Lot 1/39-41 Knight Street, West Richmond SA

Description

This is a co-living property located in the highly sought-after suburb of West Richmond, South Australia. It offers a balance of convenience and comfort with easy access to nearby amenities and transportation. Ideal for investors seeking high returns in a growing area.

Suburb profile:

West Richmond is a well-established suburb located in the city of Adelaide, South Australia. It offers excellent connectivity to the city center and nearby attractions. The area is popular for both families and professionals due to its proximity to educational institutions, shopping centers, and recreational facilities.

Site Inclusions:

• Footings and siteworks costs

Internal Inclusions:

• LED downlights to all main living areas
• Laminate floors to main living area
• Carpet to bedrooms
• Holland blinds to all bedrooms, vertical blinds to main living areas

Landscaping Inclusions:

• Landscaping to front & rear, including letter box, lawn, bark, and plants
• Fencing to side and rear boundaries as required
• Driveway and 900mm concrete paths

Electrical Inclusions:

• 5KW Split system air-conditioning to main living area

Appliance Inclusions:

• 600mm oven in stainless steel appliances

This co-living property offers great investment potential in West Richmond, SA. With modern inclusions, landscaping, and a favorable location, it presents a strong opportunity for investors looking for a growing rental market.

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