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Overview
Property ID: LA-10850
- Co-Living
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Feb 14, 2025 at 11:25 am
Property Type: | Co-Living |
---|---|
Price: | $ 820,700 |
Land Price: | $ 429,900 |
Build Price: | $ 390,800 |
Gross Per Week: | $ 1,250 |
Gross Per Annum: | $ 65,000 |
Gross Yield: | 7.92% |
Capital Growth 12 Months: | 0.15% |
Capital Growth 10 Year Annualised: | 4.73% |
Vacancy Rate: | 2.46% |
Property Size: | 205 m2 |
Land Area: | 400 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 10850 |
SKU: | 1029 |
Description
This co-living property is a fully turnkey investment opportunity located in Armstrong Estate, Mount Duneed. It features a modern five-bedroom, five-bathroom home with a double garage, designed to cater to the growing demand for shared living spaces. The property offers high-quality finishes and a well-planned layout to ensure comfort and privacy for occupants.
Suburb profile:
Mount Duneed is a fast-growing suburb in Victoria, known for its proximity to Geelong and the Surf Coast. It is a sought-after location due to its excellent connectivity, planned infrastructure developments, and a strong rental demand driven by young professionals and families. With easy access to transport, shopping, schools, and recreational amenities, Mount Duneed offers a balanced lifestyle between city and coastal living.
Site Inclusions - Site Works, Foundations & Connections:
- Fixed Price Site Costs including Rock Excavation
Preliminary Inclusions:
- Engineer Designed Slab/Foundations
- Independent Quality Inspections
- Full House Clean on Completion
- 3 Month Maintenance Period
- Home Owners Warranty
- 10 Year Structural Warranty
Internal Inclusions:
- Engineered Waffle Slab
- Pine Wall Frames and Roof Trusses
- 2590mm Ceiling Height to Single Storey
- 2590mm Ceiling Height to Ground Floor and 2440mm to First Floor of a Double Storey
- Plasterboard Walls, Ceilings, and Cornice
- 67mm Single Bevel Architrave and Skirting
- 75mm Scotia Cornice
- 2040mm High Flush Panel Internal Doors
- Lever Door Handles
- Obscure Glazing to Ensuite, Bathroom, and WC
- Aluminium Sliding Windows
- Window Locks on all Openable Windows
- Venetians to Front Windows, Roller Blinds to remaining Clear Glazed Windows (excluding stairwell) and Sliding Doors
- 3 Coat Paint System throughout
- Gloss Enamel Paint to Architrave and Skirting
External Inclusions:
- Concrete Roof Tiles
- Colorbond Fascia, Gutter, and Downpipes
- Bricks with Natural Colour Mortar and Rolled Joints
- Brickwork above Windows on Front Facade
- Painted Infills above Garage Door and all Windows and Doors to Sides and Rear
- Plaster Ceiling to Porch and Outdoor Living (if applicable)
- Two-Part Termite Treatment
- Colour Through Concrete Driveway and Path to Porch
- Letterbox with Numbers
- Colorbond Sectional Panelift Garage Door with Motor and Two Remote Controls
- Weatherproof Door to Rear of Garage (plan specific)
- Flush Panel Garage/House Access Door (plan specific)
- Concrete Garage Floor
Landscaping Inclusions:
- Combination of Turf, Plants, Mulch, and Toppings to Front and Rear Yards
- Irrigation Connected to Two Garden Taps with Timers
- Compacted Paths around Perimeter of House
- Timber Fencing, including Wing Fence and Gate, to all Boundaries
- Nature Strips Levelled and Seeded
- Clothesline
Electrical Inclusions:
- Double Power Points throughout
- LED Downlights throughout
- Single Weatherproof LED Flood Light with Sensor outside Laundry
- Hardwired Smoke Detectors with Battery Backup
- Two TV Points
- One TV Antenna (estate specific)
- Two Phone Points
Optional $32,990 Furniture package includes
- 5 x Queen Beds with Mattresses
- Drawers, Side Tables & Lamps
- Sofa, TV Unit, Coffee Table, Armchair
- TV & Internet Modem
- Dining Table & Chairs
- Kitchen & Laundry Appliances
- Full Cookware & Cutlery Set
Appliance Inclusions:
- 900mm Stainless Steel Upright Cooker
- 900mm Stainless Steel Canopy Rangehood
- Stainless Steel Dishwasher
- 20mm Caesarstone Benchtops with 20mm Square Edge
- Laminate Base and Overhead Cabinets
- Stainless Steel Double Bowl Sink
- Mixer Tap
- Tiled Splashback
- Four Melamine Shelves to Pantry
Energy Efficiency:
- 6 Star Energy Rating
- Solar Hot Water Service with Gas Booster
- Insulation to Walls and Ceilings
- Self-sealing Exhaust Fans Positioned above all Showers
- External Venting to all Exhaust Fans and Rangehoods
Warranties:
- 3 Month Maintenance Period
- Home Owners Warranty
- 10 Year Structural Warranty
This co-living property in Mount Duneed presents an attractive investment opportunity with a fully turnkey package, modern design, and premium inclusions. Its strategic location in a high-growth suburb ensures strong rental demand and potential capital growth.
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.