Lot 2220 Borage Street, Mickleham VIC

Melbourne, VIC, 3064

$ 725,863

Melbourne, VIC, 3064
Lot 2220 Borage Street, Mickleham VIC-0
Lot 2220 Borage Street, Mickleham VIC-1
Lot 2220 Borage Street, Mickleham VIC-2
Lot 2220 Borage Street, Mickleham VIC-3

Property Images

Lot 2220 Borage Street, Mickleham VIC-0 Lot 2220 Borage Street, Mickleham VIC-1 Lot 2220 Borage Street, Mickleham VIC-2 Lot 2220 Borage Street, Mickleham VIC-3

Overview

Property ID: LA-11111

  • Co-Living
  • Property Type
  • 3
  • Bedrooms
  • 3
  • Bathrooms
  • 2
  • Cars
  • 157

Details

Updated on Feb 20, 2025 at 12:54 pm

Property Type: Co-Living
Price: $ 725,863
Land Price: $ 354,000
Build Price: $ 371,863
Gross Per Week: $ 750
Gross Per Annum: $ 39,000
Gross Yield: 5.37%
Capital Growth 12 Months: 0.85%
Capital Growth 10 Year Annualised: 6.02%
Vacancy Rate: 2.30%
Property Size: 157 m2
Land Area: 299 m2
Bedrooms: 3
Bathrooms: 3
Parking: 2
Title Status: Titled
Property ID: 11111
SKU: 1048

Description

This co-living home and land package is located at Lot 2220, Borage Street, Mickleham in the Botanical Estate. The property features a single-storey design with a York facade, offering modern finishes and turnkey inclusions. With a house size of 17 squares and a land size of 299m², this home is designed for comfortable and convenient living. The package includes fixed pricing, high-quality inclusions, and energy-efficient features.

Suburb Profile:

Mickleham, located in Melbourne’s northern corridor, is a growing suburb with increasing residential development. The area is well-connected to major highways, schools, shopping centres, and public transport. It offers a mix of family-friendly amenities and investment potential, with ongoing infrastructure upgrades and planned community developments.


Site Inclusions - Site Works, Foundations & Connections:

  • Fixed site costs, including a P-Class slab and piering
  • Peace of mind rock extraction and removal guarantee

Preliminary Inclusions:

  • 7-star energy rating compliance
  • Pre-site inspection
  • Soil report & contour survey from independent geotechnical engineers
  • Developer approval (if required)
  • Building permit and associated application fees
  • BAL 12.5 bushfire compliance (if applicable)

Internal Inclusions:

  • 2590mm ceiling height
  • Soft-close cabinet doors and drawers in the kitchen and bathrooms
  • 20mm stone benchtops in the kitchen, bathroom, ensuite, and laundry
  • Timber laminate flooring in living, entry, and passageways
  • Carpet in all bedrooms
  • LED downlights in all internal rooms and porch
  • Ducted heating throughout the home
  • Three-coat internal paint system

External Inclusions:

  • Colorbond roof
  • Fully rendered home exterior
  • Fibre optic-ready for NBN or equivalent
  • Eaves and water tank where required by developer guidelines
  • Corner treatment where applicable

Landscaping Inclusions:

  • Front, side, and rear landscaping with a drip irrigation system
  • Concrete driveway and porch (colour-through)
  • Full fencing, clothesline, letterbox, and TV antenna

Electrical Inclusions:

  • Double power points throughout
  • TV points with cable to roof space
  • NBN provision infrastructure on the garage wall
  • Two data points
  • Hardwired smoke detectors with battery backup
  • LED external floodlights

Appliance Inclusions:

  • 600mm in-built stainless steel oven
  • 600mm in-built stainless steel cooktop
  • 600mm stainless steel canopy rangehood
  • Stainless steel dishwasher
  • Double-bowl stainless steel kitchen sink with drainer

Upgraded Inclusions:

  • Split-system air conditioner in the living room

Energy Efficiency:

  • 7-star energy rating compliance
  • Heat pump hot water system
  • 1.76kW solar PV system if required for whole-of-home energy assessment
  • Glasswool ceiling and wall insulation
  • Upgraded roof space ventilation

Warranties:

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


This property offers a fixed-price co-living investment opportunity with a modern design and high-quality turnkey inclusions. Located in a high-growth area, it provides strong rental appeal and long-term investment potential.

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 2220 Borage Street, Mickleham VIC
City Melbourne
State VIC
Postcode 3064
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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