Lot 1528 Hanover Circuit, Melton VIC

Description

This is a five-bedroom, five-bathroom co-living investment property located in Orchard Green Estate, Melton. Designed for shared living arrangements, it offers each tenant privacy with their own bathroom, while maintaining communal spaces such as the kitchen and living area. The property is fully turnkey with landscaping, fencing, and driveway included, making it a high-yield, low-maintenance investment.

Suburb profile:

Melton is a fast-developing suburb located approximately 35km west of Melbourne CBD. It has become increasingly popular with investors and families due to its affordability, new infrastructure projects, schools, shopping centres, and excellent transport links. Melton is part of a high-growth corridor experiencing consistent population increases, creating strong demand for rental properties and long-term capital growth.

Site Inclusions – Site Works, Foundations & Connections:

• Fixed site costs including rock excavation
• Engineered waffle slab
• Pine wall frames and roof trusses
• Independent quality inspections
• Survey and drafting plans
• All permits as required by building regulations
• All service connections (excluding consumer account opening and fibre optic connection if applicable)

Preliminary Inclusions:

• Design guidelines fixed
• Fixed price contract
• Full house clean on completion
• 3-month maintenance period

Internal Inclusions:

• 2590mm ceiling height (single storey)
• Plasterboard walls, ceilings, and cornice
• 67mm single bevel architraves and skirtings
• 75mm scotia cornice
• 2040mm high flush panel internal doors
• Lever door handles
• 1 x melamine shelf and hanging rail to bedroom robes
• Aluminium sliding windows with obscure glazing to bathrooms
• Window locks (keyed alike) to all openable windows
• Venetian blinds to front windows, roller blinds to others
• Carpet, tiles, and timber laminate floor coverings as per house plan
• 3-coat paint system including gloss enamel to architraves/skirtings
• Flyscreens to all openable windows
• Barrier doors to sliding doors
• Gas ducted heating
• 1 x split system air conditioner to main living (double storey includes 1 additional to master)

External Inclusions:

• Concrete roof tiles
• Colorbond fascia, gutters, and downpipes
• Bricks with rolled joint mortar
• Painted infills over garage and other windows
• Plaster ceiling to porch and outdoor living
• Termite treatment
• Colour-through concrete driveway and path to porch
• Front entry feature door (2040 x 820mm) with clear glazing
• Double cylinder deadbolt
• Colorbond sectional garage door with 2 remotes
• Weatherproof rear garage door (plan specific)
• Flush panel garage/house access door (plan specific)
• Concrete garage floor

Landscaping Inclusions:

• Turf, plants, mulch, and toppings to front and rear yards
• Timber fencing including wing fence and gate to all boundaries
• Nature strips levelled and seeded
• Clothesline
• Irrigation system connected to 2 garden taps with timers
• Compacted paths around house perimeter
• Electrical Inclusions:
• Double power points throughout
• LED downlights throughout
• Single weatherproof LED floodlight with sensor
• 2 x TV points
• 1 x TV antenna (estate specific)
• 2 x 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
• Tiled splashback
• Mixer tap
• 20mm Caesarstone kitchen benchtop with square edge
• Laminate base and overhead cabinets with bulkhead
• 4 x melamine pantry shelves

Upgraded Inclusions:

• 2590mm ceilings
• Multiple Caesarstone benchtop colour options
• Timber laminate floors to living/entry
• Internal colour schemes (e.g., Alpine, Ivory, Storm, Basalt)
• 20mm square edge Caesarstone in kitchen, bathrooms, and laundry

Energy Efficiency:

• 6-star energy rating
• Solar hot water system with gas booster
• Insulation to walls and ceilings
• Self-sealing exhaust fans
• External venting to all exhaust fans and rangehoods

Warranties:

• 10-year structural warranty
• Home owners warranty
• 3-month maintenance period

This co-living property in Melton offers five bedrooms and five bathrooms under a full turnkey solution, designed to attract high rental yields and minimise maintenance for investors. It features quality finishes, energy efficiency, and strong location fundamentals for capital growth.

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