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Overview
Property ID: LA-9903
- Co-Living
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Feb 12, 2025 at 03:47 pm
Property Type: | Co-Living |
---|---|
Price: | $ 792,200 |
Land Price: | $ 375,000 |
Build Price: | $ 417,200 |
Gross Per Week: | $ 1,150 |
Gross Per Annum: | $ 59,800 |
Gross Yield: | 7.55% |
Capital Growth 12 Months: | -0.86% |
Capital Growth 10 Year Annualised: | 6.78% |
Vacancy Rate: | 4.55% |
Property Size: | 205 m2 |
Land Area: | 470 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 9903 |
SKU: | 1029 |
Description
This property is a 5-bedroom, 5-bathroom home with a 2-car garage, located in Skylark Rise Estate, Lot 532 Uplands Crescent, Melton South. The total house area is 205.75m², and the land area is 470m². The package is priced at $792,200, with a land price of $375,000 and a build price of $417,200. The property follows a 2-part contract structure and has an expected title date of November 2024. The house has a contemporary design with modern finishes and a full turnkey price, including landscaping, fencing, and a driveway. It features a high ceiling height of 2590mm and is equipped with high-quality appliances and fittings.
Suburb profile:
Melton South is a growing suburb in Melbourne's west, offering a mix of residential and commercial developments. It is well-connected by public transport, including the Melton train station, and has access to major roads such as the Western Freeway. The suburb is known for its family-friendly environment, with parks, schools, and shopping centers nearby. Melton South is experiencing rapid development, making it an attractive location for homebuyers and investors.
Site Inclusions - Site Works, Foundations & Connections:
- Fixed-price site costs, including rock excavation.
Preliminary Inclusions:
- Engineer-designed slab/foundations.
- All required permits.
- Survey and drafting plans.
- Independent quality inspections.
Internal Inclusions:
- 2590mm ceiling height.
- 2040mm high flush panel doors.
- 67mm single bevel architrave and skirting.
- 75mm Scotia cornice.
- Engineered waffle slab.
- Pine wall frames and roof trusses.
- Plasterboard walls, ceilings, and cornices.
- Melamine shelves with hanging rails in bedroom robes.
- Obscure glazing to ensuite, bathroom, and WC.
- Aluminum sliding windows with keyed locks.
- Venetians to front windows and roller blinds to other clear glazed windows (except stairwell).
- 3-coat paint system throughout.
- Gloss enamel paint for architraves and skirting.
- Flyscreens on all openable windows.
- Barrier doors on all sliding doors.
External Inclusions:
- Concrete roof tiles.
- Colorbond fascia, gutter, and downpipes.
- Brickwork above windows for the front facade.
- Painted infills above garage doors and windows.
- Plaster ceiling for porch and outdoor living (if applicable).
- Two-part termite treatment.
- Color-through concrete driveway and path to the porch.
- Letterbox with house numbers.
- Weatherproof rear garage door (if applicable).
- Concrete garage floor.
- Feature front entry door with clear glazing and double-cylinder deadbolt.
Landscaping Inclusions:
- Combination of turf, plants, mulch, and toppings in the front and rear yards.
- Irrigation connected to two garden taps with timers.
- Compacted paths around the house perimeter.
- Timber fencing, including a wing fence and gate.
- Nature strips leveled and seeded.
- Clothesline installation.
Electrical Inclusions:
- Double power points throughout the house.
- LED downlights throughout.
- Single weatherproof LED flood light with a sensor outside the laundry.
- Hardwired smoke detectors with battery backup.
- Two TV points.
- One TV antenna (estate-specific).
- Two phone points.
Appliance Inclusions:
- 900mm stainless steel upright cooker.
- 900mm stainless steel canopy rangehood.
- Stainless steel dishwasher.
- 20mm Caesarstone benchtops with a square edge.
- Laminate base and overhead cabinets with bulkheads.
- Stainless steel double bowl sink with mixer tap.
- Tiled splashback.
- Melamine shelves in the pantry.
Energy Efficiency:
- 6-star energy rating.
- Solar hot water system with gas booster.
- Insulation to walls and ceilings.
- Self-sealing exhaust fans above showers.
- External venting for all exhaust fans and rangehoods.
Warranties:
- 3-month maintenance period.
- Homeowners warranty.
- 10-year structural warranty.
This modern turnkey home in Skylark Rise Estate offers spacious living with high-end inclusions, energy-efficient features, and a well-planned design. With a convenient location in the growing suburb of Melton South, it presents an excellent investment opportunity or family home.
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.
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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.