Featured Co-Living Rental Guarantee

Lot 2314 Foreshores Drive, Donnybrook VIC

Melbourne, VIC, 3064

$ 971,000

Featured Co-Living Rental Guarantee
Melbourne, VIC, 3064
Lot 2314 Foreshores Drive, Donnybrook VIC-0
Lot 2314 Foreshores Drive, Donnybrook VIC-1

Property Images

Lot 2314 Foreshores Drive, Donnybrook VIC-0 Lot 2314 Foreshores Drive, Donnybrook VIC-1

Overview

Property ID: LA-10543

  • Co-Living
  • Property Type
  • 6
  • Bedrooms
  • 6
  • Bathrooms
  • 2
  • Cars
  • 213

Details

Updated on Feb 03, 2025 at 04:34 pm

Property Type: Co-Living
Price: $ 971,000
Land Price: $ 378,000
Build Price: $ 593,000
Gross Per Week: $ 1,800
Gross Per Annum: $ 93,600
Gross Yield: 9.64%
Capital Growth 12 Months: 0.85%
Capital Growth 10 Year Annualised: 6.02%
Vacancy Rate: 2.30%
Property Size: 213 m2
Land Area: 400 m2
Bedrooms: 6
Bathrooms: 6
Parking: 2
Title Status: Titled
Property ID: 10543
SKU: 1026

Description

This co-living house and land package in Donnybrook, Victoria, offers a modern design with 5 bedrooms and 6 bathrooms, with an option to convert to 6 bedrooms. The property features a 2-car garage and a total floor area of 213.67 square meters on a 400 square meter lot. The package includes a furniture option priced at $31,900 including GST. The land is registered, ensuring a streamlined purchase process.

Suburb profile:

Donnybrook is a suburb located 30 kilometers north of Melbourne's Central Business District, within the City of Whittlesea. As of the 2021 census, it has a population of approximately 2,100 residents. The suburb is bounded by Merri Creek to the west and Darebin Creek to the east. Donnybrook features a railway station, general store, pub, spa, and a small number of houses. Recent development initiatives aim to accommodate a growing population, enhancing its appeal to investors and residents seeking a balance between urban convenience and suburban tranquility.


Site Inclusions - Site Works, Foundations & Connections:

  • Sewerage connected to the legal point
  • Stormwater connected to the council’s legal point of discharge
  • Electricity connected to the underground supply
  • Gas supply extension provided by the authority
  • Telephone points wired with provision for connection

Preliminary Inclusions:

  • Working drawings for a single dwelling
  • Engineering reports
  • Energy report
  • Soil report and site survey
  • Developer’s approval
  • Building permit

Internal Inclusions:

  • 2040mm x 820mm flush panel internal doors
  • Lever door handles
  • 2550mm ceiling height standard (Option to increase to 2700mm for $5,000)
  • Split system air conditioning to all bedrooms
  • 3-coat high gloss paint on timber doors and woodwork

External Inclusions:

  • Solid external entry door 2040mm x 820mm
  • Deadlocks for external doors
  • Colorbond roof, gutters, and downpipes
  • Bricks and cladding from the builder's standard range
  • Concrete driveway and footpaths

Landscaping Inclusions:

  • Full landscaping including turf, plants, and mulch
  • Clothesline
  • Letterbox

Electrical Inclusions:

  • LED downlights throughout (up to 25 lights)
  • Hardwired smoke detectors
  • TV and telephone points
  • External LED floodlight
  • Exhaust fans in bathrooms

Appliance Inclusions:

  • 900mm stainless steel oven
  • 900mm stainless steel rangehood
  • 900mm stainless steel cooktop
  • 600mm stainless steel dishwasher

Upgraded Inclusions:

  • Increase Ceiling Height to 2700mm for only $5k on top of build price.
  • Furniture Package for $31,900

Furniture Pack Inclusions:

  • Queen or double bed, bed frame, bedside tables, and lamps for each bedroom
  • Mattress, pillows, quilt cover, and sheet set
  • TV (wall-mounted) for each bedroom
  • Kitchenette and dining furniture, including a fridge, microwave, induction cooker, and starter pack
  • Washing machine, cleaning starter set, vacuum cleaner, and mop
  • Outdoor table set and gardening services

Energy Efficiency:

  • 6-star energy rating
  • Solar hot water system
  • R3.5 insulation batts to ceilings, R2.0 to walls

Warranties:

  • 6 Year Rental guarantee (terms and conditions apply)


This property presents a valuable investment opportunity in Werribee, featuring a modern co-living design with flexible bedroom options and a comprehensive furniture package. The registered land status and available rental guarantee enhance its appeal to investors seeking a ready-to-occupy asset in a growing region.

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.

Documents

view?usp=drive_link

Rental Guarantee

Lot 2314 Rental Appraisal_1738560718oly2f.pdf

Rental Appraisal

Address Lot 2314 Foreshores Drive, Donnybrook VIC
City Melbourne
State VIC
Postcode 3064
Suburb N/A

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SQM Research is an investment research house that specialises in providing accurate research and data to financial institutions, investment professionals and investors.

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.

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