Lot 1305 Marlee Drive, Armstrong Creek VIC

Armstrong Creek, Geelong, VIC, 3217

$ 697,900

Armstrong Creek, Geelong, VIC, 3217
Lot 1305 Marlee Drive, Armstrong Creek VIC-0
Lot 1305 Marlee Drive, Armstrong Creek VIC-1
Lot 1305 Marlee Drive, Armstrong Creek VIC-2
Lot 1305 Marlee Drive, Armstrong Creek VIC-3
Lot 1305 Marlee Drive, Armstrong Creek VIC-4

Property Images

Lot 1305 Marlee Drive, Armstrong Creek VIC-0 Lot 1305 Marlee Drive, Armstrong Creek VIC-1 Lot 1305 Marlee Drive, Armstrong Creek VIC-2 Lot 1305 Marlee Drive, Armstrong Creek VIC-3 Lot 1305 Marlee Drive, Armstrong Creek VIC-4

Overview

Property ID: LA-17368

  • Co-Living
  • Property Type
  • 3
  • Bedrooms
  • 3
  • Bathrooms
  • 2
  • Cars
  • 150

Details

Updated on Sep 01, 2025 at 10:57 am

Property Type: Co-Living
Price: $ 697,900
Land Price: $ 355,000
Build Price: $ 342,900
Gross Per Week: $ 690
Gross Per Annum: $ 35,880
Gross Yield: 5.14%
Capital Growth 12 Months: 0.15%
Capital Growth 10 Year Annualised: 4.73%
Vacancy Rate: 2.46%
Property Size: 150 m2
Land Area: 350 m2
Bedrooms: 3
Bathrooms: 3
Parking: 2
Title Status: September 2025
Property ID: 17368
SKU: 1029

Description

This modern co-living property in Armstrong Creek offers a contemporary design with 3 bedrooms, 3 bathrooms, and spacious living areas. Set on a 350m² lot, it provides a functional layout with high-quality inclusions, making it an attractive choice for investors. The home is part of a growing community and features turnkey elements such as landscaping, fencing, and driveway, ensuring a move-in-ready solution for both tenants and investors.

Suburb profile:

Armstrong Creek is one of the fastest-growing suburbs in the Geelong region, attracting young families, professionals, and investors. With easy access to Geelong’s CBD, surf beaches, and the Bellarine Peninsula, the location offers a balanced lifestyle with both city convenience and coastal relaxation. The suburb features established schools, shopping centres, and transport links, making it a sought-after area for long-term growth. Strong infrastructure development continues to support demand in this prime growth corridor.


Inclusions:

  • 2590mm ceilings
  • Full turnkey finish with landscaping, fencing, and driveway
  • Internal colour schemes with timber laminate, tiles, and carpet options
  • Stone benchtops to kitchen and bathrooms
  • 900mm stainless steel appliances and canopy rangehood
  • Gas ducted heating and split system air-conditioning
  • LED downlights and hardwired smoke detectors
  • Roller blinds and flyscreens throughout

Site Inclusions - Site Works, Foundations & Connections:

  • Fixed price site costs including rock excavation
  • Engineered waffle slab
  • All service connections
  • Two-part termite treatment

Internal Inclusions:

  • Plasterboard walls, ceilings, and cornices
  • 2040mm flush panel internal doors with lever handles
  • Built-in robes with shelves and hanging rails
  • Venetians to front windows and roller blinds to others

External Inclusions:

  • Concrete roof tiles
  • Colorbond fascia, gutter, and downpipes
  • Feature front entry door with clear glazing
  • Double cylinder deadbolt to front entry
  • Sectional panelift garage door with remotes

Landscaping Inclusions:

  • Front and rear landscaping with turf, plants, mulch, and toppings
  • Irrigation with timers
  • Timber fencing and gates
  • Clothesline and letterbox

Electrical Inclusions:

  • Double power points throughout
  • LED downlights
  • Weatherproof flood light with sensor
  • TV antenna, TV and phone points

Appliance Inclusions:

  • 900mm stainless steel upright cooker
  • Stainless steel dishwasher
  • Canopy rangehood
  • Double bowl stainless steel sink with mixer tap

Energy Efficiency:

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

Warranties:

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

This co-living property presents an excellent investment opportunity, combining modern inclusions, a prime location, and a high-demand rental market in Armstrong Creek.

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 1305 Marlee Drive, Armstrong Creek VIC
City Geelong
State VIC
Postcode 3217
Suburb Armstrong Creek

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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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