Lot S324 The Range Estate, Morwell VIC

Description

This co-living property located in The Range Estate, Morwell VIC, features five spacious bedrooms, each with private ensuite access, designed specifically for shared accommodation. The home offers a total dwelling size of 269.42m² on a 706m² titled block, providing a modern and private living experience for multiple occupants, making it ideal for co-living investment opportunities.

Suburb profile:

Morwell is a regional town in the Gippsland area of Victoria, known for its affordability and development opportunities. It provides essential infrastructure including schools, shopping centres, and public transport, making it attractive for renters and investors alike. Its proximity to natural attractions and community amenities supports ongoing regional growth.

Site Inclusions - Site Works, Foundations & Connections:

• Connection to stormwater and sewer within the lot
• Three phase underground power (up to 10m)
• Same side dry water tapping
• NBN basic, cable, telephone point, 1 data point, NBN conduit and connection
• Up to Class H2 concrete slab with 500mm fall allowance
• Temporary fencing and environmental silt fencing to site
• Allowance for rock excavation and removal
• Termite spray system as required
• BAL 12.5 included if required

Preliminary Inclusions:

• Council and authority property information
• Sited working drawings
• Structural and civil engineering design
• Energy rating report with 7-star compliance
• Colour selection via builder pre-selected colour boards

Internal Inclusions:

• 10mm plaster to walls and ceilings, 75mm cove cornices
• 2040mm flush panel internal doors
• Smart robe sliding doors
• Schlage digital door locks to each bedroom
• Lever-style door furniture
• Draft seals to all doors
• Single holland blinds to all windows
• Semi-gloss enamel and low-sheen acrylic paint finishes

External Inclusions:

• Colorbond roof with sarking
• Colorbond fascia, guttering, and downpipes
• Full perimeter 450mm wide eaves
• Oversized 2040x970mm external doors
• Aluminium powder-coated door and window frames
• Fly screens to all hinged and sliding doors and windows
• Brick letterbox with chrome inserts
• Coloured concrete driveway and front porch

Landscaping Inclusions:

• Front and rear landscaping
• Boundary and wing fencing
• Coloured concrete driveway and path

Electrical Inclusions:

• White downlights throughout
• Front recessed entry light and rear para flood light
• Double power points throughout
• TV and data points to all bedrooms and communal space
• Digital TV antenna with booster
• Hardwired smoke alarms with battery backup
• Exhaust fans to all wet areas
• RCD safety switch and individual circuits to each suite
• 3.1kW hybrid PV solar system

Appliance Inclusions:

• 600mm Omega under bench oven with side-opening door
• 600mm Omega induction cooktop
• 600mm Omega canopy rangehood
• 600mm Omega stainless steel dishwasher
• Double bowl stainless steel kitchen sink
• Category 1 chrome tapware

Upgraded Inclusions:

• Secluded courtyards with internal fencing for each suite
• Private clothesline for each bedroom suite
• Solid core doors and acoustic insulation between rooms
• Draft seals and smart locks to all bedroom doors
• Interconnected smoke alarms
• Emergency exit lighting and laminated plans for each suite
• Laundry suitable for commercial machine
• WiFi-enabled smart door locks
• Third hot water unit added for capacity

Energy Efficiency:

• 7-star compliant energy rating
• R4.0 ceiling insulation, R2.0 wall insulation
• Wall wrap sealed around openings
• 3.1kW hybrid solar system

This co-living home in Morwell offers a purpose-built layout designed for tenant privacy and energy efficiency, with fully self-contained bedroom suites and premium upgrades. Ideal for investors seeking high-yield shared accommodation, it is situated in a growing regional area with strong rental demand.

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