Lot 115 Candlebark Road, Drouin VIC

Drouin, West Gippsland , VIC, 3818

$ 743,550

Drouin, West Gippsland , VIC, 3818
Lot 115 Candlebark Road, Drouin VIC-0
Lot 115 Candlebark Road, Drouin VIC-1
Lot 115 Candlebark Road, Drouin VIC-2
Lot 115 Candlebark Road, Drouin VIC-3
Lot 115 Candlebark Road, Drouin VIC-4

Property Images

Lot 115 Candlebark Road, Drouin VIC-0 Lot 115 Candlebark Road, Drouin VIC-1 Lot 115 Candlebark Road, Drouin VIC-2 Lot 115 Candlebark Road, Drouin VIC-3 Lot 115 Candlebark Road, Drouin VIC-4

Overview

Property ID: LA-17363

  • Co-Living
  • Property Type
  • 4
  • Bedrooms
  • 3
  • Bathrooms
  • 2
  • Cars
  • 195

Details

Updated on Aug 25, 2025 at 06:46 pm

Property Type: Co-Living
Price: $ 743,550
Land Price: $ 360,000
Build Price: $ 383,550
Gross Per Week: $ 810*
Gross Per Annum: $ 42,120
Gross Yield: 5.66%
Capital Growth 12 Months: -3.88%
Capital Growth 10 Year Annualised: 6.51%
Vacancy Rate: 0.37%
Property Size: 195 m2
Land Area: 544 m2
Bedrooms: 4
Bathrooms: 3
Parking: 2
Title Status: December 2026
Property ID: 17363
SKU: 1029

Description

This stunning co-living property in the Altura Estate, Drouin offers a perfect blend of style, comfort, and investment potential. Featuring 4 bedrooms, 3 bathrooms, and 2 parking spaces, this home is designed with modern living in mind. With a land size of 544m² and a house size of 195m², it provides ample space for residents while maintaining low-maintenance appeal. A turnkey package with full inclusions ensures convenience and immediate appeal to tenants and investors alike.

Suburb profile:

Drouin is a vibrant and fast-growing township in West Gippsland, VIC, just over an hour’s drive from Melbourne. Known for its natural beauty and relaxed lifestyle, the suburb is surrounded by scenic hills, parks, and family-friendly amenities. Drouin offers a thriving local community with schools, shopping, and public transport all within easy reach. With its strong rental demand and ongoing infrastructure improvements, Drouin is a sought-after location for both homeowners and investors.


Inclusions:

  • 2590mm ceilings
  • 900mm stainless steel appliances
  • Full turnkey finish including landscaping, fencing and driveway
  • Quality flooring with timber laminate, tiles, and carpet throughout
  • Caesarstone benchtops and stylish cabinetry in kitchen and bathrooms
  • Split system air conditioning and ducted heating
  • Blinds and flyscreens included
  • 6 Star Energy Rating with solar hot water and insulation
  • Comprehensive warranties including 10-year structural warranty

Site Inclusions - Site Works, Foundations & Connections:

  • Fixed price site costs including rock excavation
  • Engineered waffle slab with pine wall frames and roof trusses
  • All service connections (excluding account opening)

Internal Inclusions:

  • Flush panel internal doors with lever handles
  • 67mm single bevel architraves and skirting
  • 75mm scotia cornice
  • Painted finishes with 3-coat system
  • Robes with shelf and hanging rail

External Inclusions:

  • Concrete roof tiles
  • Colorbond fascia, gutter, and downpipes
  • Brickwork with natural colour mortar and rolled joints
  • Letterbox with numbers
  • Remote-controlled Colorbond sectional garage door

Landscaping Inclusions:

  • Front and rear landscaping with turf, plants, mulch, and irrigation
  • Timber fencing with gate and wing fences
  • Clothesline included

Electrical Inclusions:

  • LED downlights throughout
  • Double power points throughout
  • TV and phone points
  • Hardwired smoke detectors with battery backup

Appliance Inclusions:

  • 900mm stainless steel upright cooker
  • 900mm stainless steel canopy rangehood
  • Stainless steel dishwasher
  • Stainless steel double bowl sink with mixer tap

Energy Efficiency:

  • 6 Star Energy Rating
  • Solar hot water with gas booster
  • Insulation to walls and ceilings
  • Self-sealing exhaust fans

Warranties:

  • 3-month maintenance period
  • 10-year structural warranty
  • Home Owners Warranty Insurance

This modern co-living property in Drouin provides an outstanding opportunity for investors seeking strong rental potential, long-term growth, and a fully finished turnkey solution.

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.

Address Lot 115 Candlebark Road, Drouin VIC
City West Gippsland
State VIC
Postcode 3818
Suburb Drouin

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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.

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