Overview
Property ID: LA-9828
- Co-Living
- Property Type
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Cars
- 162
Details
Updated on Dec 19, 2024 at 05:41 pm
Property Type: | Co-Living |
---|---|
Price: | $ 743,600 |
Land Price: | $ 355,000 |
Build Price: | $ 388,600 |
Gross Per Week: | $ TBA |
Gross Per Annum: | $ TBA |
Gross Yield: | TBA% |
Capital Growth 12 Months: | 27.79% |
Capital Growth 10 Year Annualised: | 10.40% |
Vacancy Rate: | 1.01% |
Property Size: | 162 m2 |
Land Area: | 450 m2 |
---|---|
Bedrooms: | 3 |
Bathrooms: | 3 |
Parking: | 2 |
Title Status: | TBA |
Property ID: | 9828 |
SKU: | 1045 |
Description
This property is a home and land package at 25 Primrose Ct, Davoren Park, featuring a 450m2 lot and a house size of 162m2. It includes 3 bedrooms, 3 bathrooms, and parking for 2 cars, making it ideal for modern living.
Suburb Profile:
Davoren Park is located in South Australia’s Northern Adelaide Region. It is a growing suburb with proximity to schools, parks, and local amenities, offering affordable housing options for families and investors.
This modern home and land package in Davoren Park offers excellent investment potential and a comfortable living space, catering to both families and investors.
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.