Lot S1108 Lily Drive, Wallan VIC

Description

This is a co-living investment property featuring three bedrooms, each with a private ensuite, making it ideal for shared living arrangements. The home has a 7-star energy rating and includes full turnkey features. It is situated on a 399m² block in Springridge Estate, Wallan, and designed for investor appeal with low maintenance and high rental yield potential.

Suburb profile

Wallan is a rapidly growing suburb in Victoria located approximately 45 minutes north of Melbourne CBD. Popular with families and investors alike, Wallan offers an affordable entry point into the property market while being well connected via the Hume Freeway and V/Line train services. The area boasts a range of schools, shopping centres, and planned future developments, enhancing its long-term capital growth prospects.

Site Inclusions

• Fixed Price Site Costs including Rock Excavation
• Engineered waffle slab
• Pine wall frames and roof trusses
• All service connections (excluding consumer account opening and fibre optic connection if applicable)

Preliminary Inclusions

• All permits as required by building regulations
• Survey and drafting plans
• Design guidelines fixed
• Engineer-designed slab/foundations
• Independent quality inspections
• Full house clean on completion

Internal Inclusions

• 2590mm ceiling height
• 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 with locks
• Venetians to front windows, roller blinds to other clear glazed windows and sliding doors
• Three-coat paint system
• Gloss enamel paint to architraves and skirtings
• Flyscreens to openable windows
• Barrier doors to sliding doors
• Tiles to wet areas, timber laminate to entry and living areas, carpet to other areas
• Laundry trough and cabinet
• Mixer tap to laundry
• Tiled splashback in laundry

External Inclusions

• Concrete roof tiles
• Colorbond fascia, gutter and downpipes
• Bricks with rolled joints and natural colour mortar
• Brickwork above windows to front façade only
• Painted infills above garage door and side/rear windows
• Plaster ceiling to porch
• Two-part termite treatment
• Colour through concrete driveway and path to porch
• Letterbox with numbers
• Colorbond sectional garage door with motor and 2 remote controls
• Weatherproof rear door to garage
• Flush panel garage/house access door
• Concrete floor in garage
• 2040mm x 820mm front entry door with clear glazing
• Double cylinder deadbolt and entrance set

Landscaping Inclusions

• Turf, plants, mulch, and toppings to front and rear yards
• Irrigation connected to two garden taps with timers
• Compacted paths around perimeter
• Timber fencing including wing fence and gate to all boundaries
• Nature strip levelled and seeded
• Clothesline

Electrical Inclusions

• Double power points throughout
• LED downlights throughout
• Single weatherproof LED flood light with sensor
• Hardwired smoke detectors with battery backup
• 2 TV points
• 1 TV antenna (estate specific)
• 2 phone points

Appliance Inclusions

• 900mm stainless steel upright cooker
• 900mm stainless steel canopy rangehood
• Stainless steel dishwasher
• Stainless steel double bowl sink
• Mixer tap
• Tiled kitchen splashback
• Melamine pantry shelving
• 20mm Caesarstone benchtops with square edge
• Laminate base and overhead cabinets with bulkhead

3 beds - Optional $24,990 Furniture package includes

• 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

Upgraded Inclusions

• 2590mm ceiling height
• Barrier doors to all sliding doors
• Roller blinds and venetians
• Colour-through concrete driveway
• Front landscaping and fencing
• Split system air-conditioning
• Gas ducted heating

Energy Efficiency

• 7-Star Energy Rating
• Solar hot water system with gas booster
• Insulation to walls and ceilings
• Self-sealing and externally vented exhaust fans and rangehoods

Warranties:

• 3-month maintenance period
• Home owners warranty
• 10-year structural warranty

This co-living property in Wallan presents a high-yield investment opportunity with modern turnkey features and a strong focus on energy efficiency. It is well suited for investors seeking shared accommodation options in a growing suburb near Melbourne.

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