Lot 5016 Ryebank St, Weir Views VIC

Description

Introducing a co-living property opportunity in the growing suburb of Weir Views. This modern five-bedroom, five-bathroom home has been purpose-built to Class 1B standards, designed to deliver strong rental performance, comfort and low-maintenance appeal for investors seeking long-term value.

Suburb Profile:

Weir Views forms part of Melbourne’s expanding western growth corridor, close to schools, shopping, parklands and public transport. The suburb continues to experience consistent population growth and infrastructure investment, creating sustained rental demand and solid capital growth potential.

Inclusions:

• 5 bedrooms with private ensuites (one SDA compliant)
• 6 split system units – one in each bedroom and main living
• Stainless steel appliances and high-quality flooring
• Full front and rear landscaping
• Fencing, letterbox and clothesline
• Class 1B approved boarding home design
• Rental appraisal at $285 per room (approx. 8.9% gross yield)

Site Inclusions – Site Works, Foundations & Connections:

• Site cut and fill up to 300 mm fall
• Electrical three-phase underground connection
• H2 class engineered waffle slab with 20 MPa concrete
• Stormwater, sewer and water connections included

Preliminary Inclusions:

• Geotechnical report, contour survey and engineering plans
• 7-star energy rating report
• Developer approval and building permit
• Statutory building warranty insurance

Internal Inclusions:

• 2590 mm ceiling height
• Laminate flooring to living, carpet to bedrooms
• 450 × 450 ceramic tiles in wet areas
• Digital door locks and satin chrome fittings

External Inclusions:

• Choice of two façades and four colour schemes
• Colorbond roofing and fascia
• PGH wire-cut clay bricks
• Digital entry lock and aluminium sliding windows

Landscaping Inclusions:

• Front and rear turf with native plant selection
• Automatic irrigation system
• Concrete driveway and footpath

Electrical Inclusions:

• LED lighting throughout
• Split system heating and cooling to all rooms

Appliance Inclusions:

• Stainless steel cooktop, oven and rangehood
• Energy-efficient appliances

Upgraded Inclusions:

• High ceilings
• Additional pantry storage in kitchen

Energy Efficiency:

• 7-star energy rating
• Energy-efficient lighting and insulation

Warranties:

• Statutory structural warranty insurance

This co-living property provides investors with a high-yield, low-maintenance opportunity in a growing area, combining quality construction with strong rental appeal for a stable long-term return.

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