Lot 1142 Codrington Street, Melton South VIC

Description

This stylish and spacious co-living property in Melton South is a fully turnkey investment opportunity featuring 5 bedrooms and 5 bathrooms, each thoughtfully designed for privacy and rental appeal. With high-quality finishes, modern design and inclusions, this dual-income-ready asset provides strong yield potential in a fast-growing suburb.

Suburb profile:

Melton South is a booming suburb in Melbourne’s western growth corridor. Known for its affordable housing, expanding infrastructure and proximity to public transport, schools and shops, Melton South is attracting both families and young professionals—making it an excellent choice for property investors.

Inclusions:

• 2590mm ceiling height
• 100% full turnkey pricing
• Landscaping, fencing, and driveway included
• Engineered waffle slab
• Pine wall frames and roof trusses

Site Inclusions - Site Works, Foundations & Connections:

• Fixed site costs including rock excavation
• All service connections (excluding consumer account opening)
• Engineer-designed slab and foundations

Preliminary Inclusions:

• Fixed price contract
• All permits and compliance with design guidelines
• Independent quality inspections
• Survey and drafting plans
• Full house clean on completion
• 3-month maintenance period

Internal Inclusions:

• 2040mm flush panel internal doors
• Lever door handles
• Plasterboard walls and ceilings with 75mm scotia cornice
• 67mm single bevel architraves and skirting
• Venetian blinds to front windows and roller blinds to others

External Inclusions:

• Colorbond fascia, gutter and downpipes
• Concrete roof tiles
• Feature front entry door with clear glazing
• Double cylinder deadbolt and entrance set
• Brickwork above windows to front façade
• Driveway and path to porch
• Letterbox with numbers

Landscaping Inclusions:

• Turf, plants, mulch and toppings to front and rear
• Irrigation system with garden tap timers
• Compacted paths around house perimeter
• Timber fencing with wing fence and gate
• Clothesline and nature strip seeding

Electrical Inclusions:

• LED downlights throughout
• Double power points throughout
• TV points, TV antenna and phone points
• Sensor floodlight outside laundry
• Smoke detectors with battery backup

Appliance Inclusions:

• 900mm stainless steel upright cooker
• 900mm stainless steel canopy rangehood
• Stainless steel dishwasher
• 20mm Caesarstone benchtops with square edge

Energy Efficiency:

• 6-star energy rating
• Solar hot water with gas booster
• Wall and ceiling insulation
• Externally vented exhaust fans and rangehood

Warranties:

• Home owners warranty
• 10-year structural warranty

This fully turnkey co-living property in Melton South is ideal for investors seeking a high-yield, low-maintenance asset with strong tenant demand 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.

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