Lavender Street, Wollert VIC (4 beds)

Description

This co-living property is a modern investment opportunity offering a high-yield rental potential. It features four bedrooms, four bathrooms, and a two-car garage, designed for co-living arrangements. Located in The Patch Estate at Lot 323 Lavender Street, Wollert, this turnkey home is fully equipped with contemporary inclusions and energy-efficient features.

Suburb profile:

Wollert, VIC, is a rapidly growing suburb in Melbourne’s northern corridor. It offers excellent access to transport, schools, shopping centers, and parks. The area is known for its strong residential growth and increasing demand for rental properties, making it an attractive choice for investors.

Site Inclusions - Site Works, Foundations & Connections:

• Engineer Site Assessment & Survey
• Building Permit
• Energy Rating Report (minimum 7-star)
• Bushfire (BAL) Compliance (where applicable)
• Stormwater, Sewer, Water & Single-Phase Underground Power to existing infrastructure
• Recycled Water (where applicable)
• NBN run-in to the front of the home (where available)
• Telephone, Electricity & Gas connections by builder (fees by owner)
• Engineer-designed slab – up to P Classification (no piers or suspended slab)
• Allowance for rock excavation and removal (excluding explosives & core drilling)
• Termite Treatment
• Temporary Fencing
• Site Signage & Waste Management to meet Council requirements

Preliminary Inclusions:

• 3-month maintenance
• 10-year structural warranty

Internal Inclusions:

• 2590mm high ceilings (ground floor)
• 2440mm high ceilings (first floor for double-storey designs)
• Flush panel 2040mm high internal doors with chrome door furniture
• Privacy locks to bathroom, ensuite, and powder rooms
• Programmable entry lockset with PIN code keypad to all bedroom doors
• Robes with mirror sliding doors, one melamine shelf, and hanging rail
• Linen cupboards with four melamine shelves and vinyl sliding doors
• Ceramic wall tiles in bathrooms, ensuite, kitchen, and laundry splashbacks
• Ceramic floor tiles in wet areas
• Laminate timber-look flooring to family living areas & kitchen
• Carpet to bedrooms & lounge

External Inclusions:

• Face brickwork to designated areas
• Acrylic render to front facade (design specific)
• Rendered lightweight or painted cement sheet cladding (where applicable)
• Concrete roof tiles
• Colorbond fascia, guttering, and downpipes
• Feature aluminum windows to the front facade
• Aluminum windows and external doors throughout
• Keyed locks to all openable windows and doors
• Aluminum framed flyscreens to openable windows
• Feature front entry door (design specific)
• Plaster-lined ceiling in alfresco area

Landscaping Inclusions:

• Coloured concrete driveway & path to front porch
• Turf to front & rear gardens
• Drought-resistant planting to front & rear garden beds, including mulch
• Letterbox
• Ground-mounted folding clothesline

Electrical Inclusions:

• White LED downlights throughout
• White LED downlights in entry & covered outdoor areas
• Fluorescent strip light in garage
• Floodlight with sensor outside external doors
• Double power points throughout
• Single power points to fridge & dishwasher spaces
• 1 TV point in the living room (cable coiled in roof space, antenna to be installed by owner)
• Telephone/data points in kitchen & bedrooms
• Ducted exhaust fans with timer in bathroom, ensuite, laundry, and powder room (where applicable)
• White wall-mounted switches & power outlets
• 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 stainless steel dishwasher
• Microwave provision (design specific)
• 1 & ¾ bowl stainless steel sink with mixer tap

Upgraded Inclusions:

• $14,100 for multi-head split system upgrade to bedrooms & living areas

Energy Efficiency:

• Heat Pump hot water system with Natural Gas Booster or Electric Heat Pump (if gas is unavailable)
• PV solar system meeting energy rating requirements
• Insulation to all external walls & ceilings, as defined in the energy rating report

Warranties:

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

This co-living property in Wollert offers a modern investment opportunity with high-quality inclusions and energy-efficient features. Its prime location, combined with a fully turnkey package, makes it an ideal choice for investors seeking a hassle-free, high-yield rental opportunity.

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