Lot 19 Road R-1, Morwell VIC

Description

This co-living property is located in Panorama Estate, Morwell, and offers a modern and fully turnkey investment opportunity. Designed for shared living arrangements, it features five bedrooms, each with its own ensuite, making it an ideal solution for high-yield rental income. The property is built to a 7-star energy rating standard, ensuring long-term sustainability and energy efficiency.

Suburb profile:

Morwell is a town located in the Latrobe Valley region of Victoria, known for its strong industrial and energy sector. The area has a diverse community, supported by various infrastructure projects, retail hubs, and public transport links. It offers affordable housing and investment opportunities with consistent rental demand driven by local employment and educational institutions.

Site Inclusions - Site Works, Foundations & Connections:

• Fixed price site costs including rock excavation.

Preliminary Inclusions:

• Survey and drafting plans.
• Engineering-designed slab/foundations.
• All permits as required by building regulations.
• Independent quality inspections.
• Full house clean upon completion.

Internal Inclusions:

• Engineered waffle slab.
• Pine wall frames and roof trusses.
• 2590mm ceiling height.
• 2040mm high flush panel doors throughout.
• Lever door handles.
• Aluminium sliding windows with locks.
• Plasterboard walls and ceilings.
• Architrave and skirting.
• Cornices.
• Wardrobes with melamine shelving and hanging rail.

External Inclusions:

• Concrete roof tiles.
• Colorbond fascia, gutter, and downpipes.
• Bricks with natural mortar.
• Feature front entry door with clear glazing.
• Sectional panel lift garage door with motor and remote.
• External lighting.
• Painted plaster ceiling to porch and outdoor living.

Landscaping Inclusions:

• Turf, plants, mulch, and toppings to front and rear yards.
• Irrigation system.
• Compacted paths around the house perimeter.
• Timber fencing including wing fence and gate.
• Leveled and seeded nature strips.
• Clothesline.

Electrical Inclusions:

• Double power points throughout.
• LED downlights.
• Hardwired smoke detectors.
• TV points.
• TV antenna (estate specific).
• Phone points.
• Single weatherproof LED floodlight with a sensor outside the laundry.

Optional $32,990 Furniture package includes

• 5 x 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.
• Canopy rangehood.
• Stainless steel dishwasher.
• 20mm Caesarstone benchtops.
• Laminate cabinetry with overhead cabinets.
• Stainless steel double bowl sink.
• Mixer tap.
• Tiled splashback.
• Melamine pantry shelving.

Energy Efficiency:

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

Warranties:

• Homeowners' warranty.
• 10-year structural warranty.
• 3-month maintenance period.

This high-quality co-living property in Morwell presents a fantastic investment opportunity, featuring a modern design, full turnkey inclusions, and a 7-star energy rating. With strong rental demand and comprehensive inclusions, this property ensures long-term value and high-yield potential.

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