Lot 817 Gull Street, Winter Valley VIC

Description

This is a co-living investment property located in Winter Valley, VIC, offering 5 bedrooms and 5 bathrooms with a double garage. The LEON 22 GE - 1B Summit home design sits on a 476m2 lot and features a total house area of 205.75m2. It comes as a full turnkey package, inclusive of landscaping, fencing, and driveway. The property is currently offered under a 2-part contract, with a land price of $290,000 and a build price of $425,000, bringing the total to $715,000. Estimated title date is January 2025.

Suburb profile:

Winter Valley is a growing suburb in Ballarat, Victoria, known for its residential developments and family-friendly community. The area offers access to schools, parks, shopping precincts, and public transport, making it ideal for families, professionals, and property investors seeking strong growth and rental demand.

Site Inclusions - Site Works, Foundations & Connections:

• Fixed price site costs including rock excavation

Internal Inclusions:

• Engineered waffle slab
• Pine wall frames and roof trusses
• 2590mm ceiling height to single storey
• Plasterboard walls, ceilings and cornice
• 67mm single bevel architrave and skirting
• 75mm scotia cornice
• 2040mm high flush panel doors throughout
• Lever door handles
• Obscure glazing to ensuite, bathroom and WC
• Aluminium sliding windows
• Window locks to all openable windows
• Venetians to front windows, roller blinds to other windows
• Three coat paint system throughout
• Gloss enamel paint to architrave and skirting
• Flyscreens to all openable windows
• Barrier doors to all sliding doors
• 1 melamine shelf with hanging rail to bedroom robes

External Inclusions:

• Concrete roof tiles
• Colorbond fascia, gutter and downpipes
• Bricks as per colour document
• Natural colour mortar with rolled joints
• Brickwork above windows to front façade only
• 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 2 remote controls
• Weatherproof rear garage door
• Flush panel garage/house access door (plan specific)
• Concrete garage floor
• Feature 2040mm high x 820mm wide front entry door with clear glazing
• Double cylinder deadbolt to front entry
• Entrance set to all external hinged doors and garage/house access door

Landscaping Inclusions:

• Turf, plants, mulch and toppings to front and rear yards
• Irrigation connected to two garden taps with timers
• Compacted paths around house perimeter
• Timber fencing including wing fence and gate
• 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
• 2 TV points
• 1 TV antenna
• 2 phone points

Appliance Inclusions:

• 900mm stainless steel upright cooker and canopy rangehood
• Stainless steel dishwasher
• Stainless steel double bowl sink
• Mixer tap
• Tiled splashback
• Laminate base and overhead cabinets with bulkhead
• 4 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 above all showers
• External venting to all exhaust fans and rangehoods

Warranties:

• Fixed price contract
• All permits as required
• Survey and drafting plans
• Engineer designed slab/foundations
• All service connections (excluding consumer account opening and fibre optic connection)
• Independent quality inspections
• Full house clean on completion
• 3-month maintenance period
• Home owners warranty
• 10-year structural warranty

This co-living property in Winter Valley presents a high-quality investment opportunity, offering strong rental appeal with 5 ensuited bedrooms and a full turnkey build package. Construction is supported by a 10-year structural warranty and a range of premium inclusions for long-term performance.

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