Lot S520 Nightjar Place, Melton South VIC

Description

This property is a co-living investment opportunity located in Skylark Rise Estate, Melton South. The house is offering a fully turnkey package, ideal for investors seeking strong rental returns. The property features five bedrooms, each with its own ensuite, making it an attractive option for co-living arrangements. It is designed with modern interiors, high-quality finishes, and energy-efficient inclusions. The location provides access to essential amenities, schools, shopping centers, and transport links.

Suburb Profile:

Melton South is a fast-growing suburb in Melbourne’s western corridor, known for its affordability and investment potential. It offers a mix of residential developments, schools, parks, and shopping centers. The suburb has strong rental demand due to its proximity to transport links, including Melton Train Station and major road networks connecting to Melbourne CBD. The area is experiencing ongoing infrastructure developments, making it an appealing choice for investors and homebuyers.

Site Inclusions - Site Works, Foundations & Connections:

• Fixed Price Site Costs including rock excavation.

Preliminary Inclusions:

• Survey and drafting plans, design guideline compliance, engineer-designed slab/foundations, all required permits, service connections (excluding consumer account opening and fibre optic connection, if applicable), independent quality inspections, and a full house clean on completion.

Internal Inclusions:

• 2590mm ceiling height (single-storey and ground floor of double-storey)
• 2040mm high flush panel doors throughout
• Timber laminate flooring in entry and living areas
• Carpet in remaining areas
• Plasterboard walls, ceilings, and cornices
• 67mm single bevel architrave and skirting
• 75mm Scotia cornice
• Melamine shelving with hanging rails in wardrobes
• Gas ducted heating
• Split system air-conditioning in the main living area
• Additional split system air-conditioner in the master bedroom (if double-storey)
• Internal lever door handles

External Inclusions:

• Concrete roof tiles
• Colorbond fascia, gutters, and downpipes
• Brickwork above windows on front facade
• Painted infills above garage door and side/rear windows and doors
• Letterbox with house numbers
• Concrete driveway and porch path
• Termite treatment
• Weatherproof door to the rear of the garage (plan specific)
• Sectional Panelift garage door with motor and two remote controls

Landscaping Inclusions:

• Front and rear yard landscaping, including a combination of turf, plants, mulch, and toppings
• Irrigation system with timers
• Timber fencing, including wing fence and gate
• Compacted paths around the house
• Nature strips levelled and seeded
• Clothesline

Electrical Inclusions:

• LED downlights throughout
• Double power points
• Hardwired smoke detectors with battery backup
• Two TV points and one TV antenna (estate specific)
• Two phone points
• Single weatherproof LED floodlight with sensor outside laundry

Optional $32,990 Furniture package includes

• 5 x Queen Beds with Mattresses
• Drawers, Side Tables & Lamps
• Sofa, TV Unit, Coffee Table, Armchair
• TV & Internet Modem
• Dining Table & Chairs
• Kitchen & Laundry Appliances
• Full Cookware & Cutlery Set

Appliance Inclusions:

• 900mm stainless steel upright cooker
• 900mm stainless steel canopy rangehood
• Stainless steel dishwasher
• Stainless steel double bowl sink
• Mixer tap
• 20mm Caesarstone benchtops with square edge
• Tiled splashback
• Laminate base cabinets and overhead cabinets with bulkhead above

Upgraded Inclusions:

• Full turnkey finish, including fencing, landscaping, and driveway

Energy Efficiency:

• 6-star energy rating
• Solar hot water system with gas booster
• Insulation to walls and ceilings
• Self-sealing exhaust fans positioned above all showers
• External venting for exhaust fans and rangehood

Warranties:

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

This co-living property in Melton South offers an excellent investment opportunity with a high-yield rental model. Featuring modern finishes, energy-efficient inclusions, and a fully turnkey package, this home is designed to attract tenants and provide long-term value 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