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Lot S29 Orchard Road, Richlands QLD
City of Brisbane, QLD, 4077$ 1,045,206
Overview
Property ID: LA-10149
- Co-Living
- Property Type
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Cars
- 174
Details
Updated on Feb 10, 2025 at 05:18 pm
Property Type: | Co-Living |
---|---|
Price: | $ 1,045,206 |
Land Price: | N/A |
Build Price: | N/A |
Gross Per Week: | $ 930 |
Gross Per Annum: | $ 48,360 |
Gross Yield: | 4.63% |
Capital Growth 12 Months: | 15.41% |
Capital Growth 10 Year Annualised: | 8.32% |
Vacancy Rate: | 0.56% |
Property Size: | 174 m2 |
Land Area: | 345 m2 |
---|---|
Bedrooms: | 3 |
Bathrooms: | 3 |
Parking: | 2 |
Title Status: | February 2025 |
Property ID: | 10149 |
SKU: | 1012 |
Description
This co-living package features a three-bedroom, three-bathroom home with a two-car garage, tailored for modern shared living arrangements. The property includes premium inclusions and a fully equipped furniture package, making it a ready-to-rent turnkey investment. Located in Richlands, a high-demand area within the Brisbane region, it offers excellent rental potential and steady growth prospects.
Suburb profile:
Richlands is a thriving suburb in the Brisbane Region known for its well-planned community, excellent transport links, and proximity to key amenities such as shopping centers, schools, and parks. It attracts families and young professionals, offering a balance of residential living and urban convenience.
Site Inclusions - Site Works, Foundations & Connections:
- Includes site scrape, slab design, termite treatment, sewer and stormwater connections, electrical and water connections, retaining walls, driveway excavation, and wind rating compliance.
Preliminary Inclusions:
- Fixed-price HIA contract, plans, certifications, soil tests, engineering designs, and a 12-month maintenance warranty.
Internal Inclusions:
- Features 2550mm high ceilings.
- Three-coat internal paint.
- Energy-efficient insulation.
- Carpet and vinyl plank flooring.
- Built-in wardrobes.
- Modern kitchen with 20mm stone benchtops.
External Inclusions:
- Colorbond roof.
- Painted exterior.
- Aluminum windows.
- Solid core entry doors.
- Remote-control garage door.
Landscaping Inclusions:
- Exposed aggregate driveway.
- Turf for front and back yards.
- 10m2 garden bed with plants.
- Boundary fencing.
Electrical Inclusions:
- LED lighting.
- Split-system air conditioners.
- TV/data points.
- Smoke detectors.
- 6kw solar system.
Appliance Inclusions:
- 600mm electric cooktop.
- Oven.
- Rangehood.
- Dishwasher.
- Electric hot water system.
Upgraded Inclusions:
- 6kw solar system.
- Premium Colorbond roof.
- Pendant kitchen island lighting.
Furniture Pack Inclusions:
- Fully furnished with sofas, TVs, and dining set.
- Beds.
- Washing machine and dryer.
- Full kitchen pack with cookware, dinnerware, and cutlery.
Energy Efficiency:
- 7-star energy rating.
- Solar system.
- Energy-efficient lighting and appliances.
Warranties:
- Includes a 6.5-year structural warranty, 25-year termite-resistant guarantee, 1-5 years on various fixtures and appliances, and specific manufacturer warranties for roofing and other materials.
This co-living investment property in Richlands offers a complete turnkey solution with premium inclusions, modern designs, and strong rental yields, making it a secure and attractive choice for investors.
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.
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SQM Research is an investment research house that specialises in providing accurate research and data to financial institutions, investment professionals and investors.
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.