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Overview
Property ID: LA-9226
- Co-Living
- Property Type
- 3
- Bedrooms
- 3
- Bathrooms
- 1
- Cars
- 162
Details
Updated on Jan 20, 2025 at 09:34 am
Property Type: | Co-Living |
---|---|
Price: | $ 843,452 |
Land Price: | $ 459,000 |
Build Price: | $ 384,452 |
Gross Per Week: | $ 840 |
Gross Per Annum: | $ 43,680 |
Gross Yield: | 5.18% |
Capital Growth 12 Months: | 2.39% |
Capital Growth 10 Year Annualised: | 5.70% |
Vacancy Rate: | 1.79% |
Property Size: | 162 m2 |
Land Area: | 302 m2 |
---|---|
Bedrooms: | 3 |
Bathrooms: | 3 |
Parking: | 1 |
Title Status: | Titled |
Property ID: | 9226 |
SKU: | 1048 |
Description
This single-storey home in Minta Estate, Berwick. The home spans 18 squares on a 302m² lot, featuring premium inclusions such as ducted heating, 7-star energy efficiency, and turnkey landscaping. It is designed to provide a stress-free investment opportunity in a sought-after area.
Suburb Profile:
Berwick is a thriving suburb located in Melbourne's South East region. Known for its family-friendly atmosphere, the area offers access to quality schools, parks, shopping centers, and public transport. With its strong community and investment potential, Berwick is a desirable location for both homeowners and investors.
Site Inclusions:
- Fixed site costs including P-Class slab and piering
- Rock extraction and removal guarantee
- Temporary fencing and soil removal
- Termite barrier protection
- Council asset protection
Preliminary Inclusions:
- 7-star energy efficiency standards
- Soil report, contour survey, and independent quality inspections
- Developer approval and building permits
- Bushfire compliance (BAL 12.5)
Internal Inclusions:
- 2590mm ceiling height
- LED downlights in all rooms
- Timber laminate flooring in living areas and carpets in bedrooms
- 20mm stone benchtops in kitchen, bathrooms, and laundry
- Soft-close cabinetry and pot drawers
- Stainless steel appliances, including a 900mm oven, cooktop, and rangehood
External Inclusions:
- Fully rendered façade with Colorbond roof
- Remote-controlled garage door
- Eaves and outdoor taps
- Powder-coated aluminum sliding windows
Landscaping Inclusions:
- Fully landscaped front, side, and rear yards
- Drip irrigation system
- Color-through concrete driveway and porch
- Full fencing, clothesline, letterbox, and TV antenna
Electrical Inclusions:
- NBN-ready infrastructure
- Double power points throughout
- Hardwired smoke detectors with battery backup
Appliance Inclusions:
- 900mm in-built oven, cooktop, and rangehood
- Stainless steel dishwasher
Upgraded Inclusions:
- Split-system air conditioning in the living area
- Blinds and flyscreens on all windows
Energy Efficiency:
- Solar panels (if required)
- Glasswool insulation for walls and ceilings
Warranties:
- 7-year structural guarantee
- 3-month maintenance warranty post-handover
- Four independent building inspections during construction
This titled property in Minta Estate, Berwick, offers a modern, fixed-price investment opportunity with premium inclusions and a family-oriented location, ideal for both investors and homeowners.
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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Melbourne, VIC, 3024ENQUIRE ABOUT THIS PROPERTY
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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.