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Overview
Property ID: LA-10518
- Co-Living
- Property Type
- 3
- Bedrooms
- 3
- Bathrooms
- 1
- Cars
- 138
Details
Updated on Feb 11, 2025 at 10:54 am
Property Type: | Co-Living |
---|---|
Price: | $ 671,477 |
Land Price: | $ 307,000 |
Build Price: | $ 364,477 |
Gross Per Week: | $ 840 |
Gross Per Annum: | $ 43,680 |
Gross Yield: | 6.51% |
Capital Growth 12 Months: | 0.85% |
Capital Growth 10 Year Annualised: | 6.02% |
Vacancy Rate: | 2.30% |
Property Size: | 138 m2 |
Land Area: | 263 m2 |
---|---|
Bedrooms: | 3 |
Bathrooms: | 3 |
Parking: | 1 |
Title Status: | Titled |
Property ID: | 10518 |
SKU: | 1048 |
Description
This single-storey home and land package in Mickleham’s Merrifield Estate offers a modern, turnkey solution ideal for investors or owner-occupiers. The Clayton 15 home design with the Hart façade includes premium inclusions such as a Colorbond roof, stone benchtops, ducted heating, and a split-system air conditioner. Located in a high-growth area, this property is designed for comfort, energy efficiency, and contemporary living.
Suburb profile:
Mickleham is a rapidly growing suburb in Northern Melbourne, approximately 30km from Melbourne CBD. It is part of the Merrifield Estate, a master-planned community offering access to schools, shopping precincts, parks, and transport links. With a strong focus on infrastructure development, Mickleham presents significant investment potential and an attractive lifestyle for families and professionals.
Site Inclusions - Site Works, Foundations & Connections:
- Fixed site costs including P-Class slab and piering
- Peace of mind rock extraction and removal guarantee
Preliminary Inclusions:
- Four independent building inspections throughout the build process
- 7-year structural guarantee
- 3-month maintenance inspection and warranty
Internal Inclusions:
- 2590mm ceiling height
- 20mm stone benchtops in kitchen, bathrooms, and laundry
- Timber laminate flooring in living, entry, and passageways
- Carpets to all bedrooms
- Soft-close cabinet doors and drawers in kitchen and bathrooms
- LED downlights throughout internal rooms and porch
- Ducted heating throughout the home
- Three-coat paint system
- Blinds and flyscreens on all windows
External Inclusions:
- Colorbond roof and fully rendered façade
- Concrete driveway and porch (colour through)
- Full fencing, clothesline, letterbox, and TV antenna
Landscaping Inclusions:
- Front, side, and rear landscaping with a drip irrigation system
Electrical Inclusions:
- Fibre optic ready (NBN network or equivalent)
- Porch lighting and external floodlights
- Safety switches and circuit breakers
- Smoke detectors (hard-wired with battery backup)
Appliance Inclusions:
- 600mm in-built oven, cooktop, and canopy rangehood
- Stainless steel dishwasher
Upgraded Inclusions:
- Split-system air conditioner in the living room
Energy Efficiency:
- 7-star energy efficiency rating
- Solar panels (if required)
- Bushfire Attack Level (BAL) 12.5 compliant (if required)
Warranties
- 7-year structural guarantee
- 3-month maintenance warranty
- Four independent quality inspections during construction
This fixed-price home and land package in Mickleham’s Merrifield Estate is an excellent investment opportunity, offering premium inclusions, energy efficiency, and a stress-free building process. With a strong location in a high-growth area, this property is ideal for investors and families seeking a modern home with great amenities.
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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Lot 642 Swilk Cres, Mickleham VIC
Melbourne, VIC, 3064ENQUIRE ABOUT THIS PROPERTY
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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.