Lot 211 Saltbush Drive, Lara VIC

Lara, Geelong, VIC, 3212

$ 561,450

Lara, Geelong, VIC, 3212
Lot 211 Saltbush Drive, Lara VIC-0
Lot 211 Saltbush Drive, Lara VIC-1
Lot 211 Saltbush Drive, Lara VIC-2
Lot 211 Saltbush Drive, Lara VIC-3
Lot 211 Saltbush Drive, Lara VIC-4

Property Images

Lot 211 Saltbush Drive, Lara VIC-0 Lot 211 Saltbush Drive, Lara VIC-1 Lot 211 Saltbush Drive, Lara VIC-2 Lot 211 Saltbush Drive, Lara VIC-3 Lot 211 Saltbush Drive, Lara VIC-4

Overview

Property ID: LA-18456

  • Co-Living
  • Property Type
  • 3
  • Bedrooms
  • 3
  • Bathrooms
  • 1
  • Cars
  • 140

Details

Updated on Oct 01, 2025 at 10:29 am

Property Type: Co-Living
Price: $ 561,450
Land Price: $ 250,000
Build Price: $ 311,450
Gross Per Week: $ 780
Gross Per Annum: $ 40,560
Gross Yield: 7.22%
Capital Growth 12 Months: -0.78%
Capital Growth 10 Year Annualised: 6.29%
Vacancy Rate: 2.14%
Property Size: 140 m2
Land Area: 238 m2
Bedrooms: 3
Bathrooms: 3
Parking: 1
Title Status: Mar-26
Property ID: 18456
SKU: 1029

Description

This co-living property in Parkview Estate, Lara, offers a modern turnkey solution with 3 bedrooms, 3 bathrooms, and a single garage. Designed with convenience and comfort in mind, the home provides open living areas, quality finishes, and inclusions that make it move-in ready. Located in a growth corridor, it presents a strong investment opportunity for those seeking long-term rental demand and capital growth.

Suburb profile:

Lara is a thriving suburb in the Geelong region of Victoria. Known for its family-friendly atmosphere and strategic location between Melbourne and Geelong, it provides easy access to transport links, shopping, schools, and recreational facilities. With steady population growth and strong infrastructure investment, Lara is increasingly attractive to both homebuyers and investors seeking capital growth and rental stability.


Inclusions:

  • 2590mm ceilings
  • 900mm stainless steel appliances
  • Full turnkey finish including landscaping, fencing, and driveway

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 if applicable)

Internal Inclusions:

  • Pine wall frames and roof trusses
  • Plasterboard walls, ceilings, and cornices
  • 67mm single bevel architrave and skirting
  • 75mm scotia cornice
  • 2040mm flush panel internal doors with lever handles
  • Obscure glazing to bathrooms and ensuite
  • Venetians to front windows, roller blinds to other clear glazed windows
  • 3-coat paint system throughout
  • Flyscreens to all openable windows
  • Barrier doors to sliding doors

External Inclusions:

  • Concrete roof tiles
  • Colorbond fascia, gutter, and downpipes
  • Brickwork with natural colour mortar and rolled joints
  • Colorbond sectional garage door with motor and 2 remotes
  • Feature front entry door with clear glazing
  • Colour-through concrete driveway and path to porch
  • Letterbox with numbers

Landscaping Inclusions:

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

Electrical Inclusions:

  • Double power points throughout
  • LED downlights
  • Weatherproof LED floodlight with sensor
  • Hardwired smoke detectors with battery backup
  • TV points and antenna
  • Phone points

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
  • Laundry trough and cabinet

Bathroom & Ensuite Inclusions:

  • Vanity basins with Caesarstone benchtops
  • Acrylic bath
  • Semi-framed shower screens with tiled shower bases
  • Polished edge mirrors to full vanity width
  • Toilet suites with roll holders
  • Towel rails

Energy Efficiency:

  • 7-star energy rating
  • Solar hot water with gas booster
  • Insulation to walls and ceilings
  • Self-sealing exhaust fans

Warranties:

  • 3-month maintenance period
  • 10-year structural warranty
  • Homeowners warranty insurance

This co-living property represents a smart investment, combining modern turnkey finishes with strong growth prospects in a well-connected location.

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.

Address Lot 211 Saltbush Drive, Lara VIC
City Geelong
State VIC
Postcode 3212
Suburb Lara

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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.

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.

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