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Overview
Property ID: LA-16237
- Co-Living
- Property Type
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Cars
- 154
Details
Updated on Jul 23, 2025 at 04:06 pm
Property Type: | Co-Living |
---|---|
Price: | $ 605,000 |
Land Price: | $ 290,000 |
Build Price: | $ 315,000 |
Gross Per Week: | $ 780 |
Gross Per Annum: | $ 40,560 |
Gross Yield: | 6.70% |
Capital Growth 12 Months: | -0.78% |
Capital Growth 10 Year Annualised: | 6.29% |
Vacancy Rate: | 2.14% |
Property Size: | 154 m2 |
Land Area: | 294 m2 |
---|---|
Bedrooms: | 3 |
Bathrooms: | 3 |
Parking: | 2 |
Title Status: | June 2025 |
Property ID: | 16237 |
SKU: | 1029 |
Description
This co-living property in Lara VIC presents an ideal investment opportunity. Featuring 3 spacious bedrooms, 3 modern bathrooms, and 2-car accommodation, this turnkey residence offers comfort and functionality. Built to the Cartier 17 GE floor plan with a stylish Holt façade, this 154m² home sits on a 294m² lot within Parkview Estate and is priced at just $605,000.
Suburb profile:
Lara is strategically positioned between Geelong and Melbourne, making it a popular growth suburb. With access to quality schools, transport (Lara train station), Avalon Airport and employment hubs, demand for rental accommodation continues to grow. Co-living models suit young professionals, FIFO workers and shared-living tenants seeking flexible arrangements.
Inclusions:
- 2590mm high ceilings
- Colorbond roof & modern Holt façade
- Driveway, fencing, landscaping, clothesline, letterbox
Site Inclusions - Site Works, Foundations & Connections:
- Fixed site costs
- Soil tests, wind rating & slab design
- Connections to services incl. NBN
Internal Inclusions:
- LED lighting
- Tiled and carpeted floor coverings
- Built-in robes with sliding doors
External Inclusions:
- Modern façade with render finish
- Concrete driveway & external tap
- Timber fencing with side gate
Landscaping Inclusions:
- Front & rear landscaping with turf
- Garden beds with mulch & native plants
- Timber letterbox & rotary clothesline
Electrical Inclusions:
- Double powerpoints throughout
- Smoke alarms and safety switches
Appliance Inclusions:
- 900mm stainless steel oven, cooktop & rangehood
- Dishwasher & stone benchtops
Energy Efficiency:
- 6-star energy rating
- Solar hot water system
- Ceiling & wall insulation
Warranties:
- 10-year structural guarantee
- 3-month maintenance period
- Builder's home warranty cover
This turnkey co-living package is perfect for investors seeking stable rental income, with modern finishes and compliant Class 1B design. With Lara’s high rental demand and Parkview’s desirable location, this is a smart addition to your investment portfolio.
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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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.