Overview
Property ID: LA-6872
- House and Land
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 213
Details
Updated on Oct 15, 2024 at 12:09 pm
Property Type: | House and Land |
---|---|
Price: | $ 983,900 |
Land Price: | $ 423,000 |
Build Price: | $ 560,900 |
Gross Per Week: | $ 1,500 |
Gross Per Annum: | $ 78,000 |
Gross Yield: | 7.93% |
Capital Growth 12 Months: | -0.75% |
Capital Growth 10 Year Annualised: | 5.96% |
Vacancy Rate: | 2.39% |
Property Size: | 213 m2 |
Land Area: | 400 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 6872 |
SKU: | 1026 |
Description
A five-bedroom co-living property located in the fast-growing suburb of Tarneit. The home features five bathrooms and a spacious floor plan of 213 sqm on a 400 sqm block. The property is ideal for investors due to the demand for co-living spaces.
Suburb profile:
Tarneit is a high-growth suburb located in Melbourne's western corridor. It offers easy access to public transport, major highways, and key amenities. The area is popular among families and investors due to its affordable housing and proximity to Melbourne CBD.
Please note that the Package Price does not include the following additional cost:
- Furniture Package - $32,990
- Increase Ceiling Height to 2700mm - $5,000
This co-living property in Tarneit offers an excellent investment opportunity in a high-demand location. With five bedrooms and five bathrooms, it provides a spacious living arrangement, appealing to both investors and tenants alike.
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.