Drift Road, Warragul VIC (Double storey)

Description

This two-storey co-living investment property offers five bedrooms and five bathrooms, designed under Class 1b rooming house standards. Delivered as a turnkey package with comprehensive inclusions, it provides an ideal solution for shared accommodation and is tailored to meet investor demand for high-yield opportunities.

Suburb profile:

Warragul is a growing regional town in Victoria’s Gippsland region, located approximately 100 kilometres southeast of Melbourne. Known for its scenic surroundings and thriving community, it attracts families, retirees, and property investors. The suburb features schools, shops, public transport, and healthcare services, and has experienced steady growth in both population and property values.

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 shelf and hanging rail
• Robes including mirror sliding doors, shelf and hanging rail
• Linen including shelves and doors
• Under stair storage including hinged door
• Stainless steel trough and cabinet
• Mixer tapware
• Hot and cold washing machine stops under trough
• Carpet to bedrooms and lounge
• Laminate timber look flooring to family, living, and kitchen
• Water based acrylic paint to walls and ceilings
• Gloss enamel paint to doors, skirting boards, architraves
• Ceramic wall and floor tiles to wet areas
• Toilet suite, inset vanity basin, mixer tapware
• Semi framed shower screen, tiled shower base
• Polished edge mirrors
• Acrylic freestanding bath back to wall
• Stair treads and risers with carpeted finish
• Painted balustrade and handrails

External Inclusions:

• Face brickwork with natural colour mortar
• Acrylic rendered features to facade
• Rendered foam cladding
• Concrete roof tiles
• Colorbond fascia, guttering and downpipes
• Aluminium windows and doors
• Keyed locks and flyscreens to openable windows
• Feature front entry door with programmable entry lockset
• Sectional Colorbond garage door with remotes
• Garage plasterboard ceiling/walls and concrete floor
• Outdoor living alfresco with plaster ceiling and slab floor
• Two external taps (front and rear)

Landscaping Inclusions:

• Coloured concrete driveway and path
• Turf to front and rear garden
• Drought resistant planting with mulch
• Lilydale or Tuscan toppings
• Letterbox
• Ground mount folding clothesline
• Boundary fencing as per estate requirements

Electrical Inclusions:

• White LED downlights throughout house and alfresco
• Fluorescent strip light to garage
• Floodlight with sensor outside doors
• Double and single power points throughout
• TV point in living room
• Telephone and data points in kitchen and bedrooms
• Ducted exhaust fans to wet areas
• White wall switches and GPOs
• Hardwired smoke detectors with battery backup
• RCD safety switch

Appliance Inclusions:

• 900mm electric oven and cooktop
• 900mm stainless steel rangehood
• Freestanding underbench stainless steel dishwasher
• Microwave provision
• One and three-quarter bowl stainless steel sink with mixer
• 20mm engineered stone benchtops to kitchen and vanities
• Laminate cabinetry with chrome handles
• Pantry with shelves and lockable sections

Upgraded Inclusions:

• Add $11,500 for upgrade to multi-head split system to bedrooms and living

Energy Efficiency:

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

Warranties:

• 3-month maintenance
• 10-year structural warranty

This co-living property is an attractive investment opportunity, delivering strong rental appeal and long-term growth potential for investors seeking compliant and low-maintenance rooming house solutions.

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