Lot S1315 Basil Drive, Wallan VIC

Mitchell Shire, VIC, 3756

$ 766,737

Mitchell Shire, VIC, 3756
Lot S1315 Basil Drive, Wallan VIC-0
Lot S1315 Basil Drive, Wallan VIC-1
Lot S1315 Basil Drive, Wallan VIC-2
Lot S1315 Basil Drive, Wallan VIC-3
Lot S1315 Basil Drive, Wallan VIC-4

Property Images

Lot S1315 Basil Drive, Wallan VIC-0 Lot S1315 Basil Drive, Wallan VIC-1 Lot S1315 Basil Drive, Wallan VIC-2 Lot S1315 Basil Drive, Wallan VIC-3 Lot S1315 Basil Drive, Wallan VIC-4

Overview

Property ID: LA-13251

  • SMSF Single Contract
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Cars
  • 205

Details

Updated on May 07, 2025 at 09:32 am

Property Type: SMSF Single Contract
Price: $ 766,737
Land Price: N/A
Build Price: N/A
Gross Per Week: $ 1,350
Gross Per Annum: $ 70,200
Gross Yield: 9.16%
Capital Growth 12 Months: -0.78%
Capital Growth 10 Year Annualised: 5.55%
Vacancy Rate: 2.86%
Property Size: 205 m2
Land Area: 400 m2
Bedrooms: 5
Bathrooms: 5
Parking: 2
Title Status: Titled
Property ID: 13251
SKU: 1029

Description

Located in the Springridge Estate at Lot 1315 Basil Drive, Wallan, this co-living property offers a full turnkey solution with modern internal and external features. The home design is the Leon 22 1B GE with a 7-star energy rating, set on a 400m2 block. The house comprises 5 bedrooms and 5 bathrooms with double garage. It has a total house area of 205m2 and boasts a north-facing orientation.

Suburb profile:

Wallan is a fast-growing suburb located approximately 45km north of Melbourne’s CBD. It offers a blend of country living with easy access to urban amenities. The suburb is popular among families and investors due to its affordability, established infrastructure, schools, transport options and ongoing residential developments.


Site Inclusions

  • Fixed price site costs including rock excavation
  • Engineer designed slab/foundations
  • All service connections
  • Independent quality inspections

Preliminary Inclusions

  • All permits as required by building regulations
  • Survey and drafting plans
  • Design guidelines fixed

Internal Inclusions

  • Engineered waffle slab
  • Pine wall frames and roof trusses
  • 2590mm ceiling height
  • Plasterboard walls ceilings and cornice
  • 67mm single bevel architrave and skirting
  • 75mm scotia cornice
  • 2040mm high flush panel doors
  • Lever door handles
  • Obscure glazing to ensuite bathroom and WC
  • Window locks to all openable windows
  • Venetians to front windows roller blinds to remaining windows
  • 3 coat paint system
  • Gloss enamel paint to architraves and skirtings
  • Flyscreens to all openable windows
  • Barrier doors to all sliding doors
  • Gas ducted heating
  • Split system air conditioning in main living and master bedroom
  • Tiles to wet areas timber laminate to entry and living areas
  • Carpet to remaining house

External Inclusions

  • Concrete roof tiles
  • Colorbond fascia gutters and downpipes
  • Bricks with natural colour mortar and rolled joints
  • Painted infills above windows and doors
  • Plaster ceiling to porch and outdoor living
  • Two-part termite treatment
  • Colour-through concrete driveway and path to porch
  • Letterbox with numbers
  • Colorbond sectional garage door with motor and remotes
  • Weatherproof rear garage door
  • Feature 2040mm x 820mm front entry door with clear glazing and deadbolt
  • External entrance sets to all hinged and access doors

Landscaping Inclusions

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

5 beds - Optional $32,990 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

Appliance Inclusions

  • 900mm stainless steel upright cooker
  • 900mm stainless steel canopy rangehood
  • Stainless steel dishwasher
  • 20mm Caesarstone benchtops
  • Laminate base and overhead cabinets with bulkheads
  • Stainless steel double bowl sink
  • Mixer taps
  • Tiled splashback
  • Melamine pantry shelves

Upgraded Inclusions

  • 2590mm ceiling height
  • Full turnkey finish including fencing landscaping and driveway

Energy Efficiency

  • 7 star energy rating
  • Solar hot water system with gas booster
  • Insulation to walls and ceilings
  • Self-sealing exhaust fans
  • External venting to fans and rangehoods

Warranties:

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


This co-living property in Wallan provides a modern energy-efficient and fully turnkey investment opportunity with comprehensive internal and external inclusions and an ideal location in a growing 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.

Documents

Co-Living Appraisal Letter_Lot 1315 Basil Drive, Wallan, VIC 3756_1746421956FyZIw.pdf

Rental Appraisal

view?usp=drive_link

Furniture Package

view?usp=drive_link

Rental Guarantee

Address Lot S1315 Basil Drive, Wallan VIC
City Mitchell Shire
State VIC
Postcode 3756
Suburb N/A

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Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.

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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