Lot S2620 Broadway Street, Berwick VIC
City of Casey, VIC, 3806$ 1,347,833
Overview
Property ID: LA-8633
- House and Land
- Property Type
- 3+OOA
- Bedrooms
- 4
- Bathrooms
- 2
- Cars
- 213
Details
Updated on Nov 13, 2024 at 10:46 am
Property Type: | House and Land |
---|---|
Price: | $ 1,347,833 |
Land Price: | N/A |
Build Price: | N/A |
Gross Per Week: | $ 3,740 |
Gross Per Annum: | $ 194,492 |
Gross Yield: | 14.43% |
Capital Growth 12 Months: | 3.51% |
Capital Growth 10 Year Annualised: | 5.77% |
Vacancy Rate: | 1.52% |
Property Size: | 213 m2 |
Land Area: | 358 m2 |
---|---|
Bedrooms: | 3+OOA |
Bathrooms: | 4 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 8633 |
SKU: | 1017 |
Description
This high physical support NDIS investment property in Berwick, VIC, is designed for up to three participants, offering a potential return of $178,740 per annum. With a spacious 213.67 m² home on a 358 m² lot, this fully equipped property features accessibility enhancements and modern inclusions suited for high physical support needs, providing a stable and impactful investment opportunity.
Suburb profile:
Berwick is a vibrant suburb in Melbourne's City of Casey, 41 km southeast of Melbourne CBD. Known for its blend of modern amenities, shopping centers, and community services, Berwick is a family-friendly area that attracts both residents and investors. It offers a balance of suburban living with easy access to urban conveniences.
Site Inclusions - Site Works, Foundations & Connections:
- Site cost allowance for "A" class soil
- 100mm concrete slab as per engineer’s detail
- Soakwell included as per design
- Paving to side access for emergency escape, alfresco, porch, and external laundry area
Preliminary Inclusions:
- Digital lock to the front entry with step-free entry
- Solar-powered battery backup system for minimum two-hour outage per room
- Provision for door automation
- Provision for ceiling hoist in each bedroom
Internal Inclusions:
- 2700mm ceiling height throughout
- Porcelain tiles to wet areas (P3, R10 specifications)
- Premium slip-resistant laminate flooring in bedrooms and living areas
- Soft-closing laminate cabinets in kitchen and bathrooms
- Engineered stone benchtops (builder’s range)
- Insulation: R1.5 to internal walls, R2.0 to external walls, R3.5 to roof
External Inclusions:
- Aluminium glazed windows with choice from standard powder coated range
- Colourbond roof with choice from builder’s range
- High ceiling sectional garage door
- Digital TV antenna, clothesline on brick wall
Landscaping Inclusions:
- Paved areas as per design
- Coloured concrete driveway
Electrical Inclusions:
- 30 LED lights with dimmers in bedrooms and living areas, sensors for external and ensuite lighting
- 30 DGPO inside, GPOs for future automation, weatherproof DGPO to alfresco
- Internet data points in all bedrooms and living areas
Appliance Inclusions:
- 600mm built-in electric oven
- 900mm cooktop and canopy rangehood
- Dishwasher
- Reverse cycle ducted air conditioning with individual room control
Upgraded Inclusions:
- Automated traverse curtains and blinds
- Solar panel hot water system
Energy Efficiency:
- Solar-powered battery backup system
- Solar panel hot water system
Warranties:
- Six-year structural warranty
- One-year warranty on materials and workmanship
This NDIS property in Berwick offers a well-rounded investment with high rental potential and specialized amenities designed for high physical support, ideal for SMSF investors seeking long-term returns.
SDA Accommodation:
An SDA home, which stands for Specialist Disability Accommodation, is a type of housing designed to meet the specific needs of individuals with significant disabilities who require high-level support and specialised accommodation. Under the National Disability Insurance Scheme (NDIS), SDA aims to provide suitable housing options for participants with complex support needs.
High Physical Support Housing:
High physical support housing includes a high level of physical access for people who need very high levels of support. For example, you may need a ceiling hoist, backup power supply, or home automation and communication technology.
Benefits for Participants:
Improved Quality of Life: SDA homes are tailored to provide accessible and inclusive living environments, promoting independence, comfort, and safety for participants.
Benefits of the NDIS:
Cost Effectiveness: SDA aims to reduce the overall cost of disability support by providing suitable housing options. Offering appropriate accommodation can help prevent or minimise the need for more expensive, institutionalised care settings.
Benefits for the Community:
Inclusion and Accessibility: SDA homes create inclusive communities by providing accessible housing options for individuals with disabilities. This promotes social integration and enables participants to participate more fully in community life.
Benefits for Property Investors:
1. Sustainable Financial Returns: Investing in SDA homes can provide property investors with stable, long-term rental income due to the ongoing demand for specialised accommodation for individuals with disabilities.
2. Secure Tenancy: SDA homes often come with secure, long-term tenancy agreements, providing property investors greater stability and reduced vacancy rates.
3. Ethical and Social Impact: Investing in SDA homes allows property investors to make a positive social impact by supporting individuals with disabilities and creating inclusive communities.
4. Government Support: The NDIS provides financial incentives for property investors who choose to invest in SDA homes, offering potential financial benefits and enhancing the viability of such investments.
Overall, investing in SDA homes can offer property investors a combination of financial stability, social impact, and government support, making it an attractive investment option.
You can read more about NDIS/SDA here: https://ausinvestmentproperties.com.au/blogs/what-is-an-ndis-investment-property-and-why-you-should-seriously-consider-adding-one-to-your-portfolio-or-smsf
The rental income of this 3+1 SDA property has been quoted with two participants only, reflecting the realistic earning potential for this property.
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.