Lot 2025 Cadastral Way, Melton South VIC

Description

This co-living property package is located in the Seventh Bend Estate, Melton South. The LEON 22 GE - 1B Summit design offers a 5-bedroom, 5-bathroom, 2-car layout over a 205.75m² house area on a 400m² block. It features a full turnkey solution with a 10% deposit, east-facing orientation, and a 2-part contract structure. The property includes landscaping, fencing, driveway, and internal and external upgrades, suited for investment in a high-growth suburb.

Suburb profile:

Melton South is a rapidly growing suburb in Melbourne’s outer west, known for its affordable housing, increasing infrastructure development, and proximity to schools, parks, and public transport. It offers a family-friendly environment and is appealing for both homeowners and investors due to its future growth potential and improved connectivity to the CBD via the Melton train line and major arterial roads.

Site Inclusions - Site Works, Foundations & Connections:

• Fixed price site costs including rock excavation
• Engineered waffle slab
• All service connections (excluding consumer account opening and fibre optic connection if applicable)
• Survey and drafting plans
• Engineer-designed slab/foundations
• All permits as required by building regulations

Preliminary Inclusions:

• Independent quality inspections
• Full house clean on completion
• 3-month maintenance period

Internal Inclusions:

• 2590mm ceiling height
• Plasterboard walls, ceilings and cornice
• 67mm single bevel architrave and skirting
• 75mm scotia cornice
• Melamine shelf and hanging rail to bedroom robes
• 2040mm high flush panel doors
• Lever door handles
• Obscure glazing to ensuite, bathroom, and WC
• Aluminium sliding windows with locks
• Venetians to front windows, roller blinds to other clear glazed windows and sliding doors
• 3 coat paint system
• Gloss enamel paint to architraves and skirting
• Flyscreens to openable windows
• Barrier doors to all sliding doors
• Gas ducted heating
• Split system air conditioning to main living and master bedroom (for double storey)

External Inclusions:

• Concrete roof tiles
• Colorbond fascia, gutter, and downpipes
• Bricks with natural colour mortar and rolled joints
• Brickwork above front windows
• Painted infills above garage and side/rear windows and doors
• Plaster ceiling to porch and outdoor living (if applicable)
• Two-part termite treatment
• Coloured concrete driveway and path to porch
• Letterbox with numbers
• Colorbond sectional garage door with motor and 2 remotes
• Weatherproof rear garage door and house access door
• 2040mm high x 820mm wide front entry door with glazing
• Double cylinder deadbolt

Landscaping Inclusions:

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

Electrical Inclusions:

• Double power points throughout
• LED downlights throughout
• Single weatherproof LED flood light with sensor at laundry
• Hardwired smoke detectors with battery backup
• 2 TV points
• 1 TV antenna (estate specific)
• 2 phone points

Appliance Inclusions:

• 900mm stainless steel upright cooker
• 900mm stainless steel canopy rangehood
• Stainless steel dishwasher
• Stainless steel double bowl sink
• Mixer taps
• 20mm Caesarstone benchtops with square edge
• Laminate base and overhead cabinets
• Tiled splashback
• 4 melamine shelves in pantry

Energy Efficiency:

• 6 star energy rating
• Solar hot water with gas booster
• Wall and ceiling insulation
• Self-sealing exhaust fans
• External venting to exhaust fans and rangehoods

Warranties:

• Home Owners Warranty
• 10 Year Structural Warranty

This is a full turnkey co-living property offering high-quality inclusions and energy efficiency. Positioned in a growth corridor of Melbourne, it presents an attractive opportunity for investors seeking strong long-term rental returns.

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