Sold Featured Co-Living Rental Guarantee

Harlem Way, Berwick VIC

Melbourne, VIC, 3806

$ 946,000

Sold Featured Co-Living Rental Guarantee
Melbourne, VIC, 3806
Harlem Way, Berwick VIC-0
Harlem Way, Berwick VIC-1

Property Images

Harlem Way, Berwick VIC-0 Harlem Way, Berwick VIC-1

Overview

Property ID: LA-10001

  • Co-Living
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Cars
  • 205

Details

Updated on Jan 20, 2025 at 04:29 pm

Property Type: Co-Living
Price: $ 946,000
Land Price: $ 530,000
Build Price: $ 416,000
Gross Per Week: $ 1,400
Gross Per Annum: $ 72,800
Gross Yield: 7.70%
Capital Growth 12 Months: 2.39%
Capital Growth 10 Year Annualised: 5.70%
Vacancy Rate: 1.79%
Property Size: 205 m2
Land Area: 360 m2
Bedrooms: 5
Bathrooms: 5
Parking: 2
Title Status: Titled
Property ID: 10001
SKU: 1036

Description

This co-living property in Berwick’s Minta Estate offers five bedrooms and five bathrooms. The turnkey package includes comprehensive inclusions and optional upgrades, making it an attractive investment opportunity.

Suburb profile:

Berwick, located in Melbourne's southeastern suburbs, is a highly sought-after area known for its excellent schools, green spaces, and family-friendly environment. With easy access to transport and amenities, it’s an ideal location for homeowners and investors alike.


Site Inclusions - Site Works, Foundations & Connections:

  • Engineer-designed slab up to P classification
  • Termite treatment
  • Temporary fencing
  • Site signage and waste management
  • Compliance with council requirements

Preliminary Inclusions:

  • Engineer site assessment and survey
  • Building permit
  • Energy rating report (minimum 7 stars)
  • Bushfire compliance (if applicable)

Internal Inclusions:

  • High ceilings (2590mm on the ground floor)
  • 20mm engineered stone benchtops in kitchens and bathrooms
  • Ceramic tiles to wet areas
  • Carpet and laminate timber flooring

External Inclusions:

  • Face brickwork and concrete roof tiles
  • Colorbond fascia, guttering, and downpipes
  • Aluminium windows and doors

Landscaping Inclusions:

  • Coloured concrete driveway and path
  • Turf to front and rear gardens
  • Drought-resistant plants with mulch
  • Boundary fencing

Electrical Inclusions:

  • White LED downlights throughout
  • Double power points
  • Provision for TV and data points

Appliance Inclusions:

  • 900mm electric oven, cooktop, and rangehood
  • Dishwasher

Upgraded Inclusions:

  • Option to upgrade to multi-head split system for $14,100

Energy Efficiency:

  • PV system to meet energy rating requirements

Warranties:

  • 3-month maintenance warranty
  • 10-year structural warranty


This titled co-living property in Berwick’s Minta Estate provides a modern investment opportunity with comprehensive inclusions, five bedrooms and bathrooms, and optional upgrades to enhance its value.

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

Rental Appraisal_1736834046tWVMM.pdf

Address Harlem Way, Berwick VIC
City Melbourne
State VIC
Postcode 3806
Suburb N/A

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SQM Research is an investment research house that specialises in providing accurate research and data to financial institutions, investment professionals and investors.

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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