Featured Co-Living Rental Guarantee

Lot 238 Uplands Crescent, Melton South VIC

Melbourne, VIC, 3338

$ 821,800

Featured Co-Living Rental Guarantee
Melbourne, VIC, 3338
Lot 238 Uplands Crescent, Melton South VIC-0
Lot 238 Uplands Crescent, Melton South VIC-1
Lot 238 Uplands Crescent, Melton South VIC-2
Lot 238 Uplands Crescent, Melton South VIC-3
Lot 238 Uplands Crescent, Melton South VIC-4

Property Images

Lot 238 Uplands Crescent, Melton South VIC-0 Lot 238 Uplands Crescent, Melton South VIC-1 Lot 238 Uplands Crescent, Melton South VIC-2 Lot 238 Uplands Crescent, Melton South VIC-3 Lot 238 Uplands Crescent, Melton South VIC-4

Overview

Property ID: LA-10792

  • Co-Living
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Cars
  • 205

Details

Updated on Apr 08, 2025 at 09:45 am

Property Type: Co-Living
Price: $ 821,800
Land Price: $ 410,000
Build Price: $ 411,800
Gross Per Week: $ 1,250
Gross Per Annum: $ 65,000
Gross Yield: 7.91%
Capital Growth 12 Months: -0.86%
Capital Growth 10 Year Annualised: 6.78%
Vacancy Rate: 4.55%
Property Size: 205 m2
Land Area: 546 m2
Bedrooms: 5
Bathrooms: 5
Parking: 2
Title Status: Titled
Property ID: 10792
SKU: 1029

Description

The property is a full turnkey home package located in Skylark Rise Estate, Melton South. It offers a modern five-bedroom, five-bathroom layout with a two-car garage. The home is designed for functionality and comfort with a total house area of 205.75m² on a 546m² lot. The title is expected in June 2024, and the property features a North-East orientation.

Suburb profile:

Melton South is a rapidly growing suburb located within the Greater Melbourne region, known for its affordability, accessibility, and strong investment potential. The area offers a range of amenities including shopping centers, schools, and public transport options. It is well-connected to Melbourne’s CBD via road and rail, making it a convenient location for families and professionals. The suburb has seen continuous infrastructure development, attracting homebuyers and investors alike.


Site Inclusions - Site Works, Foundations & Connections:

  • Fixed Price Site Costs including Rock Excavation.

Preliminary Inclusions:

  • Engineered waffle slab.
  • Pine wall frames and roof trusses.
  • 2590mm ceiling height to single-storey homes.
  • 2590mm ceiling height to ground floor and 2440mm to the first floor in double-storey homes.
  • Plasterboard walls, ceilings, and cornices.
  • Independent quality inspections.

Internal Inclusions:

  • 2040mm high flush panel internal doors.
  • 67mm single bevel architraves and skirting.
  • 75mm Scotia cornices.
  • Melamine shelving with hanging rail in bedroom robes.
  • Lever door handles.
  • Carpet to bedrooms and other designated areas.
  • Tiles to wet areas and timber laminate to living areas.

External Inclusions:

  • Concrete roof tiles.
  • Colorbond fascia, gutter, and downpipes.
  • Brickwork as per color selection.
  • Natural color mortar with rolled joints.
  • Letterbox with house numbers.
  • Plaster ceiling to porch and outdoor living (if applicable).
  • Two-part termite treatment.
  • Colour-through concrete driveway and path to the porch.
  • Colorbond sectional panel lift garage door with remote controls.
  • Weatherproof rear garage door (plan specific).
  • Painted infills above garage and windows to the sides and rear.

Landscaping Inclusions:

  • Combination of turf, plants, mulch, and toppings to front and rear yards.
  • Irrigation connected to two garden taps with timers.
  • Compacted paths around the house perimeter.
  • Timber fencing, including wing fence and gate.
  • Nature strips leveled and seeded.
  • Clothesline installation.

Electrical Inclusions:

  • LED downlights throughout.
  • Double power points throughout.
  • Single weatherproof LED floodlight with a sensor outside the laundry.
  • Hardwired smoke detectors with battery backup.
  • Two TV points and one TV antenna (estate-specific).
  • Two phone points.

Optional $32,990 Furniture package includes

  • 5 x Queen Beds with Mattresses
  • Drawers, Side Tables & Lamps
  • Sofa, TV Unit, Coffee Table, Armchair
  • TV & Internet Modem
  • Dining Table & Chairs
  • Kitchen & Laundry Appliances
  • Full Cookware & Cutlery Set

Appliance Inclusions:

  • 900mm stainless steel upright cooker and canopy rangehood.
  • Stainless steel dishwasher.
  • 20mm Caesarstone benchtops with a square edge in the kitchen.
  • Stainless steel double-bowl sink.
  • Tiled splashback.
  • Mixer tap.
  • Melamine pantry shelving.

Upgraded Inclusions:

  • Higher ceilings at 2590mm.
  • Upgraded floor coverings including timber laminate and tiles.
  • Upgraded kitchen appliances and Caesarstone benchtops.
  • Premium tile and paint selections.

Energy Efficiency:

  • 6-star energy rating.
  • Solar hot water system with gas booster.
  • Insulation to walls and ceilings.
  • Self-sealing exhaust fans above all showers.
  • External venting for all exhaust fans and rangehoods.

Warranties:

  • 10-year structural warranty.
  • 3-month maintenance period.
  • Homeowner’s warranty.
  • All necessary permits as per building regulations.


This modern turnkey property in Melton South is an excellent opportunity for homebuyers and investors. With a well-designed layout, premium inclusions, and strong energy efficiency features, it provides comfort and long-term value in a growing 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.

Documents

Lot 238 Uplands Crescent, Melton South VIC 3338_1739773845CgjIX.pdf

Rental Appraisal

view?usp=drive_link

Furniture Package

view?usp=drive_link

Rental Guarantee

Address Lot 238 Uplands Crescent, Melton South VIC
City Melbourne
State VIC
Postcode 3338
Suburb N/A

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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.

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