Lot 32 Alcott Drive, Newborough VIC

Description

This co-living property is a modern investment opportunity, featuring a fully turnkey home designed for shared accommodation. Located in North Quarter, Lot 32 Alcott Drive, Newborough, this property is ideal for investors looking for strong rental returns. With three bedrooms, three bathrooms, and a two-car garage, this home offers high-quality finishes, energy-efficient features, and premium inclusions. The package is based on a two-part contract, with the land priced at $225,000 and the build cost at $382,020, bringing the total package price to $607,020. The property sits on a 574m² lot with a total house area of 150.93m² and is expected to be titled in January 2025.

Suburb Profile:

Newborough is a regional town in Victoria, offering a balanced lifestyle with access to essential amenities, schools, and public transport. It is known for its affordable property market, making it attractive for investors and renters. The area provides a peaceful suburban environment while still being within reach of larger urban centers. With continued infrastructure development, Newborough is becoming an increasingly desirable location for families and professionals alike.

Site Inclusions - Site Works, Foundations & Connections:

• Fixed price site costs, including rock excavation
• Engineered waffle slab
• Pine wall frames and roof trusses
• Two-part termite treatment

Preliminary Inclusions:

• Survey and drafting plans
• All permits required by building regulations
• Engineer-designed slab/foundations
• Independent quality inspections
• Full house clean on completion
• 3-month maintenance period

Internal Inclusions:

• 2590mm ceiling height
• Plasterboard walls, ceilings, and cornice
• 67mm single bevel architrave and skirting
• 75mm scotia cornice
• Melamine shelves with hanging rails in bedroom robes
• Flush panel internal doors (2040mm high)
• Lever door handles

External Inclusions:

• Concrete roof tiles
• Colorbond fascia, gutter, and downpipes
• Brickwork above windows on the front facade
• Painted infills above garage door and all windows and doors
• Plaster ceiling to porch and outdoor living area (if applicable)
• Color-through concrete driveway and path to porch
• Letterbox with numbers
• Colorbond sectional panel lift garage door with remote controls

Landscaping Inclusions:

• Combination of turf, plants, mulch, and toppings to front and rear yards
• Irrigation system connected to two garden taps with timers
• Timber fencing, including wing fence and gate to all boundaries
• Nature strips leveled and seeded
• Clothesline

Electrical Inclusions:

• Double power points throughout
• LED downlights throughout
• Weatherproof LED floodlight with a sensor outside the laundry
• Hardwired smoke detectors with battery backup
• TV antenna (estate-specific)
• Two TV points
• Two phone points

Appliance Inclusions:

• 900mm stainless steel upright cooker
• 900mm stainless steel canopy rangehood
• Stainless steel dishwasher
• Stainless steel double bowl sink
• 20mm Caesarstone benchtops
• Laminate base and overhead cabinets with bulkhead
• Tiled splashback

Upgraded Inclusions:

• 900mm kitchen appliances
• Stone benchtops in kitchen and bathrooms
• Fully landscaped front and rear yards

Energy Efficiency:

• 6-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:

• Homeowners warranty
• 10-year structural warranty

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