Lot S1006 Wasim Circuit, Accolade Estate, Rockbank VIC

Melbourne, VIC, 3335

$ 885,442

Melbourne, VIC, 3335
Lot S1006 Wasim Circuit, Accolade Estate, Rockbank VIC-0
Lot S1006 Wasim Circuit, Accolade Estate, Rockbank VIC-1

Property Images

Lot S1006 Wasim Circuit, Accolade Estate, Rockbank VIC-0 Lot S1006 Wasim Circuit, Accolade Estate, Rockbank VIC-1

Overview

Property ID: LA-7549

  • House and Land
  • Property Type
  • 3
  • Bedrooms
  • 3
  • Bathrooms
  • 2
  • Cars
  • 221

Details

Updated on Nov 04, 2024 at 12:55 pm

Property Type: House and Land
Price: $ 885,442
Land Price: N/A
Build Price: N/A
Gross Per Week: $ 1,050
Gross Per Annum: $ 54,600
Gross Yield: 6.17%
Capital Growth 12 Months: 0.81%
Capital Growth 10 Year Annualised: 5.38%
Vacancy Rate: 12.02%
Property Size: 221 m2
Land Area: 470 m2
Bedrooms: 3
Bathrooms: 3
Parking: 2
Title Status: Titled
Property ID: 7549
SKU: 1014

Description

This co-living house and land package located at Lot 1006 Wasim Circuit, Rockbank, VIC offers an investment opportunity with a modern 3-bedroom, 3-bathroom layout across 221.90 m² of house space on a 470 m² land block. It includes a double garage and has been designed with investors in mind, with strong rental returns and turnkey inclusions that make it ready for immediate tenancy. The property is situated in the Accolade Estate, a developing suburb in the high-growth region of Western Melbourne.

Suburb profile:

Rockbank, VIC is located approximately 29 kilometers west of Melbourne’s CBD in a rapidly expanding residential area. It is positioned close to major transportation links, including the Western Freeway, and is benefiting from new infrastructure and residential developments, making it an attractive option for property investors seeking growth and rental yield.


Site Inclusions:

  • Site survey, soil test, and site inspections.
  • Building permit application and fees.
  • Drafting of plans.
  • Connection to mains power supply and underground services.
  • Foundations built to engineer’s design.

Preliminary Inclusions:

  • Temporary fencing and scaffolding during construction.
  • Homeowner's warranty insurance.
  • Bushfire compliance up to BAL 12.5.
  • Recycled water connection if available.

Internal Inclusions:

  • 10mm plasterboard to walls and ceilings.
  • LED downlights throughout.
  • Stone benchtops in the kitchen.
  • Carpet and tiled flooring.
  • Holland blinds throughout.

External Inclusions:

  • Colorbond roofing, fascia, and gutters.
  • Aluminum windows with flyscreens.
  • Front door and garage entry door locksets.
  • Landscaping to front and rear.
  • Full-share fencing around the property.

Landscaping Inclusions:

  • Front and rear landscaping with drought-resistant plants.
  • Colored concrete driveway.
  • Rear lawn area with fold-out clothesline.

Electrical Inclusions:

  • Double power points throughout.
  • Two TV points.
  • Hardwired smoke detectors with battery backup.

Appliance Inclusions:

  • 600mm electric oven and cooktop.
  • Dishwasher.

Upgraded Inclusions:

  • Stone benchtops (zero silica) in all wet areas.
  • Refrigerated heating and cooling.

Energy Efficiency:

  • 7-star energy rating compliance with insulation.
  • Reverse cycle ducted split system for heating and cooling.

Warranties:

  • Three-month maintenance guarantee.
  • Homeowner's warranty insurance.

Other Details:

  • Located in the Accolade Estate, a premium development in the Western Melbourne region.
  • Ready to move in with turnkey inclusions and minimal maintenance required.


This property presents a highly attractive investment in the growing suburb of Rockbank, VIC. With its modern design, comprehensive inclusions, and co-living focus, it offers both strong rental returns and long-term growth potential.

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.

Address Lot S1006 Wasim Circuit, Accolade Estate, Rockbank VIC
City Melbourne
State VIC
Postcode 3335
Suburb N/A

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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.

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