Lot 501 Bridge Road, Melton South VIC

Description

This co-living property offers a modern and functional living space designed to maximize rental returns. Featuring five bedrooms, five bathrooms, and a two-car garage, this property provides a turnkey solution for investors. The home is designed for shared living, with private ensuite bathrooms for each bedroom, ensuring privacy and convenience for occupants. Located in Skylark Rise Estate, Melton South, this property benefits from a strategic location with access to local amenities, schools, and transport options. The home is built with high-quality finishes and inclusions, offering a contemporary lifestyle with long-term value.

Suburb profile:

Melton South is a rapidly growing suburb located west of Melbourne, offering strong investment potential due to its expanding infrastructure and connectivity. The area provides a blend of residential and commercial developments, with access to public transport, shopping centers, schools, and recreational facilities. With ongoing urban development, Melton South continues to attract investors and homebuyers seeking affordable yet well-connected housing options.

Site Inclusions - Site Works, Foundations & Connections:

• Fixed price site costs, including rock excavation.

Preliminary Inclusions:

• Survey and drafting plans
• Design guidelines fixed
• Engineer-designed slab/foundations
• All service connections (excluding consumer account opening and fiber optic connection)
• Independent quality inspections
• Full house clean upon completion
• Three-month maintenance period
• Home warranty
• 10-year structural warranty

Internal Inclusions:

• Engineered waffle slab
• Pine wall frames and roof trusses
• 2590mm ceiling height to single storey
• 2590mm ceiling height to the ground floor and 2440mm to the first floor of a double-storey
• Plasterboard walls and ceilings
• 67mm single bevel architrave and skirting
• 75mm scotia cornice
• Melamine shelf with hanging rail in bedroom robes
• 2040mm high flush panel doors
• Lever door handles
• Obscure glazing to ensuite, bathroom, and WC
• Aluminium sliding windows
• Window locks
• Venetians to front windows, roller blinds to remaining clear glazed windows (excluding stairwell) and sliding doors
• Three-coat paint system throughout
• Gloss enamel paint to architrave and skirting
• Flyscreens on all openable windows
• Barrier doors on all sliding doors

External Inclusions:

• Concrete roof tiles
• Colorbond fascia, gutters, and downpipes
• Bricks with natural color mortar and rolled joints
• Brickwork above windows to the front facade
• Painted infills above garage door and windows/doors to the sides and rear
• Plaster ceiling to the porch and outdoor living (if applicable)
• Two-part termite treatment
• Colorbond sectional panel lift garage door with motor and two remote controls
• Weatherproof door to rear of garage (where applicable)
• Concrete floor

Landscaping Inclusions:

• Combination of turf, plants, mulch, and toppings for front and rear yards
• Irrigation connected to two garden taps with timers
• Compacted paths around the perimeter
• Timber fencing with wing fence and gate
• Nature strips leveled and seeded

Electrical Inclusions:

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

Optional $32,990 Furniture package includes

• 5 x Queen Beds with Mattresses
• Drawers, Side Tables & Lamps
• Sofa, TV Unit, Coffee Table, Armchair
• TV & Internet Modem
• Dining Table & Chairs
• Kitchen & Laundry Appliances
• Full Cookware & Cutlery Set

Appliance Inclusions:

• 900mm stainless steel upright cooker
• 900mm stainless steel canopy rangehood
• Stainless steel dishwasher
• 20mm Caesarstone benchtops with square edge
• Laminate base cabinets and overhead cabinets with bulkhead
• Stainless steel double bowl sink
• Mixer tap
• Tiled splashback
• Four melamine shelves in pantry

Upgraded Inclusions:

• 2590mm ceiling heights
• 900mm appliances
• Full turnkey pricing including driveway, fencing, and landscaping

Energy Efficiency:

• 6-star energy rating
• Solar hot water service with gas booster
• Insulation to walls and ceilings
• Self-sealing exhaust fans above showers
• External venting for all exhaust fans and rangehoods

Warranties:

• Three-month maintenance period
• Home owner’s warranty
• 10-year structural warranty

This fully turnkey co-living property in Melton South offers a high-yield investment opportunity with premium inclusions, modern designs, and an ideal location. With a focus on quality and practicality, this home ensures strong rental demand and long-term value for investors.

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