Lot 491 Drystone Lane, Bannockburn VIC

Geelong, VIC, 3331

$ 931,500

Geelong, VIC, 3331
Lot 491 Drystone Lane, Bannockburn VIC-0
Lot 491 Drystone Lane, Bannockburn VIC-1
Lot 491 Drystone Lane, Bannockburn VIC-2
Lot 491 Drystone Lane, Bannockburn VIC-3

Property Images

Lot 491 Drystone Lane, Bannockburn VIC-0 Lot 491 Drystone Lane, Bannockburn VIC-1 Lot 491 Drystone Lane, Bannockburn VIC-2 Lot 491 Drystone Lane, Bannockburn VIC-3
  • Co living
  • Property Type
  • 9
  • Bedrooms
  • 9
  • Bathrooms
  • 1
  • Cars
  • 296

Details

Updated on Jun 04, 2026

Property Type: Co living
Price: $ 931,500
Land Price: $ 333,000
Build Price: $ 598,500
Gross Per Week: $ 2,070
Gross Per Annum: $ 107,640
Gross Yield: 11.56%
Capital Growth 12 Months: 12.92%
Capital Growth 10 Year Annualised: 7.36%
Vacancy Rate: 0.42%
Property Size: 296 m2
Land Area: 539 m2
Bedrooms: 9
Bathrooms: 9
Parking: 1
Title Status: October 2026
Property ID: 26830
SKU: 1029

Description

This modern Co-Living in Bannockburn delivers a compelling opportunity for both investors and homeowners. Featuring 9 bedrooms, 9 bathrooms and 1 car space/s, it is designed to maximise space, comfort and functionality. Its contemporary design ensures low maintenance while maintaining strong visual appeal. Located in a high-growth area, it supports both steady rental income and long-term appreciation. A property built with both practicality and performance in mind.


Suburb profile:

Bannockburn is a rapidly growing regional suburb within the Greater Geelong corridor, offering residents a relaxed country lifestyle with convenient access to major urban centres. The area is popular with families and investors due to its expanding infrastructure, quality local schools, sporting facilities, shopping precincts, and easy connectivity to Geelong via the Midland Highway. Bannockburn continues to experience strong population growth driven by affordability and increasing demand for larger residential communities outside Melbourne. Investors are increasingly attracted to Bannockburn for its strong rental demand, future development potential, and proximity to employment hubs, transport links, and lifestyle amenities.


Inclusions:

  • 100% full turnkey package including landscaping, fencing, and driveway
  • 2590mm ceiling height throughout
  • 7-Star Energy Rating
  • Award-winning builder with over 25 years of experience

Site Inclusions-Site Works, Foundations & Connections:

  • Fixed price site costs including rock excavation
  • Two-part termite treatment for long-term protection
  • Concrete path to porch and colour-through concrete driveway

Preliminary Inclusions:

  • Developer-approved façade design
  • Quality assurance and construction compliance to Australian standards

Internal Inclusions:

  • Timber laminate flooring to main living areas (Hynes Collection)
  • Carpet to bedrooms (Royal Parade or Gotham, 7mm underlay)
  • 450x450mm Beaumont Tiles to wet areas including bathroom, ensuite, and WC
  • Wattyl low-sheen wall paint in selected colour schemes (Alpine, Basalt, Ivory, Storm)
  • Laminate cabinetry to all rooms with bulkhead finish

External Inclusions:

  • Concrete roof tiles as per colour schedule
  • Colorbond fascia, gutters, and downpipes
  • Brickwork with natural mortar and rolled joints
  • Brickwork above front façade windows
  • Painted infills above garage doors and windows to side and rear
  • Plaster ceiling to porch and outdoor living (where applicable)
  • Letterbox with house numbers

Landscaping Inclusions:

  • Front and rear landscaping with turf and garden beds
  • Fencing to all boundaries with side access gate
  • Concrete driveway and entry path

Electrical Inclusions:

  • LED downlights throughout the home
  • TV, phone, and data points as per plan
  • Safety switches and smoke detectors in compliance with regulations
  • Exhaust fans to bathrooms and laundry

Appliance Inclusions:

  • 900mm stainless steel upright cooker
  • 900mm stainless steel canopy rangehood
  • Stainless steel dishwasher
  • Stainless steel double bowl sink with chrome mixer tap

Upgraded Inclusions:

  • 20mm Caesarstone benchtops with square edge
  • High-quality laminate overhead and base cabinets with ABS edging
  • Tiled splashback in kitchen (Beaumont Tiles)
  • Feature front entry door (2040mm x 820mm) with clear glazing
  • Colorbond sectional Panelift garage door with motor and two remotes

Furniture Pack Inclusions:

  • Optional add-on furniture package available at additional cost

Energy Efficiency:

  • 7-Star Energy Rating ensuring optimal thermal performance
  • Insulated ceiling and walls for energy savings
  • Water-efficient tapware and fixtures

Warranties:

  • Standard builder's structural warranty
  • Manufacturer's warranties on appliances and fittings

This property is built with long-term growth in mind, offering security, value and strong returns. It provides confidence for investors looking to build wealth while ensuring everyday comfort for residents. A reliable choice in today's 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

Floor plans

floor_plan.png
Address Lot 491 Drystone Lane, Bannockburn VIC
City Geelong
State VIC
Postcode 3331
Suburb N/A
Estate Somerset Estate

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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.

SMSF Single Contract

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