Overview
Property ID: LA-7329
- House and Land
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 216
Details
Updated on Oct 11, 2024 at 10:28 am
Property Type: | House and Land |
---|---|
Price: | $ 929,990 |
Land Price: | $ 388,000 |
Build Price: | $ 541,990 |
Gross Per Week: | $ 1,750 |
Gross Per Annum: | $ 91,000 |
Gross Yield: | 9.79% |
Capital Growth 12 Months: | 27.84% |
Capital Growth 10 Year Annualised: | 2.65% |
Vacancy Rate: | 0.84% |
Property Size: | 216 m2 |
Land Area: | 491 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | December 2024 |
Property ID: | 7329 |
SKU: | 1026 |
Description
This is a 5-bedroom, 5-bathroom co-living house and land package located in the Golden Bay estate in Western Australia. The property offers excellent rental potential, with a projected rental return of $1,750 per week. It is designed with modern inclusions and turnkey features such as stainless steel appliances, vinyl flooring, reverse cycle air-conditioning, and LED downlights. The land is titled for December 2024, making it an attractive investment for those looking for a future-ready property in a high-demand area.
Suburb profile:
Golden Bay is a coastal suburb located in the Peel Region of Western Australia. Known for its proximity to beautiful beaches, Golden Bay offers a relaxed lifestyle while still being within commuting distance to Perth, approximately 62 kilometers away. The area has experienced strong growth due to its desirable location and access to essential services, schools, and transport links.
Site Inclusions:
- Site works, council charges, standard construction costs
Internal Inclusions:
- Stainless steel appliances including dishwasher, vinyl flooring, quality carpet or vinyl to bedrooms, reverse cycle air-conditioning, LED downlights
External Inclusions:
- Driveway, fencing, garden taps, and crossover, clothesline, letterbox, antenna, flyscreens, and window furnishings
Electrical Inclusions:
- LED downlights throughout
Appliance Inclusions:
- Stainless steel appliances including dishwasher
Furniture Pack Inclusions:
- Furniture package available for $29,700
This co-living investment property in Golden Bay, WA offers excellent rental yields and is fully turnkey. With a modern design and quality inclusions, it is ready for tenants upon completion, making it an ideal investment for those seeking high returns in a growing coastal suburb.
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.
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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.