
Overview
Property ID: LA-11990
- Co-Living
- Property Type
- 4
- Bedrooms
- 3
- Bathrooms
- 2
- Cars
- 185
Details
Updated on Mar 21, 2025 at 02:29 pm
Property Type: | Co-Living |
---|---|
Price: | $ 743,445 |
Land Price: | $ 355,000 |
Build Price: | $ 388,445 |
Gross Per Week: | $ 840 |
Gross Per Annum: | $ 43,680 |
Gross Yield: | 5.88% |
Capital Growth 12 Months: | 2.69% |
Capital Growth 10 Year Annualised: | 6.16% |
Vacancy Rate: | 5.28% |
Property Size: | 185 m2 |
Land Area: | 350 m2 |
---|---|
Bedrooms: | 4 |
Bathrooms: | 3 |
Parking: | 2 |
Title Status: | June 2025 |
Property ID: | 11990 |
SKU: | 1048 |
Description
This co-living property is a high-quality home and land package designed for multi-generational living. The single-storey home features a modern York façade and offers a complete turnkey solution with premium inclusions. The property is located in Winterset Estate, Manor Lakes, and provides a well-planned layout with quality fittings and finishes. With a north-facing aspect, this home ensures ample natural light and energy efficiency. The property includes fixed price contracts, making it an attractive option for investors and homeowners alike.
Suburb profile:
Manor Lakes is a growing suburb located in the western corridor of Melbourne, known for its family-friendly environment and well-planned infrastructure. It offers excellent access to schools, parks, shopping centers, and public transport, making it an appealing location for both families and investors. Manor Lakes has a strong community focus and continues to develop with new amenities, ensuring a high standard of living.
Site Inclusions:
- Fixed site costs, including P-Class slab & piering
- BAL 12.5 Bushfire Compliant (where applicable)
- Rock extraction & removal guarantee
Preliminary Inclusions:
- 7-Star energy compliance, including solar panels (if required)
- Developer guidelines, including eaves, water tank, recycled water & corner treatment (where required)
- Community Infrastructure Levy (CIL)
- Four independent building inspections
Internal Inclusions:
- 2590mm ceiling height
- Three-coat paint system
- Soft close cabinet doors & drawers to kitchen & bathrooms
- LED downlights to all internal rooms & porch
- Timber laminate flooring to living, entry & passageways
- Carpet to all bedrooms
- Ducted heating throughout
External Inclusions:
- Colorbond roof & fully rendered exterior
- Front, side & rear landscaping with drip system
- Full fencing, clothesline, letterbox & TV antenna
- Concrete driveway & porch (colour-through)
Landscaping Inclusions:
- Mulched garden beds with screening trees
- Instant turf natural grass
- Mixed variety of Australian native plants
- Pebbles and feature trees
- Lilydale/Tuscan toppings
Electrical Inclusions:
- 90mm white LED downlights throughout
- Double power points throughout
- TV points (2) with roof space cabling
- NBN provision infrastructure on the garage wall
- Data points (2)
- RCD safety switches and circuit breakers
- Smoke detectors (hardwired with battery backup)
- Porch lighting (1x LED downlight)
- External floodlights (2)
- Garage lighting (1x batten light)
Appliance Inclusions:
- 600mm stainless steel in-built oven
- 600mm stainless steel in-built cooktop
- 600mm stainless steel canopy rangehood
- 600mm stainless steel dishwasher
- Double bowl stainless steel kitchen sink with drainer
Upgraded Inclusions:
- 20mm stone benchtops to kitchen, bathrooms, ensuite & laundry
- Split system air conditioner to living room
- Fibre optic ready – NBN network or equivalent (estate specific)
Energy Efficiency:
- 7-Star energy compliance with upgraded insulation
- Solar panels (if required for energy rating compliance)
- Heat pump for hot water system
Warranties:
- 7-year structural guarantee
- 3-month maintenance inspection & warranty
- 4 independent quality inspections (fixing stage, final inspection, re-inspection, 3-month maintenance stage)
- 12-month price lock period
This co-living property in Winterset Estate, Manor Lakes, is a modern and energy-efficient home designed for multi-generational living. With a fixed price contract and high-end turnkey inclusions, this home offers a hassle-free investment opportunity or comfortable family living in a well-established community.
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.