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Overview
Property ID: LA-10066
- Co-Living
- Property Type
- 4
- Bedrooms
- 3.5
- Bathrooms
- 2
- Cars
- 180
Details
Updated on Mar 03, 2025 at 04:48 pm
Property Type: | Co-Living |
---|---|
Price: | $ 682,500 |
Land Price: | $ 330,000 |
Build Price: | $ 352,500 |
Gross Per Week: | $ 1,000 |
Gross Per Annum: | $ 52,000 |
Gross Yield: | 7.62% |
Capital Growth 12 Months: | -0.86% |
Capital Growth 10 Year Annualised: | 6.78% |
Vacancy Rate: | 4.55% |
Property Size: | 180 m2 |
Land Area: | 392 m2 |
---|---|
Bedrooms: | 4 |
Bathrooms: | 3.5 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 10066 |
SKU: | 1029 |
Description
This property offers a contemporary design with four bedrooms and 3.5 bathrooms, located in the growing suburb of Melton. A turnkey package with modern finishes and inclusions, perfect for investors or families.
Suburb profile:
Melton is a thriving suburb in the western region of Melbourne, offering excellent connectivity to the CBD, growing infrastructure, schools, shopping, and parks. It is a sought-after area for families and investors due to its development and lifestyle offerings.
Site Inclusions - Site Works, Foundations & Connections:
- Fixed price site costs including rock excavation.
Internal Inclusions:
- Timber laminate flooring.
- 2590mm ceiling height.
- Caesarstone benchtops in kitchen and bathrooms.
- Carpet in bedrooms and other areas as per the plan.
External Inclusions:
- Concrete roof tiles.
- Colorbond fascia and gutter.
- Painted infills above garage and windows.
Landscaping Inclusions:
- Turf, plants, and mulch to front and rear yards.
- Timber fencing with gates.
- Concrete driveway and paths.
Electrical Inclusions:
- LED downlights.
- Gas ducted heating.
Appliance Inclusions:
- 900mm stainless steel upright cooker and canopy rangehood.
- Stainless steel dishwasher.
Upgraded Inclusions:
- Full turnkey package with landscaping, fencing, and driveway.
Energy Efficiency:
- 6-star energy rating.
Warranties:
- 10-year structural warranty.
- 3-month maintenance period.
This property in Melton offers an exceptional turnkey solution, featuring modern amenities and energy-efficient design in a growing region, ideal for families or 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
Disclaimer*
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.
Documents
Address
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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.