Lot 111 Flinders Avenue, Lara VIC

Description

This co-living property in Mickleham VIC offers a high-yield investment opportunity with 6 spacious bedrooms, 6 bathrooms, and 2-car parking. Positioned on a 392m² block with a 209m² house design, it combines privacy and shared convenience, ideal for tenants seeking flexibility and affordability. With a fixed package price of $1,046,000 and a rental guarantee, this property is tailored to investors seeking stable returns.

Suburb profile:

Mickleham is a fast-growing suburb in Melbourne’s northern corridor, known for its family-friendly communities and expanding infrastructure. The area benefits from excellent transport links, shopping centres, and schools, making it highly desirable for both homeowners and tenants. As part of Melbourne’s outer north, Mickleham continues to attract strong interest from investors due to its affordability and growth potential.

Inclusions:

• 2550mm ceiling height
• 20mm stone benchtops
• 900mm stainless steel oven, rangehood, cooktop, and dishwasher
• Split system air conditioning units to all bedrooms
• Timber laminate flooring to living areas, tiles to wet areas, and carpet to bedrooms
• Flyscreens to all openable windows
• LED lights throughout
• Colour concrete to driveway, path, and letterbox
• Landscaping, fencing, and clothesline
• Panel lift garage door with 2 remote controls

Site Inclusions - Site Works, Foundations & Connections:

• Engineer-designed slab to standard Class H soil
• Preliminary site works including survey, soil report, and approvals
• Fixed site costs up to H2 classification
• Sewerage and stormwater connected to legal points
• Electricity and gas supply connections
• Telephone points wired with provision for connection

Preliminary Inclusions:

• Working drawings
• Energy report
• Building permit

Internal Inclusions:

• Aluminium sliding windows with powder-coated finish
• Key locks throughout
• Mirror above vanities
• Semi-framed shower screens and poly marble shower bases
• White bath from builder’s range

External Inclusions:

• Concrete roof tiles from builder’s range
• Brickwork, face bricks, and mortar joints as per plan
• Upper storey cladding and rendered finishes
• Colorbond gutters, fascia, and downpipes

Electrical Inclusions:

• LED downlights (up to 25 lights)
• Exhaust fans to bathrooms
• Smoke detectors hardwired
• TV and telephone points

Appliance Inclusions:

• 900mm stainless steel oven, cooktop, and rangehood
• 600mm stainless steel dishwasher

Furniture Pack Inclusions:

• Complete 6-bedroom furniture package included in price (valued at $35,990)
• Living room: sofa, armchair, coffee table, TV unit, artwork, rug, floor lamp
• Bedrooms: upholstered queen beds, mattresses, side tables, lamps, chest of drawers, TVs, coat hangers
• Kitchen/Dining: dining table & chairs, fridge, microwave, kettle, toaster, full kitchenware set
• Laundry: washing machine, dryer, ironing board, vacuum, mop & bucket, clothes airer

Energy Efficiency:

• Chromagen solar hot water system
• R3.5 batts to ceiling, R2.0 to walls (excluding garage)
• Sarking to external walls

This co-living property offers investors a complete turnkey package with strong rental appeal and long-term growth potential.

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