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Overview
Property ID: LA-10881
- Co-Living
- Property Type
- 4
- Bedrooms
- 4
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Feb 26, 2025 at 05:58 pm
Property Type: | Co-Living |
---|---|
Price: | $ 778,000 |
Land Price: | $ 363,000 |
Build Price: | $ 415,000 |
Gross Per Week: | $ 920 |
Gross Per Annum: | $ 47,840 |
Gross Yield: | 6.15% |
Capital Growth 12 Months: | -0.86% |
Capital Growth 10 Year Annualised: | 6.78% |
Vacancy Rate: | 4.55% |
Property Size: | 205 m2 |
Land Area: | 350 m2 |
---|---|
Bedrooms: | 4 |
Bathrooms: | 4 |
Parking: | 2 |
Title Status: | Paradise Circuit |
Property ID: | 10881 |
SKU: | 1036 |
Description
This co-living property offers a modern, turnkey investment opportunity in Atherstone Estate, located at Grappenhall Avenue, Strathtulloh, VIC 3338. The Jersey 23 CL (Co-living) design provides a total house area of 205.39m² on a 350m² lot. The property includes four bedrooms, four bathrooms, and a double garage, making it ideal for shared accommodation while maximizing rental returns.
Suburb profile:
Strathtulloh is a growing suburb in Melbourne’s west, part of the rapidly expanding Melton area. It offers a balance of suburban living with access to key amenities such as shopping centers, schools, parks, and public transport. The suburb is well-connected via major road networks, including the Western Freeway, providing easy access to Melbourne’s CBD.
Site Inclusions - Site Works, Foundations & Connections:
- Engineer Site Assessment & Survey
- Engineer-designed slab (up to P classification)
- Stormwater, sewer, water & single-phase underground power connections
- Recycled water (where applicable)
- NBN run-in to the front of the home (where available)
- Rock excavation & removal allowance included
- Termite treatment
- Temporary fencing and site signage
Preliminary Inclusions:
- Building permit
- Energy rating report (minimum 7-star rating)
- Bushfire (BAL) compliance (where applicable)
Internal Inclusions:
- 2590mm high ceilings on the ground floor
- 2040mm high internal flush panel doors with chrome door furniture
- Painted walls, ceilings, skirting boards, and architraves
- 10mm plasterboard to walls and ceilings
- Water-resistant plasterboard to wet areas
- 75mm cove cornices throughout
- Carpet to bedrooms & lounge
- Laminate timber-look flooring to family living areas & kitchen
External Inclusions:
- Face brickwork with acrylic render to front facade
- Rendered lightweight cladding or painted cement sheet cladding
- Colorbond fascia, guttering, and downpipes
- Aluminium windows and external doors
- Programmable entry lockset with PIN code keypad to front door and bedrooms
- Sectional Colorbond garage door with two remote controls
- Feature aluminium windows to the front facade
- Outdoor living/alfresco area with a plaster-lined ceiling and concrete slab floor
Landscaping Inclusions:
- Coloured concrete driveway and path to front porch
- Turf to front and rear gardens
- Drought-resistant planting with mulch
- Letterbox
- Ground-mount folding clothesline
- Boundary fencing (as per estate requirements)
Electrical Inclusions:
- White LED downlights throughout the house and covered outdoor area
- 1 fluorescent strip light in the garage
- Floodlight with sensor outside external doors
- Double power points throughout
- TV point in the living area (antenna not included)
- Telephone/data points in the kitchen and bedrooms
- Hardwired smoke detectors with battery backup
- RCD safety switch
Appliance Inclusions:
- 900mm stainless steel electric oven
- 900mm electric cooktop
- 900mm stainless steel rangehood
- Freestanding under-bench dishwasher
- 1 & ¾ bowl stainless steel sink with mixer tap
- Microwave provision (design specific)
Upgraded Inclusions:
- Multi-head split system upgrade available for bedrooms and living areas for an additional $14,100
Energy Efficiency:
- Heat pump with natural gas booster or electric heat pump (if gas is unavailable)
- PV solar system to meet energy rating requirements
- Gas ducted heating to living areas & bedrooms
- Split system air-conditioning unit in the main living area
Warranties:
- 3-month maintenance period
- 10-year structural warranty
This co-living property in Atherstone Estate offers a high-quality investment opportunity with turnkey inclusions, modern energy-efficient features, and a strong rental appeal. Located in the rapidly growing suburb of Strathtulloh, this property is ideal for investors looking for strong rental yields and long-term capital growth.
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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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.