit
  • Energy rating report min 7 star
  • Bushfire compliance where applicable
  • Stormwater, sewer, water and single-phase underground power to existing infrastructure
  • Recycled water where applicable
  • NBN run in to front of home where available
  • Telephone, electricity and gas by builder
  • Connection fees by owner
  • Engineer designed slab up to P classification
  • Site fall over building area no greater than 500mm
  • Rock excavation and removal allowance included
  • Termite treatment
  • Temporary fencing
  • Site signage and waste management to meet council requirements

Internal Inclusions:

  • 2590mm ceiling heights ground floor
  • 2440mm ceiling heights first floor
  • 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
  • 67mm bevelled skirting and architraves
  • Door stops to all hinged doors
  • 10mm plaster board to walls and ceilings
  • Water resistant plaster board to wet areas
  • 75mm cove cornice throughout
  • Insulation to all external walls and ceilings
  • Walk in robe including 1 white melamine shelf and hanging rail
  • Robes including mirror sliding doors, 1 white melamine shelf and hanging rail
  • Linen including shelves and doors
  • Under stair storage including hinged door
  • Stainless steel trough and white metal cabinet
  • Mixer tapware
  • Hot and cold washing machine stops under trough
  • Carpet to bedrooms and lounge
  • Laminate timber look flooring to family living areas and kitchen
  • Water based acrylic paint to walls and ceilings
  • Gloss enamel water-based paint to doors, architraves, skirting boards and door jambs
  • Ceramic wall tiles to bathroom, ensuite, kitchen and laundry splashback
  • Ceramic floor tile to wet areas
  • Toilet suite
  • Inset vanity basin with chrome plug and waste
  • Semi framed shower screen
  • Mixer tapware to vanity basin and shower
  • Single hand shower and rail
  • Single towel rails and toilet roll holders
  • Polished edge mirror
  • Tiled shower bases
  • Acrylic bath freestanding back to wall
  • Treads and risers with carpeted finish
  • Painted balustrade and handrails

External Inclusions:

  • Face brickwork to extent shown on final drawings
  • Rolled joints with natural colour mortar
  • Acrylic rendered features to front facade
  • Rendered foam cladding to extent shown on final drawings
  • Painted infill above garage door
  • Concrete roof tiles
  • Colorbond fascia, guttering and downpipes
  • Feature aluminium windows to front facade
  • Aluminium windows and external doors to remainder
  • Keyed locks to all openable windows and doors
  • Aluminium framed flyscreens to all openable windows
  • Feature front entry door
  • Programmable entry lockset with PIN code keypad to front entry
  • Entry lockset other hinged external doors
  • Sectional Colorbond garage door with 2 remote controls
  • Plasterboard lined ceiling and walls in garage
  • Concrete slab floor
  • Hinged external access door with entry lockset
  • Flush panel hinged internal access door to garage
  • Outdoor living alfresco with plaster lined ceiling and concrete slab floor
  • Two external taps, one front and one rear

Landscaping Inclusions:

  • Coloured concrete driveway and path to front porch
  • Turf to front and rear garden
  • Lilydale or Tuscan toppings
  • Drought resistant planting to front and rear garden beds including mulch
  • Letter box
  • Ground mount folding clothesline
  • Landscaping design to be determined by builder
  • Boundary fencing in accordance with estate requirements

Electrical Inclusions:

  • White LED downlights throughout house
  • White LED downlights to entry and covered outdoor area
  • Fluorescent strip light to garage
  • Floodlight with sensor outside external doors
  • Double power points throughout house
  • Single power points to fridge and dishwasher space
  • One TV point in living room
  • Telephone and data points in kitchen and bedrooms
  • Ducted exhaust fans with timer to bathroom, ensuite, laundry, and powder
  • White wall mounted switches and GPOs
  • White smoke detectors hardwired with battery backup
  • RCD safety switch

Appliance Inclusions:

  • 900mm electric oven stainless steel
  • 900mm electric cooktop
  • 900mm stainless steel rangehood
  • Freestanding underbench stainless steel dishwasher
  • Microwave provision
  • One and three-quarter bowl stainless steel sink
  • Sink mixer tap
  • 20mm engineered stone benchtops in kitchen and vanities
  • Laminate cabinet doors, drawers, kickboards
  • Melamine modular cabinets
  • Chrome handles
  • Pantry with 4 melamine shelves and lockable sections

Upgraded Inclusions:

  • Add $11500 for upgrade to multi head split system to beds and living

Energy Efficiency:

  • PV system to meet energy rating requirements
  • Gas ducted heating to living areas and bedrooms
  • Split system air conditioning to main living area
  • Evaporative cooling to first floor
  • Heat pump with natural gas booster or electric heat pump

Warranties:

  • 3-month maintenance
  • 10-year structural warranty


This co-living investment property in Warragul offers a modern, high-yield housing solution tailored for shared accommodation. Featuring full turnkey inclusions and a titled block, it presents an attractive option for investors seeking compliant and low-maintenance rooming house opportunities.

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 (Double storey)
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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