Lot 1095 Orchard Estate, Midvale WA

Description

This property is a fully turnkey, co-living house and land package located in Beenyup Grove Estate, Byford. The design features a 6-bedroom, 6-bathroom home, with a double garage and alfresco area, offering modern living with a focus on maximizing rental yields. The package includes site works, council charges, and standard construction costs.

Suburb profile:

Byford is a growing suburb situated approximately 21 kilometers from Perth's Central Business District (CBD). It is part of the Peel Region and is known for its family-friendly environment, good schools, and access to natural attractions. The area has experienced steady population growth due to its proximity to Perth, with infrastructure developments continuing to enhance its appeal for both residents and investors.

Site Inclusions:

• Driveway, fencing, garden taps, and crossover

Preliminary Inclusions:

• Site works, council charges, and standard construction cost included

Internal Inclusions:

• Stainless steel appliances, vinyl flooring throughout, carpet in bedrooms, LED downlights, reverse cycle air-conditioning in bedrooms

External Inclusions:

• Clothesline, letterbox, antenna, flyscreens, window furnishings

Appliance Inclusions:

• Stainless steel appliances, including a dishwasher

Furniture Pack Inclusions:

• Furniture package worth $31,900 for co-living setup.

This 6-bedroom, 6-bathroom co-living property in Byford offers a high-yield investment opportunity with a gross yield of nearly 12%. It is located in a high-growth area with a steady demand for rental properties, making it a compelling choice for investors.

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