Featured Co-Living Rental Guarantee

Lot 249 Hillcrest Road, Drouin VIC

Baw Baw, VIC, 3818

$ 644,300

Featured Co-Living Rental Guarantee
Baw Baw, VIC, 3818
Lot 249 Hillcrest Road, Drouin VIC-0
Lot 249 Hillcrest Road, Drouin VIC-1
Lot 249 Hillcrest Road, Drouin VIC-2
Lot 249 Hillcrest Road, Drouin VIC-3
Lot 249 Hillcrest Road, Drouin VIC-4

Property Images

Lot 249 Hillcrest Road, Drouin VIC-0 Lot 249 Hillcrest Road, Drouin VIC-1 Lot 249 Hillcrest Road, Drouin VIC-2 Lot 249 Hillcrest Road, Drouin VIC-3 Lot 249 Hillcrest Road, Drouin VIC-4

Overview

Property ID: LA-11744

  • Co-Living
  • Property Type
  • 4
  • Bedrooms
  • 3
  • Bathrooms
  • 2
  • Cars
  • 174

Details

Updated on Mar 13, 2025 at 01:00 pm

Property Type: Co-Living
Price: $ 644,300
Land Price: $ 279,000
Build Price: $ 365,300
Gross Per Week: $ 810
Gross Per Annum: $ 42,120
Gross Yield: 6.54%
Capital Growth 12 Months: -3.88%
Capital Growth 10 Year Annualised: 6.51%
Vacancy Rate: 0.37%
Property Size: 174 m2
Land Area: 360 m2
Bedrooms: 4
Bathrooms: 3
Parking: 2
Title Status: March 2025
Property ID: 11744
SKU: 1029

Description

This co-living property in Drouin Fields is a modern investment opportunity featuring a 4-bedroom, 3-bathroom, 2-car garage home. The property is designed for shared living, ensuring an efficient layout and premium inclusions. With a 7-star energy rating, the home is both cost-effective and environmentally friendly. The full turnkey package includes landscaping, fencing, and driveway, making it a hassle-free investment.

Suburb profile:

Drouin is a fast-growing suburb in Victoria, offering a blend of modern amenities and natural surroundings. It provides excellent access to transport links, schools, and shopping centres, making it ideal for families and investors. The rising property demand and affordable prices make it a strong investment location with high rental potential.


Site Inclusions:

  • Fixed price site costs including rock excavation

Preliminary Inclusions:

  • Engineer-designed slab/foundations
  • All service connections (excluding consumer account opening and fibre optic connection if applicable)
  • Independent quality inspections
  • Full house clean on completion
  • 3-month maintenance period

Internal Inclusions:

  • 2590mm ceiling height
  • Engineered waffle slab
  • Pine wall frames and roof trusses
  • Plasterboard walls, ceilings, and cornices
  • 67mm single bevel architrave and skirting
  • 75mm Scotia cornice
  • Flush panel doors throughout (2040mm high)
  • Lever door handles
  • Window locks on all openable windows (keyed alike)
  • Venetians to front windows, roller blinds to remaining clear glazed windows and sliding doors
  • 3-coat paint system throughout
  • Gloss enamel paint to architraves and skirting
  • Flyscreens on all openable windows
  • Barrier doors to all sliding doors

External Inclusions:

  • Concrete roof tiles
  • Colorbond fascia, gutter, and downpipes
  • Brickwork to front facade, with natural colour mortar (rolled joints)
  • Painted infills above garage door and all windows/doors
  • Plaster ceiling to porch and outdoor living (if applicable)
  • Two-part termite treatment
  • Colorbond sectional panel lift garage door with motor and two remote controls
  • Weatherproof door to rear of garage (plan specific)
  • Flush panel garage/house access door (plan specific)

Landscaping Inclusions:

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

Electrical Inclusions:

  • Double power points throughout
  • LED downlights throughout
  • Single weatherproof LED flood light with sensor outside laundry
  • Hardwired smoke detectors with battery backup
  • 2 TV points
  • TV antenna (estate specific)
  • 2 phone points

Appliance Inclusions:

  • 900mm stainless steel upright cooker
  • 900mm stainless steel canopy rangehood
  • Stainless steel dishwasher
  • Stainless steel double bowl sink
  • Mixer tap
  • Tiled splashback
  • Laminate base and overhead cabinets with bulkhead
  • 20mm Caesarstone benchtops with square edge
  • 4 melamine shelves in pantry

3 beds - Optional $24,990 Furniture package includes

  • 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

Upgraded Inclusions:

  • 2590mm ceiling height
  • Insulation to walls and ceilings
  • Self-sealing exhaust fans positioned above all showers
  • External venting to all exhaust fans and rangehoods

Energy Efficiency:

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

Warranties:

  • Home Owners Warranty
  • 10-year structural warranty


This co-living property in Drouin Fields is a turnkey investment opportunity offering modern features, energy efficiency, and a prime location. With a 7-star energy rating, premium finishes, and a growing rental market, it presents strong investment potential with high rental yield and capital growth prospects.

This fully turnkey co-living property in Newborough presents a strong investment opportunity, featuring high-quality finishes, energy-efficient features, and premium inclusions. With a modern design and a sought-after location, this property is ideal for investors seeking strong rental returns and long-term value.

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

Co - Living appraisal_Lot 249 Hillcrest Road, Drouin, VIC 3818_1741831228SKoVt.pdf

Rental Appraisal

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Furniture Package

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Rental Guarantee

Address Lot 249 Hillcrest Road, Drouin VIC
City Baw Baw
State VIC
Postcode 3818
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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