Lot 12 Alcott Drive, Newborough VIC

Description

This is a co-living property located at Lot 12 Alcott Drive, Newborough. The house features 5 bedrooms, each with a private bathroom, and a double garage, designed specifically for shared living. With a total house area of 205.75m² on a 684m² titled block, the package includes full turnkey features such as driveway, fencing, and landscaping. The property is available under a two-part contract with an expected title date of January 2025.

Suburb profile:

Newborough is a regional town in the Latrobe Valley of Victoria, known for its quiet residential setting and strong community vibe. The area offers essential amenities including schools, parks, shopping centres, and proximity to Moe. Its affordability and potential for rental yield make it attractive to investors, especially in the co-living space.

Site Inclusions - Site Works, Foundations & Connections (if Site Inclusions provided otherwise leave it blank):

• Fixed price site costs including rock excavation. Engineered waffle slab. All service connections excluding consumer account opening and fibre optic connection.

Preliminary Inclusions:

• Survey and drafting plans. Design guidelines fixed. Engineer designed slab/foundations. All permits required by building regulations. Independent quality inspections.

Internal Inclusions:

• 2590mm ceiling height to single storey and ground floor.
• 2440mm ceiling height to first floor of a double storey.
• Plasterboard walls and ceilings.
• 67mm single bevel architrave and skirting.
• 75mm Scotia cornice.
• Flush panel internal doors at 2040mm height.
• Lever door handles.
• Obscure glazing to ensuite, bathroom and WC.
• Aluminium sliding windows with keyed alike locks.
• Venetians to front windows.
• Roller blinds to remaining clear glazed windows and sliding doors.
• 3-coat paint system throughout.
• Gloss enamel paint to architrave and skirting.
• Flyscreens to all openable windows.
• Barrier doors to all sliding doors.
• Tiles to wet areas.
• Timber laminate flooring to entry and living areas.
• Carpet to remainder of house.

External Inclusions:

• Concrete roof tiles.
• Colorbond fascia, gutter and downpipes.
• Bricks with natural colour mortar and rolled joints.
• Painted infills above garage door, windows and doors.
• Plaster ceiling to porch and outdoor living (if applicable).
• Two-part termite treatment.
• Concrete driveway and path to porch.
• Letterbox with house number.
• Colorbond sectional garage door with motor and 2 remotes.
• Flush panel internal garage access door and weatherproof rear door.
• Feature front entry door 2040mm x 820mm with clear glazing.
• Double cylinder deadbolt and entrance set to external hinged doors.

Landscaping Inclusions:

• Turf, plants, mulch and toppings to front and rear yards.
• Irrigation system with 2 garden taps and timers.
• Compacted perimeter paths.
• Timber fencing with wing fence and gate to all boundaries.
• Nature strip levelled and seeded.
• Clothesline.

Electrical Inclusions:

• Double power points throughout.
• LED downlights throughout.
• External LED flood light with sensor at laundry.
• Hardwired smoke detectors with battery backup.
• 2 TV points and 1 antenna.
• 2 phone points.

5 beds - Optional $32,990 Furniture package includes

• Queen Beds with Mattresses
• Drawers, Side Tables & Lamps
• Sofa, TV Unit, Coffee Table, Armchair
• TV & Internet Modem
• Dining Table & Chairs
• Kitchen & Laundry Appliances
• Full Cookware & Cutlery Set

Appliance Inclusions:

• 900mm stainless steel upright cooker.
• 900mm stainless steel canopy rangehood.
• Stainless steel dishwasher.
• Stainless steel double bowl sink.
• Mixer tap.
• 20mm Caesarstone benchtops with square edge.
• Laminate base and overhead cabinets.
• Bulkhead above overheads.
• Tiled splashback.

Energy Efficiency:

• 6 Star energy rating.
• Solar hot water system with gas booster.
• Wall and ceiling insulation.
• Self-sealing exhaust fans above showers.
• External venting to rangehoods and exhaust fans.

Warranties:

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

A fully turnkey co-living property in Newborough, this package delivers modern shared-living functionality with high-end finishes and excellent rental return potential. Ideal for investors seeking passive income through a professionally designed rooming house model.

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