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Overview
Property ID: LA-11534
- Co-Living
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Mar 07, 2025 at 05:49 pm
Property Type: | Co-Living |
---|---|
Price: | $ 878,900 |
Land Price: | $ 437,900 |
Build Price: | $ 441,000 |
Gross Per Week: | $ 1,350 |
Gross Per Annum: | $ 70,200 |
Gross Yield: | 7.99% |
Capital Growth 12 Months: | -1.19% |
Capital Growth 10 Year Annualised: | 5.99% |
Vacancy Rate: | 0.78% |
Property Size: | 205 m2 |
Land Area: | 532 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 11534 |
SKU: | 1036 |
Description
This is a co-living property located in Redstone Estate, Sunbury, Victoria. The Lincoln 23 CL design offers a spacious and functional layout ideal for shared living. The property features five bedrooms, five bathrooms, and a double garage, providing comfortable accommodation for multiple occupants. Designed for investment purposes, this co-living home includes high-end inclusions and turnkey finishes.
Suburb profile:
Sunbury is a rapidly growing suburb located approximately 40km northwest of Melbourne’s CBD. Known for its blend of urban convenience and natural beauty, Sunbury offers a range of amenities including shopping centres, schools, public transport, and recreational facilities. With ongoing infrastructure development and strong demand for housing, Sunbury is a desirable location for investors and residents alike.
Site Inclusions:
- Engineer Site Assessment & Survey
- Building Permit
- Energy Rating Report (minimum 7-star)
- Bushfire (BAL) Compliance (where applicable)
Preliminary Inclusions:
- Services: 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 & Gas by Builder; Connection Fees by Owner
Site Works, Foundations & Connections:
- 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 (excludes explosives & core drilling)
- Termite Treatment
- Temporary Fencing
- Site Signage & Waste Management in accordance with Council Requirements
Internal Inclusions:
- 2590mm high ceilings (ground floor)
- Carpet to bedrooms and lounge (design specific)
- Laminate timber-look flooring to family living areas and kitchen
- Water-based acrylic paint to walls & ceilings
- Gloss enamel water-based paint to internal doors, architraves, skirting boards, and door jambs
- 10mm plaster board to walls & ceilings
- Water-resistant plaster board in wet areas
- 75mm cove cornice throughout
- Storage with mirrored sliding doors to robes, linen with 4 melamine shelves
External Inclusions:
- Engineer-designed wall frames & roof trusses
- Face brickwork as per final drawings
- Acrylic rendered features to front facade (design specific)
- Rendered lightweight cladding/painted cement sheet cladding
- Painted infill above garage door (design specific)
- Concrete roof tiles
- Colorbond fascia, guttering, and downpipes
- Feature Aluminium Windows to front facade (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
Landscaping Inclusions:
- Coloured concrete driveway & path to front porch (design specific)
- Turf to front & rear garden
- Drought-resistant planting with mulch
- Letterbox
- Ground mount folding clothesline
Electrical Inclusions:
- White LED downlights throughout the house
- White LED downlights in entry & covered outdoor area
- Floodlight with sensor outside external doors (design specific)
- Double power points throughout the house
- TV point in the living room (antenna not included)
- Telephone/Data points in kitchen & bedrooms
- Hardwired smoke detectors 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)
- Freestanding under-bench dishwasher (stainless steel)
- Microwave provision (design specific)
- 1 & ¾ bowl stainless steel sink with mixer tap
Upgraded Inclusions:
- Add $14,100 for an upgrade to a multi-head split system for bedrooms & living areas
Energy Efficiency:
- Minimum 7-star energy rating
- Insulation to all external walls & ceilings as per home-specific energy rating report
- Heat Pump Hot Water System 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 Sunbury's Redstone Estate presents an excellent investment opportunity, combining contemporary design, high-quality inclusions, and strong rental appeal. With a turnkey package, modern energy-efficient features, and a growing suburb location, this home is ideal for investors seeking a high-yield asset in a thriving community.
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.
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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.
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.