Featured Co-Living Rental Guarantee

Lot 515 Pintail Drive, Melton South VIC

Melbourne, VIC, 3338

$ 714,900

Featured Co-Living Rental Guarantee
Melbourne, VIC, 3338
Lot 515 Pintail Drive, Melton South VIC-0
Lot 515 Pintail Drive, Melton South VIC-1
Lot 515 Pintail Drive, Melton South VIC-2
Lot 515 Pintail Drive, Melton South VIC-3
Lot 515 Pintail Drive, Melton South VIC-4

Property Images

Lot 515 Pintail Drive, Melton South VIC-0 Lot 515 Pintail Drive, Melton South VIC-1 Lot 515 Pintail Drive, Melton South VIC-2 Lot 515 Pintail Drive, Melton South VIC-3 Lot 515 Pintail Drive, Melton South VIC-4

Overview

Property ID: LA-9902

  • Co-Living
  • Property Type
  • 4
  • Bedrooms
  • 3.5
  • Bathrooms
  • 1
  • Cars
  • 168

Details

Updated on Jan 10, 2025 at 05:24 pm

Property Type: Co-Living
Price: $ 714,900
Land Price: $ 355,000
Build Price: $ 359,900
Gross Per Week: $ 920
Gross Per Annum: $ 47,840
Gross Yield: 6.69%
Capital Growth 12 Months: -0.86%
Capital Growth 10 Year Annualised: 6.78%
Vacancy Rate: 4.55%
Property Size: 168 m2
Land Area: 375 m2
Bedrooms: 4
Bathrooms: 3.5
Parking: 1
Title Status: Titled
Property ID: 9902
SKU: 1029

Description

This is a fully turnkey 4-bedroom, 3.5-bathroom residential property located in Skylark Rise Estate, Melton South. Designed for comfort and modern living, it includes a spacious kitchen, open-plan living areas, and a single-car garage.

Suburb profile:

Melton South is a fast-developing suburb in Melbourne's western region, offering excellent connectivity through public transport and major roads. It features a mix of schools, parks, and shopping centers, making it an ideal location for families and property investors.


Site Inclusions - Site Works, Foundations & Connections:

  • Fixed price site costs, including rock excavation.

Internal Inclusions:

  • Timber laminate flooring in common areas.
  • Carpet in bedrooms.
  • 2590mm ceiling height.
  • Flush panel internal doors with lever handles.

External Inclusions:

  • Concrete roof tiles.
  • Colorbond fascia, guttering, and downpipes.
  • Brickwork with rolled mortar joints.

Landscaping Inclusions:

  • Fully landscaped front and rear yards with turf, plants, mulch, and toppings.
  • Timber fencing and side gate.

Electrical Inclusions:

  • LED downlights throughout.
  • Hardwired smoke detectors with battery backup.
  • Split system air conditioning in the living area.

Appliance Inclusions:

  • 900mm stainless steel upright cooker and rangehood.
  • Stainless steel dishwasher.
  • Caesarstone benchtops in the kitchen with laminate cabinets.

Energy Efficiency:

  • Solar hot water system with gas booster.
  • 6-star energy rating.
  • Insulation to walls and ceilings.

Warranties:

  • Three-month maintenance warranty.
  • Ten-year structural warranty.


This turnkey property offers modern finishes and practical inclusions, making it an ideal investment or family home in the growing suburb of Melton South.

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.

Documents

Lot 515 Pintail Drive, Melton South, VIC 3338_1736489902nusgt.pdf

Address Lot 515 Pintail Drive, Melton South VIC
City Melbourne
State VIC
Postcode 3338
Suburb N/A

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Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.

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.

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