Lot 221 Visor Street, Manor Lakes VIC

Melbourne, VIC, 3024

$ 700,080

Melbourne, VIC, 3024
Lot 221 Visor Street, Manor Lakes VIC-0
Lot 221 Visor Street, Manor Lakes VIC-1
Lot 221 Visor Street, Manor Lakes VIC-2
Lot 221 Visor Street, Manor Lakes VIC-3

Property Images

Lot 221 Visor Street, Manor Lakes VIC-0 Lot 221 Visor Street, Manor Lakes VIC-1 Lot 221 Visor Street, Manor Lakes VIC-2 Lot 221 Visor Street, Manor Lakes VIC-3

Overview

Property ID: LA-11974

  • Co-Living
  • Property Type
  • 3
  • Bedrooms
  • 3
  • Bathrooms
  • 1
  • Cars
  • 167

Details

Updated on Mar 19, 2025 at 12:08 pm

Property Type: Co-Living
Price: $ 700,080
Land Price: $ 325,000
Build Price: $ 375,080
Gross Per Week: $ 840
Gross Per Annum: $ 43,680
Gross Yield: 6.24%
Capital Growth 12 Months: 2.69%
Capital Growth 10 Year Annualised: 6.16%
Vacancy Rate: 5.28%
Property Size: 167 m2
Land Area: 315 m2
Bedrooms: 3
Bathrooms: 3
Parking: 1
Title Status: Titled
Property ID: 11974
SKU: 1048

Description

This is a co-living home and land package located at Lot 221 Visor Street, Manor Lakes - Winterset Estate. The property is designed for multi-generational living, offering a contemporary single-storey layout with a focus on modern conveniences and energy efficiency. The house features a York façade and includes high-quality finishes and turnkey upgrades.

Suburb Profile:

Manor Lakes is a thriving and family-friendly suburb in Victoria, known for its well-planned communities and access to essential amenities. It offers proximity to schools, shopping centres, parks, and public transport options, making it an ideal location for both homeowners and investors. The area has seen consistent growth due to ongoing infrastructure developments and accessibility to Melbourne's CBD.


Site Inclusions:

  • Fixed site costs including P-Class slab and piering
  • Rock extraction and removal guarantee
  • Council asset protection
  • Termite barrier protection (if required)

Preliminary Inclusions:

  • 7-star energy rating
  • Pre-site inspection
  • Soil report & contour survey
  • Developer approval
  • Building permit and associated fees
  • BAL 12.5 (Bushfire Attack Level) compliance if required

Internal Inclusions:

  • 2590mm ceiling height
  • 20mm stone benchtops in kitchen, bathroom, ensuite, and laundry
  • Soft-close cabinets and drawers
  • LED downlights in all internal rooms and porch
  • Ducted heating throughout
  • Three-coat paint system
  • Fibre optic-ready NBN network or equivalent

External Inclusions:

  • Fully rendered home
  • Colorbond roof
  • Eaves as per developer guidelines
  • Fully fenced property
  • Letterbox and TV antenna

Landscaping Inclusions:

  • Front, side, and rear landscaping with a drip system
  • Screening trees
  • Instant turf natural grass
  • 1m-2m feature tree
  • Pebbles and mulched garden beds with mixed Australian native plants

Electrical Inclusions:

  • 90mm diameter 10W LED downlights throughout
  • Double power points
  • Two TV points
  • Two data points
  • NBN provision infrastructure
  • Safety switches
  • Hardwired smoke detectors with battery backup
  • Porch lighting
  • External flood lighting

Appliance Inclusions:

  • 600mm in-built stainless steel oven
  • 600mm in-built cooktop
  • 600mm rangehood
  • Stainless steel dishwasher
  • Double-bowl stainless steel kitchen sink with a designer chrome gooseneck mixer

Upgraded Inclusions:

  • Split system air conditioner in the living room
  • Blinds and fly screens to all windows
  • Concrete driveway and porch (colour-through)
  • Remote-controlled sectional garage door

Energy Efficiency:

  • 7-star energy-rated home
  • Upgraded roof insulation
  • External wall insulation
  • Full siltation wrap
  • Heat pump hot water system
  • 1.76kw solar PV system if required

Warranties:

  • 12-month price lock period
  • 7-year structural guarantee
  • 3-month maintenance inspection and warranty
  • Four independent building inspections throughout the build process


This co-living property in Manor Lakes is a well-designed, energy-efficient home with premium inclusions and turnkey upgrades, offering a comfortable and contemporary lifestyle. Its location in a growing suburb, along with its fixed-price package, makes it an excellent investment opportunity.

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 221 Visor Street, Manor Lakes VIC
City Melbourne
State VIC
Postcode 3024
Suburb N/A

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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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