Overview
Property ID: LA-7701
- House and Land
- Property Type
- 3
- Bedrooms
- 3
- Bathrooms
- 1
- Cars
- 128
Details
Updated on Oct 21, 2024 at 01:36 pm
Property Type: | House and Land |
---|---|
Price: | $ 695,500 |
Land Price: | $ 290,000 |
Build Price: | $ 405,500 |
Gross Per Week: | $ 660 |
Gross Per Annum: | $ 34,320 |
Gross Yield: | 4.93% |
Capital Growth 12 Months: | 27.91% |
Capital Growth 10 Year Annualised: | 10.00% |
Vacancy Rate: | 0.64% |
Property Size: | 128 m2 |
Land Area: | 298 m2 |
---|---|
Bedrooms: | 3 |
Bathrooms: | 3 |
Parking: | 1 |
Title Status: | December 2024 |
Property ID: | 7701 |
SKU: | 1002 |
Description
This co-living property is a home and land package offering modern living with three bedrooms, three bathrooms, and a single parking space. The land is 298 m², and the house has a total area of 128.4 m². Located in Elizabeth North, South Australia, the package starts from $695,500, with the land price at $290,000 and the build price at $405,500. The property is part of a co-living arrangement, featuring modern amenities and a design intended for shared living spaces.
Suburb profile:
Elizabeth North is a suburb located in the northern region of Adelaide, South Australia. It is part of the City of Playford and offers affordable housing options with good access to schools, public transport, and shopping centers. The suburb is known for its community feel and is an attractive location for both investors and first-time homebuyers due to its ongoing development and accessibility to essential services.
Site Inclusions:
- Footings and siteworks costs included
- Fencing to side and rear boundaries as required
Internal Inclusions:
- 5KW Split system air-conditioning to the main living area
- Laminate floors to the main living area
- Carpet to bedrooms/upstairs (if applicable)
External Inclusions:
- Driveway and 900mm concrete paths
Landscaping Inclusions:
- Landscaping to front and rear, including a letterbox, lawn, bark, and plants
Electrical Inclusions:
- Additional Split System
Warranties:
25-year structural guarantee
This co-living property in Elizabeth North, SA offers an investment opportunity with modern features, good connectivity, and community living potential. The package is well-priced and offers structural warranties, siteworks, and air-conditioning as part of the package.
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.