Lot 542 Wharfedale Crescent, Lara VIC

City of Greater Geelong, VIC, 3212

$ 621,018

City of Greater Geelong, VIC, 3212
Lot 542 Wharfedale Crescent, Lara VIC-0
Lot 542 Wharfedale Crescent, Lara VIC-1
Lot 542 Wharfedale Crescent, Lara VIC-2
Lot 542 Wharfedale Crescent, Lara VIC-3

Property Images

Lot 542 Wharfedale Crescent, Lara VIC-0 Lot 542 Wharfedale Crescent, Lara VIC-1 Lot 542 Wharfedale Crescent, Lara VIC-2 Lot 542 Wharfedale Crescent, Lara VIC-3

Overview

Property ID: LA-9203

  • Co-Living
  • Property Type
  • 3
  • Bedrooms
  • 3
  • Bathrooms
  • 1
  • Cars
  • 139

Details

Updated on Jan 20, 2025 at 09:34 am

Property Type: Co-Living
Price: $ 621,018
Land Price: $ 265,000
Build Price: $ 356,018
Gross Per Week: $ 840
Gross Per Annum: $ 43,680
Gross Yield: 7.03%
Capital Growth 12 Months: -0.78%
Capital Growth 10 Year Annualised: 6.29%
Vacancy Rate: 2.14%
Property Size: 139 m2
Land Area: 221 m2
Bedrooms: 3
Bathrooms: 3
Parking: 1
Title Status: Titled
Property ID: 9203
SKU: 1048

Description

The property offers a modern single-storey home located in the thriving suburb of Lara within the Austin Estate. It features a well-thought-out layout suitable for families or multi-generational living. With premium inclusions and energy-efficient features, the property is designed for comfort and sustainability, making it an attractive investment opportunity.

Suburb Profile:

Lara is situated in Victoria’s Greater Geelong Region, offering excellent connectivity to Melbourne and Geelong. It is known for its family-friendly environment, proximity to schools, shopping centers, parks, and recreational facilities. The suburb provides a blend of suburban living with easy access to urban amenities, making it an attractive location for both homeowners and investors.


Site Inclusions - Site Works, Foundations & Connections:

  • Fixed site costs, including Class P slab and piering.
  • Rock extraction and removal guarantee.
  • Connections to electricity, water, gas, sewer, and stormwater.

Preliminary Inclusions:

  • Pre-site inspection.
  • Soil report and contour survey.
  • Developer approvals and building permits.
  • BAL 12.5 compliance.

Internal Inclusions:

  • 2590mm ceiling height.
  • 20mm stone benchtops in kitchen, bathrooms, and laundry.
  • Soft-close cabinetry.
  • LED downlights.
  • Ducted heating.
  • Laminate flooring in living areas.
  • Carpets in bedrooms.
  • Three-coat paint system.

External Inclusions:

  • Colorbond roof.
  • Fully rendered façade.
  • Eaves to the front façade.
  • Outdoor taps.
  • Aluminum sliding windows with locks.
  • Engineered pine framing.

Landscaping Inclusions:

  • Front, side, and rear landscaping with drip irrigation system.
  • Exposed aggregate driveway.
  • Full fencing.
  • Letterbox and clothesline.

Electrical Inclusions:

  • NBN-ready.
  • Multiple data points.
  • Safety switches.
  • Smoke detectors.
  • Porch and garage lighting.
  • Floodlights for external areas.

Appliance Inclusions:

  • 900mm in-built oven.
  • Cooktop.
  • Canopy rangehood.
  • Stainless steel dishwasher.

Upgraded Inclusions:

  • Split system air conditioner in the living room.
  • Blinds and flyscreens for all windows.

Energy Efficiency:

  • 7-star energy rating.
  • Solar panels if required.
  • Upgraded roof ventilation.
  • Energy-efficient appliances.


This modern turnkey home package in Lara's Austin Estate combines affordability with premium inclusions and energy efficiency, providing a low-maintenance and high-yield investment opportunity.

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

Co-Living Rental Appraisal (VIC) - Lot 542 Wharfdale Crescent, Lara - Austin Estate - Nov 24_1732860766fzvIM.pdf

Address Lot 542 Wharfedale Crescent, Lara VIC
City City of Greater Geelong
State VIC
Postcode 3212
Suburb N/A

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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.

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