Lot 210 Ashoka Drive, Thornhill Park VIC 3335
Thornhill Park, Melton, VIC, 3335$ 1,055,000
- Co-living
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 259
Details
Updated on Oct 29, 2026
| Property Type: | Co-living |
|---|---|
| Secondary Type: | Rental Guarantee |
| Price: | $ 1,055,000 |
| Land Price: | $ 423,000 |
| Build Price: | $ 632,000 |
| Gross Per Week: | $ 2,000 |
| Gross Per Annum: | $ 104,000 |
| Gross Yield: | 9.86% |
| Capital Growth 12 Months: | 15.81% |
| 10Yr Annualised Growth: | 5.78% |
| Vacancy Rate: | 14.46% |
| Property Size: | 259 m2 |
| Land Area: | 448 m2 |
|---|---|
| Bedrooms: | 5 |
| Bathrooms: | 5 |
| Parking: | 2 |
| Title Status: | |
| Property ID: | 43235 |
| SKU: | 1049 |
Description
This Co-living in Thornhill Park presents a rare opportunity to secure a modern, high-growth investment. Featuring 5 studios, 5 bathrooms and 2 car spaces, it blends lifestyle comfort with strong rental appeal. Every detail has been designed to combine style with practicality, making it attractive for both tenants and investors. Positioned in one of Australia's fastest-growing areas, this property is built for long-term value and immediate results. A standout choice for anyone seeking both security and growth.
5 Year Rental Guarantee @ $2,000 Per Week: The guarantee spans five years from the start date, which is typically 14 days after the settlement date or issuance of the occupancy permit.
What is Covered: The guarantee ensures 100% rental income during the period, even if vacancies occur, offering peace of mind to investors.
Suburb profile:
Thornhill Park is a growing suburb in Victoria's western corridor, offering excellent access to major transport routes and essential amenities. With close proximity to shopping centres, schools, and public transport, it is an attractive location for tenants and professionals alike. The area continues to experience strong growth due to ongoing infrastructure development, creating consistent demand for housing. Investors are drawn to Thornhill Park for its affordability and strong potential for capital appreciation.
This property includes five self-contained units each with a:
- Bedroom
- Bathroom
- Study Desk
- Living Room
- Kitchenette
- A/C
- Courtyard
Common areas include:
- Storage
- Bike Rack
- Kitchen
- Dining Room
- Laundry
- Social Area
- 5 Mailboxes
Rent Includes:
- Wi-fi
- Electricity
- Water
- Common Area Cleaning
- Gardening
- Maintenance
Furniture Pack:
- Each unit is equipped with a 55" flat-screen Smart TV, data points, a digital door lock for security, a bar fridge & freezer, and a kitchenette with a 3-in-1 convection oven (oven, microwave & air fryer).
- Furnishings include a double bed with bed frame and mattress, bedside table with LED light, lamp, desk, chair, TV unit, two-seater couch, and coffee table.
- The common area features a dining table and fridge.
3.1kW Solar System:
- Features a 3.1kW 3-phase Hybrid (battery-ready) PV solar system, reducing power consumption from the grid while providing a sustainable environmental benefit.
Split System:
- 2.65kW A/C split system is included in each unit for optimal comfort.
- Split system heating and cooling is provided to each unit and the communal area for complete climate control.
Security Features:
- Digital door locks to each unit.
Front & Rear Landscaping:
- The landscaping features a stylish blend of mulch, turf, and garden beds with trees and shrubs.
- The property includes side and back fencing, along with wing fences that create private outdoor areas for each unit.
- Each unit's outdoor area includes a concrete pad suitable for a table and chairs.
With its blend of lifestyle appeal and investment strength, this Co-living in Thornhill Park is a smart choice for both seasoned and new investors. It delivers the right mix of returns today and growth for tomorrow. A property built for lasting success.
A co-living property is a type of shared accommodation that offers private studios with ensuite bathrooms and kitchenettes, 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: Co-Living: The Future of Australian Housing.
Floor plans
Forecasted value over 20 Years
Forecasted value is based on the 10 Year annualised growth.
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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.