Lot S2601 Fairmont Crescent, Fraser Rise VIC

Description

The property is a co-living investment opportunity located in Fairmont Crescent, Fraser Rise, within the Aspire Estate. This development offers high-quality contemporary homes designed for shared living, making it an attractive choice for investors seeking strong rental returns. The homes feature modern designs, premium finishes, and a comprehensive list of inclusions.

Suburb profile:

Fraser Rise is a rapidly growing suburb in Melbourne’s north-west, approximately 30km from the CBD. It offers excellent connectivity via major freeways and public transport, with Watergardens Train Station nearby. The suburb provides access to well-established amenities, including shopping centres, schools, and recreational spaces. Future developments, such as a major town centre, a government school, and an aquatic centre, enhance the suburb’s appeal as an emerging residential and investment hub.

Site Inclusions - Site Works, Foundations & Connections:

• Concrete slab foundation suitable for Class ‘H2’ soil conditions
• Glass wool wall batts for insulation
• Termite treatment
• Provisions for water, gas, electricity, sewer, stormwater, and NBN connection

Preliminary Inclusions:

• Temporary fencing
• Environmental silt fencing
• Compliance with local building regulations

Internal Inclusions:

• Laminated cabinetry with soft-close drawers
• Caesarstone benchtops in kitchen and bathrooms
• Solid surface basins and mirrored shaving cabinets in bathrooms
• 600x600 tiles in wet areas, laminate timber flooring, and carpet with underlay in bedrooms
• Two-coat paint system
• Pine-framed staircases with carpet tread

External Inclusions:

• Colorbond roof and aluminum windows
• Feature brickwork and acrylic render in selected areas
• Hume entry door with brushed nickel handle
• Colorbond sectional garage door with remote control

Electrical Inclusions:

• LED downlights throughout
• External lighting
• Double power points
• TV and data points
• Pre-wired telephone points
• Smoke detectors and safety switches
• NBN-ready with basic pack inclusion

Appliance Inclusions:

• Ilve 600mm wall oven
• Ilve 600mm induction cooktop
• Ilve fully integrated dishwasher
• Ilve 600mm range hood
• Artusi single bowl stainless steel sink

Upgraded Inclusions:

• Split-system heating and cooling (optional)
• Additional power points, TV, and data points
• Feature island lighting
• Security doors
• Upgraded kitchen appliances (900mm oven, cooktop, and rangehood)
• Built-in mirrored sliding wardrobes

Furniture Pack Inclusions:

• Fully furnished living and dining area with sofa, coffee table, dining table with chairs, TV unit, artwork, and rugs
• Each bedroom includes a queen bed, mattress, mattress protector, bedside tables, lamps, TV, and storage
• Kitchen equipped with fridge, microwave, toaster, kettle, cookware, dinnerware, and utensils
• Laundry includes a washing machine, dryer, ironing board, vacuum, and mop
• Total furniture package value: $25,000

Energy Efficiency:

• Glass wool insulation in walls and ceilings
• Gas ducted heating
• Provisions for recycled water connection

This co-living investment property in Fraser Rise offers a modern and fully equipped home designed for shared living. With premium inclusions, a comprehensive furniture package, and a prime location in a rapidly growing suburb, it presents an attractive opportunity for investors seeking high rental returns.

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