Overview
Property ID: LA-7702
- Co-Living
- Property Type
- 4
- Bedrooms
- 3
- Bathrooms
- 2
- Cars
- 206
Details
Updated on Nov 04, 2024 at 02:38 pm
Property Type: | Co-Living |
---|---|
Price: | $ 749,950 |
Land Price: | $ 390,000 |
Build Price: | $ 359,950 |
Gross Per Week: | $ 750 |
Gross Per Annum: | $ 39,000 |
Gross Yield: | 5.20% |
Capital Growth 12 Months: | 3.92% |
Capital Growth 10 Year Annualised: | 6.34% |
Vacancy Rate: | 4.22% |
Property Size: | 206 m2 |
Land Area: | 448 m2 |
---|---|
Bedrooms: | 4 |
Bathrooms: | 3 |
Parking: | 2 |
Title Status: | Q4 2024 |
Property ID: | 7702 |
SKU: | 1045 |
Description
This property offers a spacious four-bedroom, three-bathroom house located in the high-demand suburb of Wyndham Vale, VIC. With a generous land size of 448 square meters and a house size of 206 square meters, the property is part of a house and land package offering a great investment opportunity with the land registration expected in Q4 2024.
Suburb profile:
Wyndham Vale is a fast-growing suburb located in the Wyndham region of Victoria, about 30 km southwest of Melbourne's central business district. Known for its developing infrastructure and family-friendly atmosphere, Wyndham Vale is a popular choice for families and investors alike due to its proximity to schools, parks, and shopping centers.
Internal Inclusions:
- 20mm composite stone benchtop with square edge to kitchen
- Flooring throughout
- Window coverings throughout
External Inclusions:
- Premium facade
- Letterbox
Electrical Inclusions:
- Downlights throughout
- Heating throughout
- Split system air conditioner (cooling only) to living
Appliance Inclusions:
- Stainless steel dishwasher
This property in Wyndham Vale offers a modern and spacious house and land package, perfect for investors looking for a high-growth suburb. With its well-appointed inclusions, this property represents an excellent opportunity in the Victorian property market.
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.
Address
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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.