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Lot S515 Pintail Drive, Melton South VIC
Melbourne, VIC, 3338$ 786,870
Overview
Property ID: LA-11147
- Co-Living
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Feb 21, 2025 at 02:01 pm
Property Type: | Co-Living |
---|---|
Price: | $ 786,870 |
Land Price: | N/A |
Build Price: | N/A |
Gross Per Week: | $ 1,500 |
Gross Per Annum: | $ 78,000 |
Gross Yield: | 9.91% |
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: | 11147 |
SKU: | 1029 |
Description
This property is a fully turnkey house and land package located in Skylark Rise Estate, Melton South. The home is designed with modern features and premium inclusions, making it a great investment or family home. It offers a spacious living environment with five bedrooms, five bathrooms, and a two-car garage. The home sits on a 375m² lot with an east-facing orientation. The total house area is 205.75m².
Suburb profile:
Melton South is a growing suburb in Victoria, known for its affordability and access to key amenities. It offers various schools, shopping centers, parks, and public transport options, making it an attractive location for families and investors. The area is experiencing continued development, increasing property demand.
Site Inclusions - Site Works, Foundations & Connections:
- Fixed price site costs, including rock excavation
Internal Inclusions:
- Engineered waffle slab
- Pine wall frames and roof trusses
- 2590mm ceiling height to single-storey homes
- 2590mm ceiling height to the ground floor and 2440mm to the first floor of a double-storey home
- Plasterboard walls, ceilings, and cornice
- 67mm single bevel architrave and skirting
- 75mm scotia cornice
- 2040mm high flush panel internal doors
- Lever door handles
External Inclusions:
- Concrete roof tiles
- Colorbond fascia, gutter, and downpipes
- Brickwork to front facade
- Natural color mortar with rolled joints
- Painted infills above garage door and all windows and doors
- Plaster ceiling to porch and outdoor living (if applicable)
- Two-part termite treatment
- Color-through concrete driveway and path to porch
- Letterbox with numbers
Landscaping Inclusions:
- Turf, plants, mulch, and toppings to front and rear yards
- Irrigation connected to two garden taps with timers
- Compacted paths around the perimeter of the house
- Timber fencing, including wing fence and gate, to all boundaries
- Nature strips leveled and seeded
- Clothesline
Electrical Inclusions:
- Double power points throughout
- LED downlights throughout
- Single weatherproof LED flood light with sensor outside laundry
- Hardwired smoke detectors with battery backup
- Two TV points
- One TV antenna (estate specific)
- Two phone points
Appliance Inclusions:
- 900mm stainless steel upright cooker
- 900mm stainless steel canopy rangehood
- Stainless steel dishwasher
- 20mm Caesarstone benchtops with 20mm square edge
- Laminate base cabinets
- Laminate overhead cabinets with bulkhead above
- Stainless steel double bowl sink
- Mixer tap
- Tiled splashback
- Four melamine shelves in the pantry
Energy Efficiency:
- 6-star energy rating
- Solar hot water service with gas booster
- Insulation to walls and ceilings
- Self-sealing exhaust fans positioned above all showers
- External venting to all exhaust fans and rangehoods
Warranties:
- 3-month maintenance period
- Homeowners warranty
- 10-year structural warranty
This house and land package in Skylark Rise Estate, Melton South, offers a high-quality, fully turnkey solution for homeowners or investors. With modern appliances, premium inclusions, and energy-efficient features, it provides excellent value in a growing suburb.
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
Address
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Lot S527 Bridge Road, Melton South VIC
Melbourne, VIC, 3338ENQUIRE ABOUT THIS PROPERTY
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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.