Sold Featured Co-Living Rental Guarantee

Lot 78 Harmon Drive, Drouin VIC

West Gippsland , VIC, 3818

$ 913,000

Sold Featured Co-Living Rental Guarantee
West Gippsland , VIC, 3818
Lot 78 Harmon Drive, Drouin VIC-0
Lot 78 Harmon Drive, Drouin VIC-1

Property Images

Lot 78 Harmon Drive, Drouin VIC-0 Lot 78 Harmon Drive, Drouin VIC-1

Overview

Property ID: LA-10533

  • Co-Living
  • Property Type
  • 6
  • Bedrooms
  • 6
  • Bathrooms
  • 2
  • Cars
  • 213

Details

Updated on Apr 10, 2025 at 01:18 pm

Property Type: Co-Living
Price: $ 913,000
Land Price: $ 310,000
Build Price: $ 603,000
Gross Per Week: $ 1,980
Gross Per Annum: $ 102,960
Gross Yield: 11.28%
Capital Growth 12 Months: -3.88%
Capital Growth 10 Year Annualised: 6.51%
Vacancy Rate: 0.37%
Property Size: 213 m2
Land Area: 560 m2
Bedrooms: 6
Bathrooms: 6
Parking: 2
Title Status: Titled
Property ID: 10533
SKU: 1026

Description

This premium co-living house and land package in Drouin, VIC, offers a modern investment opportunity with a 6-bedroom, 6-bathroom layout. The property is designed to maximize rental yield with flexible living spaces, a fully equipped kitchen, and a co-living-friendly layout. The package includes an optional furniture pack, turnkey features, and a 6-year rental guarantee, making it an attractive choice for investors.

Suburb Profile:

Drouin is a fast-growing town located in West Gippsland, approximately 90km east of Melbourne. Known for its blend of rural charm and modern amenities, the suburb features excellent schools, parks, shopping centers, and transport links, including a direct train to Melbourne CBD. With strong population growth and increasing infrastructure investment, Drouin presents a high-potential investment market.


Site Inclusions - Site Works, Foundations & Connections:

  • Sewerage connected to the legal point
  • Stormwater connected to the council’s legal point of discharge
  • Electricity connected to the underground supply
  • Gas supply extension provided by the authority
  • Telephone points wired with provision for connection

Preliminary Inclusions:

  • Working drawings for a single dwelling
  • Engineering reports
  • Energy report
  • Soil report and site survey
  • Developer’s approval
  • Building permit

Internal Inclusions:

  • 2040mm x 820mm flush panel internal doors
  • Lever door handles
  • 2550mm ceiling height standard (Option to increase to 2700mm for $5,000)
  • Split system air conditioning to all bedrooms
  • 3-coat high gloss paint on timber doors and woodwork

External Inclusions:

  • Solid external entry door 2040mm x 820mm
  • Deadlocks for external doors
  • Colorbond roof, gutters, and downpipes
  • Bricks and cladding from the builder's standard range
  • Concrete driveway and footpaths

Landscaping Inclusions:

  • Full landscaping including turf, plants, and mulch
  • Clothesline
  • Letterbox

Electrical Inclusions:

  • LED downlights throughout (up to 25 lights)
  • Hardwired smoke detectors
  • TV and telephone points
  • External LED floodlight
  • Exhaust fans in bathrooms

Appliance Inclusions:

  • 900mm stainless steel oven
  • 900mm stainless steel rangehood
  • 900mm stainless steel cooktop
  • 600mm stainless steel dishwasher

Upgraded Inclusions:

  • Increase Ceiling Height to 2700mm for only $5k on top of build price0
  • Furniture Package for $31,900

Furniture Pack Inclusions:

  • Queen or double bed, bed frame, bedside tables, and lamps for each bedroom
  • Mattress, pillows, quilt cover, and sheet set
  • TV (wall-mounted) for each bedroom
  • Kitchenette and dining furniture, including a fridge, microwave, induction cooker, and starter pack
  • Washing machine, cleaning starter set, vacuum cleaner, and mop
  • Outdoor table set and gardening services

Energy Efficiency:

  • 6-star energy rating
  • Solar hot water system
  • R3.5 insulation batts to ceilings, R2.0 to walls

Warranties:

  • 6-year rental guarantee (terms and conditions apply)


This fully turnkey co-living investment property in Drouin, VIC, provides a unique rental opportunity with a 6-bedroom, 6-bathroom layout, premium inclusions, and a furniture package. The package includes a 6-year rental guarantee, making it a high-yield, low-maintenance investment in a growing regional market.

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

view?usp=drive_link

Rental Guarantee

Lot 78 Rental Appraisal_17385505678GrY7.pdf

Rental Appraisal

Address Lot 78 Harmon Drive, Drouin VIC
City West Gippsland
State VIC
Postcode 3818
Suburb N/A

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Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.

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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