Lot S1109 Bonito Street, Melton South VIC 3338

Description

A co-living property located in the Orchard Green Estate, Melton South, VIC, featuring four bedrooms and four bathrooms. This turnkey property offers high rental yields and is located in a rapidly growing area near Melbourne.

Suburb profile:

Melton South is situated approximately 35 kilometers west of Melbourne’s CBD. It combines suburban charm with modern conveniences, including shopping centers, cafes, parks, and schools. The suburb is well-connected via the Western Freeway and Melton Train Station, making it attractive for families and investors.

Site Inclusions:

• Sewerage connected to the Legal Point
• Storm-water connected to Council's Legal point of Discharge
• Electricity connected to underground supply
• Extension of gas supply to meters
• Telephone points wired and provisioned for connection

Preliminary Inclusions:

• Working Drawings
• Engineering
• Energy Report
• Site Survey
• Developer’s Approval
• Building Permit

Internal Inclusions:

• Flush panel doors, Lever handles
• Ceiling height of 2550 mm
• Split system aircon in all bedrooms

External Inclusions:

• Aluminum windows, Powder-coated
• Concrete roof tiles, Metal Fascia, Downpipes

Landscaping Inclusions:

• Outdoor table set, pegs for clothesline
• Full landscaping and fencing included

Electrical Inclusions:

• LED downlights (up to 25 lights)
• TV, telephone, and external lights

Appliance Inclusions:

• 900mm Stainless Steel Oven, Rangehood, Cooktop, Dishwasher

Furniture Pack Inclusions:

• Queen/double bed, bedside tables, TV (wall-mounted), desk, 2 seat sofa (if available), wall art
• Dining table and chairs, fridge, microwave, kitchen starter pack

Energy Efficiency:

• R3.5 Batts for ceiling
• R2.0 Batts for walls

This four-bedroom, four-bathroom co-living property in Orchard Green Estate, Melton South, offers a complete turnkey package, including landscaping, furniture, and professional photography. With an estimated gross yield of 7.29%, it represents a strong investment opportunity.

Furniture, styling, labor, and gardening package for 4-bed, 4-bath setup: $27,500 (inc GST)

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