Lot 602 Powlett Ridge, Wonthaggi VIC

Description

This co-living property located in Powlett Ridge, Wonthaggi VIC, offers an ideal investment opportunity with a dual-income configuration. The home is designed for shared living, featuring five bedrooms and five bathrooms, each equipped for independent use. Set on a spacious 615 sqm land with a total dwelling area of 201 sqm, the property is expected to title in May 2025 and comes as a turnkey solution ready for tenants upon completion.

Suburb profile:

Wonthaggi is a growing regional town in Victoria’s Bass Coast Shire, approximately 130 km southeast of Melbourne. It is known for its coastal proximity, healthcare services, and expanding residential developments. The area offers a blend of lifestyle and investment appeal, with access to schools, shops, and recreational facilities.

Site Inclusions - Site Works, Foundations & Connections:

• Connection to stormwater and sewer within lot boundary
• Three phase underground power provision up to 10m
• Same side dry water tapping
• NBN basic connection including cable, data point, and conduit
• Class H2 concrete slab with fall allowance of up to 500mm
• Temporary fencing, silt fence, termite treatment
• BAL 12.5 if required
• Allowance for rock excavation
• Lot specific level 1 compaction report may be required if fill is shown

Preliminary Inclusions:

• Council and authority information ordered
• Full set of working drawings and engineering design
• Energy rating report with allowance for 7-star compliance
• Colour selections from pre-selected boards

Internal Inclusions:

• 10mm plaster walls and ceilings, 75mm cove cornices
• Flush panel hinged doors, lever door furniture
• Built-in robes with sliding doors, MDF skirtings and architraves
• Holland blinds to all windows
• Schlage Level Lock Ease digital door locks to all bedroom doors
• Washable low-sheen wall paint, semi-gloss enamel to timberwork
• Draft seals to all internal and garage doors
• 2040mm solid core doors throughout
• Acoustic insulation between bedroom suite walls
• 2550mm ceiling height
• Emergency laminated exit plan in each suite
• External Inclusions:
• Clay brickwork and acrylic render
• Double glazed aluminium framed windows and sliding doors
• Flyscreens to all windows, hinged and sliding doors
• Colorbond roof with sarking, fascia and gutters
• Garage with sectional overhead Colorbond door and remote controls
• Aluminium external doors and digital front entry lock
• Brick letterbox enclosure
• Full perimeter 450mm eaves
• Fencing to individual bedroom courtyards
• Individual clotheslines

Landscaping Inclusions:

• Front and rear landscaping
• Coloured concrete driveway and front path with non-slip finish

Electrical Inclusions:

• LED downlights throughout
• Power points throughout, TV and data point in each bedroom and communal area
• Digital TV antenna with booster and splitter
• Two pre-wired telephone points
• Up/down LED porch lights, weatherproof para floodlight to rear
• Exhaust fans to all showers and toilets ducted to external air
• Hardwired smoke detectors with battery backup
• RCD safety switch and circuit breakers
• Individual circuits and switchboards per bedroom suite and garage
• 3.1kw 3-phase hybrid solar PV system
• Emergency exit lighting

Appliance Inclusions:

• Omega 600mm under bench oven with side-opening door
• Omega 600mm induction cooktop
• Omega 600mm stainless steel canopy rangehood
• Omega 600mm stainless steel dishwasher
• Radiant stainless steel double bowl inset sink
• Arlo chrome sink mixer
• Radiant kitchenette sink

Upgraded Inclusions:

• Split system air conditioning to each bedroom and communal area
• Commercial washing machine provision
• Accessible bathroom with 12mm structural ply wall lining
• Care range tapware and fittings in accessible ensuite
• Builders range accessible towel rails, toilet, and mixers

Energy Efficiency:

• 7-star energy rating
• R4.0 ceiling batts and R2.0 external wall insulation
• Sealed wall wrap around openings
• Double glazing throughout
• Heat pump hot water systems (2x Chromagen Midea 280L)
• Solar PV system battery ready

This co-living property in Wonthaggi presents a well-appointed investment with high-spec turnkey inclusions, ideal for shared living arrangements. With its energy-efficient design, modern finishes, and strong rental potential, it is a suitable asset for investors targeting yield and tenant demand.

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