Lot S529 Bridge Road, Melton South VIC
Melbourne, VIC, 3338$ 730,536
Overview
Property ID: LA-9856
- SMSF Single Contract
- Property Type
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Cars
- 150
Details
Updated on Jan 08, 2025 at 02:24 pm
Property Type: | SMSF Single Contract |
---|---|
Price: | $ 730,536 |
Land Price: | N/A |
Build Price: | N/A |
Gross Per Week: | $ 720 |
Gross Per Annum: | $ 37,440 |
Gross Yield: | 5.13% |
Capital Growth 12 Months: | -0.86% |
Capital Growth 10 Year Annualised: | 6.78% |
Vacancy Rate: | 4.55% |
Property Size: | 150 m2 |
Land Area: | 350 m2 |
---|---|
Bedrooms: | 3 |
Bathrooms: | 3 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 9856 |
SKU: | 1029 |
Description
This is a modern three-bedroom, three-bathroom property in Skylark Rise Estate, Melton South. The north-facing house features a double garage, open-plan living areas, and turnkey inclusions ideal for families or investors.
Suburb profile:
Melton South is a well-developed suburb in Melbourne's west, known for its robust infrastructure, educational institutions, and proximity to shopping centers. It offers excellent public transport options, making it a popular choice for families and investors.
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.
- Plasterboard walls, ceilings, and cornices.
- Timber laminate flooring to entry and living areas.
- Carpet to bedrooms.
External Inclusions:
- Concrete roof tiles.
- Colorbond fascia, guttering, and downpipes.
- Brickwork with rolled mortar joints.
- Color through concrete driveway and porch path.
Landscaping Inclusions:
- Fully landscaped front and rear yards.
- Timber fencing with wing fence and gate.
- Irrigation system connected to garden taps with timers.
Electrical Inclusions:
- Double power points throughout.
- LED downlights throughout.
- Split system air conditioning to the main living area.
Appliance Inclusions:
- 900mm stainless steel upright cooker and rangehood.
- Stainless steel dishwasher.
- Caesarstone benchtops with laminate cabinets.
Energy Efficiency:
- 6-star energy rating.
- Solar hot water system with gas booster.
- Insulation to external walls and ceilings.
Warranties:
- Three-month maintenance warranty.
- Ten-year structural warranty.
This turnkey property in Skylark Rise Estate is thoughtfully designed for modern living with premium inclusions, making it a prime investment or family home opportunity in Melton South.
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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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.