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Overview
Property ID: LA-10959
- Co-Living
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Feb 17, 2025 at 05:27 pm
Property Type: | Co-Living |
---|---|
Price: | $ 774,220 |
Land Price: | $ 380,000 |
Build Price: | $ 394,220 |
Gross Per Week: | $ 1,250 |
Gross Per Annum: | $ 65,000 |
Gross Yield: | 8.40% |
Capital Growth 12 Months: | -0.86% |
Capital Growth 10 Year Annualised: | 6.78% |
Vacancy Rate: | 4.55% |
Property Size: | 205 m2 |
Land Area: | 490 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 10959 |
SKU: | 1029 |
Description
This co-living property is designed for shared living arrangements while offering privacy and comfort. It is a full turnkey package, including high-end finishes, modern appliances, and energy-efficient features. The property provides strong investment potential due to its structure, location, and demand for co-living accommodations.
Suburb profile (please give me a brief suburb profile for this address):
Melton South is a growing suburb in Victoria, known for its affordability and access to key amenities. It has a range of schools, shopping centres, and parks, making it an attractive location for families and investors. The suburb is well-connected by public transport and major road networks, allowing for easy access to Melbourne’s CBD.
Site Inclusions - Site Works, Foundations & Connections:
- Fixed price site costs, including rock excavation
- Engineered waffle slab
- Termite treatment
- All service connections (excluding consumer account opening and fibre optic connection)
Preliminary Inclusions:
- Fixed price contract
- All required permits
- Independent quality inspections
- Homeowners warranty and 10-year structural warranty
Internal Inclusions:
- 2590mm ceiling height for single storey, 2590mm ground floor and 2440mm first floor for double storey
- Plasterboard walls and ceilings
- 67mm single bevel architrave and skirting
- 75mm scotia cornice
- Flush panel internal doors
- Window locks to all openable windows
- Venetians to front windows, roller blinds to other clear glazed windows and sliding doors
- Gloss enamel paint on architraves and skirtings
- 3-coat paint system
External Inclusions:
- Concrete roof tiles
- Colorbond fascia, gutter, and downpipes
- Bricks with natural colour mortar and rolled joints
- Painted infills above windows and garage door
- Letterbox with numbers
- Plaster ceiling to porch and outdoor living
- Concrete driveway and path to porch
- Feature 2040mm high x 820mm wide front entry door with clear glazing
Landscaping Inclusions:
- Turf, plants, mulch, and toppings to front and rear yards
- Irrigation with garden taps and timers
- Compacted paths around the house perimeter
- Timber fencing with wing fence and gate
- Nature strip levelled and seeded
- Clothesline
Electrical Inclusions:
- LED downlights throughout
- Double power points throughout
- Smoke detectors with battery backup
- TV antenna (estate-specific)
- Two TV points
- Two phone points
- Hardwired external LED flood light with sensor
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
- 900mm stainless steel canopy rangehood
- Stainless steel dishwasher
- 20mm Caesarstone benchtops with square edge
- Stainless steel double bowl sink
- Mixer tap
- Tiled splashback
- Laminate base and overhead cabinets with bulkhead
Upgraded Inclusions:
- 6-star energy rating
- Solar hot water system with gas booster
- Gas ducted heating
- Split system air conditioning (one for main living area, additional for master bedroom in double storey)
Energy Efficiency:
- Insulation to walls and ceilings
- Self-sealing exhaust fans
- External venting for all exhaust fans and rangehoods
Warranties (provide full details of warranties):
- Homeowners warranty
- 10-year structural warranty
- 3-month maintenance period
This property in Melton South is an excellent investment opportunity with a full turnkey package. It is designed for co-living, offering modern, high-quality inclusions, energy efficiency, and low maintenance. Located in a growing suburb, it provides strong rental potential and long-term 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
Disclaimer*
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.
Documents
Address
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Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.
Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.