Lot S1013 Kallis Way, Rockbank VIC
Melbourne, VIC, 3335$ 863,442
Overview
Property ID: LA-8292
- House and Land
- Property Type
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Cars
- 221
Details
Updated on Nov 04, 2024 at 02:10 pm
Property Type: | House and Land |
---|---|
Price: | $ 863,442 |
Land Price: | N/A |
Build Price: | N/A |
Gross Per Week: | $ 1,050 |
Gross Per Annum: | $ 54,600 |
Gross Yield: | 6.32% |
Capital Growth 12 Months: | 0.81% |
Capital Growth 10 Year Annualised: | 5.38% |
Vacancy Rate: | 12.02% |
Property Size: | 221 m2 |
Land Area: | 392 m2 |
---|---|
Bedrooms: | 3 |
Bathrooms: | 3 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 8292 |
SKU: | 1014 |
Description
This is a co-living single contract property located in the high-growth suburb of Rockbank, Victoria. Designed for a modern co-living lifestyle, it offers significant rental potential. The property includes three bedrooms and three bathrooms with a spacious living area. The estate is titled and ready for investment, providing an attractive yield for potential investors.
Suburb profile:
Rockbank is a fast-developing suburb in Melbourne's western region, approximately 29 kilometers from the Melbourne CBD. Known for its growing infrastructure, it is popular among young professionals and families seeking affordable living with easy access to the city via road and rail networks.
Site Inclusions - Site Works, Foundations & Connections:
- Earthworks including levelling and rock excavation as required.
- Connection to mains power supply with conduit and cabling.
- Stormwater and sewer drainage.
- Term guard termite system where required.
Preliminary Inclusions:
- Site survey, soil test, building permit application.
- Temporary fencing and scaffolding during construction.
- Community infrastructure levies.
- Recycled water connection (if available).
Internal Inclusions:
- LED downlights throughout.
- Double power points, white wall switches, two TV points, and a doorbell.
- Hardwired smoke detectors with battery backup.
- RCD safety switches.
External Inclusions:
- External cladding and rendering as per design.
- Aluminium windows with flyscreens and window locks.
- Colorbond fascia, guttering, and downpipes.
- Remote control Colorbond garage door.
Landscaping Inclusions:
- Drought-resistant front garden with feature letterbox.
- Rear garden with lawn area, plants, and fold-out clothesline.
- Coloured concrete driveway and pathways.
Electrical Inclusions:
- Reverse cycle ducted split system for heating and cooling.
- Installation of light globes to all fittings.
- Data and telephone points in the kitchen and master bedroom.
Appliance Inclusions:
- 600mm fan-forced electric oven, cooktop, rangehood, and dishwasher.
- Stainless steel kitchen sink with chrome mixer.
Upgraded Inclusions:
- 20mm stone benchtops throughout (zero silica).
- Holland blinds and flyscreens.
- Full share fencing.
- Front and rear landscaping, letterbox, and clothesline.
Energy Efficiency:
- 7-star energy rating with ceiling insulation and sisalation to external walls.
- 170L heat pump hot water system.
Warranties
- Three-month maintenance guarantee.
- Homeowner warranty insurance.
This co-living property in Rockbank presents a high-yield investment with comprehensive turnkey inclusions, ready to support immediate rental income potential in a growing Melbourne suburb.
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.