Lot 47 Orchard Road, Richlands QLD

Description

This co-living property in Richlands offers a modern and functional design with three bedrooms, each featuring its own ensuite. The property is fully turnkey with premium inclusions, making it an excellent choice for investors seeking a low-maintenance, high-yield property in a growing area.

Suburb Profile:

Richlands is a thriving suburb in Brisbane's South-West, known for its excellent transport links, including proximity to major highways and train stations. The area features a range of schools, shopping centers, and parks, making it an attractive location for families and professionals.

Site Inclusions - Site Works, Foundations & Connections:

• 400mm site scrape and/or balanced cut and fill excavation
• Slab design suitable for the block as per engineer’s design
• Termite treated timber frame and slab perimeter treatment
• Sewer, stormwater, and water connections
• Driveway and retaining walls as per design

Preliminary Inclusions:

• HIA fixed price contract
• Engineering and slab design
• Soil test and contour survey
• Certification and council building application fees
• Statutory structural guarantee period

Internal Inclusions:

• 2550mm ceiling height
• 20mm stone benchtops in the kitchen and bathrooms
• Carpet to bedrooms and media room
• Vinyl plank flooring to living areas
• Block-out roller blinds
• Semi-framed shower screens
• Walk-in robe with shelving and hanging rail

External Inclusions:

• Colorbond roof and fascia
• Feature painted render and brick façade
• Exposed aggregate driveway
• Powder-coated aluminum windows with keyed locks

Landscaping Inclusions:

• Turf to front and rear yards
• Gravel on side boundaries
• Mulched garden beds with drought-resistant plants
• Boundary fencing with a treated pine gate
• Fold-down clothesline

Electrical Inclusions:

• LED downlights throughout
• TV/data points in living areas and bedrooms
• Split system air-conditioning to living area and bedrooms
• 6kw solar system with a 5kw inverter

Appliance Inclusions:

• 600mm electric oven, cooktop, rangehood, and dishwasher
• Stainless steel sink with chrome tapware

Furniture Pack Inclusions:

• Queen-sized beds
• Dining and living room furniture
• Wall-mounted TVs for all bedrooms and living areas
• Kitchen appliances and crockery
• Outdoor dining set

Energy Efficiency:

• 7-star energy rating compliance
• Insulation in walls and roof
• Solar power system

Warranties:

• 6.5-year structural warranty
• 12-month maintenance period
• 25-year termite resistance warranty on the timber frame
• Manufacturer warranties on appliances and fixtures

This titled property in Richlands provides a complete co-living solution with modern finishes and high-quality inclusions. With its strategic location and strong rental yield, it is an ideal investment for long-term growth.

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