Lot 1653 Heburn St, Lara VIC

Description

A co-living property designed for investment, featuring 3 bedrooms, 3 bathrooms, and a single garage. Located in Austin Estate, this turnkey home offers full landscaping, premium inclusions, and modern design. Built with quality finishes, the property provides a functional shared living layout suited for multiple tenants. The home has a 7-star energy rating and a total build area of 140.76m² on a 238m² block.

Suburb profile:

Lara is a growing suburb in Victoria, situated between Melbourne and Geelong. Known for its family-friendly environment and proximity to major transport links including the Princes Freeway and Lara train station, the area offers access to schools, parks, and shopping centres. Lara’s location provides a balance of urban convenience and natural surroundings, making it a popular choice for both homeowners and investors.

Site Inclusions - Site Works, Foundations & Connections:

• Fixed price site costs including rock excavation

Internal Inclusions:

• Engineered waffle slab
• Pine wall frames and roof trusses
• 2590mm ceiling height
• Plasterboard walls, ceilings, and cornice
• 67mm single bevel architrave and skirting
• 75mm Scotia cornice
• 1 melamine shelf and hanging rail in bedroom robes
• 2040mm high flush panel internal doors
• Lever door handles
• Obscure glazing to ensuite, bathroom and WC
• Aluminium sliding windows
• Window locks keyed alike
• Venetians to front windows and roller blinds to other clear glazed windows (excluding stairwell)
• 3 coat paint system
• Gloss enamel to architraves and skirting
• Flyscreens to all openable windows
• Barrier doors to all sliding doors
• Gas ducted heating
• Split system air conditioner to main living
• Double power points throughout
• LED downlights throughout
• Smoke detectors
• TV and phone points
• Tiles to wet areas, timber laminate to entry and living areas
• Carpet to remaining house

External Inclusions:

• Concrete roof tiles
• Colorbond fascia, gutters and downpipes
• Bricks with natural mortar and rolled joints
• Brickwork above front facade windows
• Painted infills to sides and rear
• Plaster ceiling to porch
• Two-part termite treatment
• Concrete driveway and path to porch
• Letterbox
• Colorbond sectional garage door with motor and 2 remotes
• Weatherproof rear garage door
• Garage to house access door
• Feature front entry door with glazing
• Double cylinder deadbolt
• Entrance sets to external doors

Landscaping Inclusions:

• Turf, plants, mulch and toppings to front and rear yards
• Irrigation connected to two garden taps with timers
• Compacted paths around house perimeter
• Timber fencing with wing fence and gate
• Nature strips levelled and seeded
• Clothesline

Electrical Inclusions:

• Double power points
• LED downlights
• Weatherproof LED floodlight with sensor
• Hardwired smoke detectors
• 2 TV points
• 1 TV antenna
• 2 phone points

Appliance Inclusions:

• 900mm stainless steel upright cooker
• 900mm stainless steel canopy rangehood
• Stainless steel dishwasher
• 20mm Caesarstone benchtops
• Laminate base and overhead cabinets with bulkhead
• Stainless steel double bowl sink
• Mixer tap
• Tiled splashback
• Melamine shelves to pantry
• Vanity basin
• Acrylic bath
• Semi-framed shower screen
• Tiled shower base
• Polished edge mirror
• Single towel rail
• Privacy locks
• Toilet suite and roll holders
• Laundry trough and cabinet
• Mixer tap to laundry

Energy Efficiency:

• 7 star energy rating
• Solar hot water with gas booster
• Wall and ceiling insulation
• Self-sealing exhaust fans
• Externally vented fans and rangehoods

Warranties:

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

This co-living property in Lara offers a full turnkey investment opportunity, ideal for shared accommodation with premium inclusions and energy-efficient features. Its strategic location and high-spec finish make it a strong candidate for consistent rental yield and long-term 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