Lot S536 Skylark Rise Estate, Melton South VIC
Melbourne, VIC, 3338$ 835,000
Overview
Property ID: LA-10523
- Co-Living
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Feb 06, 2025 at 01:33 pm
Property Type: | Co-Living |
---|---|
Price: | $ 835,000 |
Land Price: | N/A |
Build Price: | N/A |
Gross Per Week: | $ 1,400 |
Gross Per Annum: | $ 72,800 |
Gross Yield: | 8.72% |
Capital Growth 12 Months: | -0.86% |
Capital Growth 10 Year Annualised: | 6.78% |
Vacancy Rate: | 4.55% |
Property Size: | 205 m2 |
Land Area: | 445 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 10523 |
SKU: | 1029 |
Description
This is a fully turnkey residential property package located in Skylark Rise Estate, Melton South. It features a spacious layout with five bedrooms, five bathrooms, and a two-car garage. The property is designed with modern finishes and energy-efficient features, making it an excellent choice for families or investors.
Suburb profile:
Melton South is a well-established suburb in Melbourne's western region, known for its diverse community, excellent amenities, and access to public transport. The area offers schools, parks, and shopping centers, making it ideal for families and property investors.
Site Inclusions - Site Works, Foundations & Connections:
- Fixed price site costs, including rock excavation.
- Engineered waffle slab.
- All required service connections.
Preliminary Inclusions:
- All permits and engineering plans.
- Design guidelines.
- Independent quality inspections.
Internal Inclusions:
- Timber laminate flooring in common areas.
- Carpet in bedrooms and other specified areas.
- 2590mm ceiling height.
- Flush panel internal doors and lever handles.
- Plasterboard walls and ceilings with scotia cornices.
External Inclusions:
- Concrete roof tiles.
- Colorbond fascia, guttering, and downpipes.
- Painted infills above garage and windows.
- Brickwork with rolled mortar joints.
Landscaping Inclusions:
- Fully landscaped front and rear yards with turf, plants, mulch, and toppings.
- Timber fencing and side gate.
- Irrigation system connected to garden taps.
Electrical Inclusions:
- LED downlights throughout.
- Hardwired smoke detectors with battery backup.
- Split system air conditioning to the main living area.
Appliance Inclusions:
- 900mm stainless steel upright cooker and rangehood.
- Stainless steel dishwasher.
- Caesarstone benchtops in the kitchen with laminate cabinets.
Energy Efficiency:
- Solar hot water system with gas booster.
- 6-star energy rating.
- Insulation to external walls and ceilings.
Warranties:
- Three-month maintenance warranty.
- Ten-year structural warranty.
This property offers a complete turnkey package with premium features and inclusions, making it an ideal investment or home in the growing suburb of 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.
Documents
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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.