Lot 62 Panorama Estate, Morwell VIC

Description

This is a co-living investment property located in Panorama Estate, Morwell VIC. It features a large 5-bedroom, 5-bathroom, 2-garage layout designed specifically for co-living, offering individual ensuite bedrooms, private courtyards, and shared communal areas. The dwelling size is approximately 299.98 m² situated on an 736 m² lot. The property is expected to title in January 2025.

Suburb profile

Morwell is located in the Latrobe Valley of Victoria and is part of the Gippsland region. It is a key regional hub with a strong presence in energy production and services. The area offers access to local amenities including public transport, shopping centres, and educational institutions, and is positioned to benefit from ongoing regional development initiatives.

Site Inclusions - Site Works, Foundations & Connections:

• Includes connection to stormwater and sewer points within the building lot
• Three phase underground power provision up to 10m
• Same side dry water tapping included
• NBN basic, cable, telephone points, one data point, NBN conduit and connection point
• Class H2 concrete slab with fall of land up to 500mm
• Supply and hire of temporary fencing to site
• Supply and hire of environmental silt fence to front of property
• Rock excavation and removal allowance
• Termite spray system where required
• Home to be sited minimum three meters off easement
• BAL 12.5 included if required

Preliminary Inclusions:

• Builder to order all council and authority property information
• Full set of sited working drawings
• Full set of structural and civil engineering design
• Energy rating report with allowance for 7-star requirements
• Colour selection via pre-selected colour boards

Internal Inclusions:

• Walls and ceiling 10mm plaster, wet areas with water resistant plaster
• 2040mm high flush panel hollow core doors
• Lever door furniture
• Smart robe sliding doors with satin chrome track
• 67x18mm single beveled primed MDF skirtings and architraves
• Digital smart locks to each bedroom door
• Draft seals to entry and internal access doors
• Single holland blinds to all windows
• Semi-gloss enamel and low-sheen acrylic paint finishes
• Flat acrylic ceiling paint
• R4.0 ceiling insulation batts
• R2.0 wall insulation batts
• Engineered prefabricated pine wall frame and roof trusses
• 2550mm ceiling height throughout
• Hybrid vinyl timber-look flooring to entry, hallways, kitchen and bedroom suites
• TV and data points to each bedroom and communal area
• Digital TV antenna including booster and splitter
• Split system air conditioner to each bedroom and communal area
• Melamine modular cabinetry
• Laminate benchtops
• One white melamine shelf with hanging rail to robes
• 2040mm high robe and pantry/linen doors
• Stainless steel tub with melamine cupboard in laundry
• Wall and floor tiling to ensuite, bathroom, WC and laundry
• Accessible bathroom with structural ply lining in walls

External Inclusions:

• Clay brick to single storey and ground floor areas
• Natural colour rolled mortar joints
• Acrylic texture render as per plan
• Brick infills over all windows and doors
• Hume XN1 front entry door with clear glazing
• Digital smart lock to entry door
• 2040x970mm external doors
• Powder coated double glazed aluminium framed windows and sliding doors
• Flyscreens to all opening windows and external doors
• Colour-through concrete driveway and front porch
• Full perimeter 450mm eaves with cement sheet soffits
• Colorbond sectional garage door with remote controls
• Colorbond roof, fascia, gutter and downpipes
• Front and rear garden taps
• Panel lift garage door with remote
• Aluminium powder coat door frames

Landscaping Inclusions

• Full share boundary and wing fencing
• Front and rear landscaping
• Coloured concrete driveway and front path with non-slip broom finish

Electrical Inclusions

• LED downlights throughout
• Recessed external downlight at front entry and para flood light to rear
• Double power points throughout
• RCD safety switch and circuit breakers
• Individual circuits and switchboards to each bedroom suite and garage
• 3.1kw 3-phase hybrid (battery ready) PV solar system
• Hardwired smoke detectors with battery backup
• Exhaust fans above all showers and toilets

Appliance Inclusions:

• 600mm under bench oven with side-opening door
• 600mm induction cooktop
• 600mm stainless steel canopy rangehood
• 600mm stainless steel dishwasher
• Double bowl stainless steel inset sink
• Chrome sink mixer
• Kitchenette sink and cabinetry

Upgraded Inclusions:

• Internal fencing for secluded courtyards
• Individual clotheslines to each bedroom suite
• Solid core doors
• Acoustic insulation between bedroom suites
• Draft seals for bedroom doors
• Interconnected smoke alarms
• Emergency exit lighting and plans
• Laundry space suitable for commercial machine
• Wifi connectivity to digital door locks
• Three hot water units in lieu of standard two

Energy Efficiency:

• 7-star energy rating
• Double glazed windows
• R4.0 ceiling insulation
• R2.0 wall insulation
• 3.1kw hybrid solar system

This co-living property in Morwell VIC presents an excellent opportunity for investors seeking a high-yield, low-maintenance asset. With individual ensuite bedrooms, upgraded energy and safety features, and a turnkey finish, it is purpose-built for shared accommodation living.

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