Lot S513 Pintail Drive, Melton South VIC

Melbourne, VIC, 3338

$ 795,000

Melbourne, VIC, 3338
Lot S513 Pintail Drive, Melton South VIC-0
Lot S513 Pintail Drive, Melton South VIC-1
Lot S513 Pintail Drive, Melton South VIC-2
Lot S513 Pintail Drive, Melton South VIC-3
Lot S513 Pintail Drive, Melton South VIC-4

Property Images

Lot S513 Pintail Drive, Melton South VIC-0 Lot S513 Pintail Drive, Melton South VIC-1 Lot S513 Pintail Drive, Melton South VIC-2 Lot S513 Pintail Drive, Melton South VIC-3 Lot S513 Pintail Drive, Melton South VIC-4

Overview

Property ID: LA-10299

  • Co-Living
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Cars
  • 205

Details

Updated on Jan 30, 2025 at 03:39 pm

Property Type: Co-Living
Price: $ 795,000
Land Price: N/A
Build Price: N/A
Gross Per Week: $ 1,200
Gross Per Annum: $ 62,400
Gross Yield: 7.85%
Capital Growth 12 Months: -0.86%
Capital Growth 10 Year Annualised: 6.78%
Vacancy Rate: 4.55%
Property Size: 205 m2
Land Area: 375 m2
Bedrooms: 5
Bathrooms: 5
Parking: 2
Title Status: Titled
Property ID: 10299
SKU: 1029

Description

The property is located in Skylark Rise Estate, featuring a 205.75m² house on a 375m² lot. The package includes modern internal finishes, premium inclusions, and landscaping.

Suburb profile:

Melton South is a rapidly growing suburb in the western suburbs of Melbourne, known for its family-friendly environment, schools, and access to public transport. The area is experiencing significant development, making it attractive for investors and homeowners alike.


Site Inclusions - Site Works, Foundations & Connections:

  • Fixed price site costs, including rock excavation and all service connections.

Preliminary Inclusions:

  • Fixed price contract, permits, survey, and drafting plans included.

Internal Inclusions:

  • 2590mm ceilings
  • Engineered waffle slab
  • Timber laminate flooring
  • Carpet in bedrooms
  • Caesarstone benchtops
  • Built-in wardrobes

External Inclusions:

  • Landscaping
  • Exposed aggregate driveway
  • Colorbond roof
  • Brickwork facade

Landscaping Inclusions:

  • Combination of turf, plants, mulch, irrigation system, and perimeter pathways.

Electrical Inclusions:

  • Gas ducted heating
  • Split system air conditioning
  • LED downlights
  • Smoke detectors
  • TV antenna

Appliance Inclusions:

  • 900mm stainless steel appliances, including upright cooker, rangehood, and dishwasher.

Upgraded Inclusions:

  • Designer facade options
  • Premium internal finishes

Energy Efficiency:

  • 6-star energy rating
  • Solar hot water system with gas booster
  • Insulation

Warranties:

  • 10-year structural warranty
  • 3-month maintenance period


This property in Skylark Rise Estate offers a complete turnkey package with modern inclusions and a fixed price contract, making it an excellent choice for investors or families seeking a ready-to-move-in home.

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

Five Year Guarantee_1737695037dbFtw.pdf

Rental Appraisal_1737695040nJkKZ.pdf

Address Lot S513 Pintail Drive, Melton South VIC
City Melbourne
State VIC
Postcode 3338
Suburb N/A

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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.

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