Foilage Drive, Tarneit VIC (3 beds)

Description

A co-living property located in The Grove Estate Tarneit featuring a titled 392m² land and a 3-bedroom 3-bathroom 1-car Jenson 14 CL (Co-Living 1A)  house design. This is a turnkey investment offering high-end inclusions suited for rooming house or co-living style accommodation.

Suburb profile:

Tarneit is a fast-growing suburb located approximately 25km west of Melbourne's CBD. Known for its family-friendly environment Tarneit offers a range of parks schools shopping centres and transport options making it a popular choice for families and investors alike.

Site Inclusions - Site Works Foundations & Connections:

• Engineer designed slab up to P classification
• Soil test and survey
• Rock excavation and removal allowance
• Stormwater Sewer Water and Single-Phase Underground Power
• Recycled water where applicable
• NBN run-in to front of home where available
• Termite treatment
• Temporary fencing
• Site signage and waste management to meet council requirements

Preliminary Inclusions:

• Building permit
• Energy rating report minimum 7 star
• Bushfire BAL compliance where applicable

Internal Inclusions:

• 2590mm nominal ceiling height on ground floor
• 2440mm nominal ceiling height to first floor
• Carpet to bedrooms and lounge
• Laminate timber look flooring to living areas and kitchen
• 10mm plasterboard to walls and ceilings
• Water-resistant plasterboard to wet areas
• 75mm cove cornice throughout
• Insulation to external walls and ceilings
• Flush panel 2040mm high internal doors
• Chrome door furniture to internal doors
• Programmable entry locksets with PIN code keypad to all bedroom doors
• Privacy locks to bathrooms
• 67mm bevelled skirting and architraves
• Door stops to all hinged doors
• Mirror sliding doors to robes

External Inclusions:

• Face brickwork as per drawings
• Acrylic rendered features to facade
• Rendered lightweight cladding or painted cement sheet cladding as per drawings
• Painted infill above garage door
• Concrete roof tiles
• Colorbond fascia gutters and downpipes
• Feature aluminium windows to front facade
• Aluminium windows and external doors
• Keyed locks to all openable windows and doors
• Aluminium framed flyscreens to openable windows
• Feature front entry door
• Programmable entry lockset with PIN code keypad to front door
• Sectional Colorbond garage door with 2 remote controls
• Plaster lined ceiling and walls to garage
• Concrete slab garage floor
• Hinged external access door with entry lockset
• Outdoor living area plaster lined ceiling and concrete floor

Landscaping Inclusions:

• Coloured concrete driveway and path to front porch
• Turf to front and rear gardens
• Lilydale or Tuscan toppings as determined by builder
• Drought resistant planting to front and rear garden beds including mulch
• Letterbox
• Ground-mounted folding clothesline
• Boundary fencing as required by estate guidelines

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 spaces
• One TV point to living room
• Telephone or data points to kitchen and bedrooms
• Ducted exhaust fans with timer to bathrooms ensuites laundry and powder rooms
• White wall-mounted switches and GPOs
• White smoke detectors hardwired with battery backup
• RCD safety switch

Appliance Inclusions:

• 900mm stainless steel electric oven
• 900mm electric cooktop
• 900mm stainless steel rangehood
• Freestanding underbench stainless steel dishwasher
• One and three quarter bowl stainless steel sink
• Sink mixer tap
• Microwave provision

Upgraded Inclusions:

• Upgrade available for $5,000 to multi-head split system air conditioning to beds and living areas

Energy Efficiency:

• Energy rating minimum 7 star
• Heat pump with natural gas booster or electric heat pump where gas is not available
• PV system to meet energy rating requirements

Warranties:

• Three-month maintenance warranty
• Ten-year structural warranty

This co-living investment property offers a turnkey solution in a prime Tarneit location designed with premium finishes and high energy efficiency standards ensuring strong rental appeal and low maintenance.

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