Lot S721 Lara Lakes Estate, Lara, Geelong VIC

Description

This co-living property in Lara Lakes Estate features a modern single-storey design with five bedrooms, each with its own bathroom. The home spans 205.73m² on a 451m² lot and offers turnkey inclusions. With an emphasis on comfort and practicality, this property provides an excellent opportunity for investment or co-living arrangements.

Suburb Profile:

Lara is a rapidly growing suburb in West Melbourne, known for its family-friendly environment and excellent connectivity. The suburb provides easy access to Melbourne and Geelong, along with essential amenities like schools, shopping centers, and parks. Its strategic location and growing infrastructure make it a popular choice for both homeowners and investors.

Site Inclusions:

• Soil test and survey
• Engineer-designed slab (P-classification)
• Rock excavation and removal
• Termite treatment
• Stormwater, sewer, water, and single-phase underground power connections
• Recycled water connection where applicable
• Temporary fencing and site signage

Preliminary Inclusions:

• Building permits
• Energy rating report (minimum 7-star)
• Bushfire (BAL) compliance where applicable

Internal Inclusions:

• 2590mm ceiling height
• 20mm engineered stone benchtops
• 900mm stainless steel electric oven, cooktop, and rangehood
• Freestanding dishwasher
• Carpet to bedrooms and lounge
• Laminate timber flooring in living areas
• Water-resistant plasterboard in wet areas
• Block-out roller blinds
• Programmable entry lockset with PIN code to all bedroom doors

External Inclusions:

• Concrete roof tiles
• Colorbond fascia, guttering, and downpipes
• Rendered lightweight cladding to the facade
• Feature aluminum windows
• Sectional Colorbond garage door with two remote controls
• Tiled outdoor alfresco with plaster-lined ceiling
• Acrylic-rendered features to the front facade

Landscaping Inclusions:

• Coloured concrete driveway and path
• Turf to front and rear gardens
• Drought-resistant planting in garden beds
• Letterbox
• Ground-mounted folding clothesline
• Boundary fencing as required by the estate

Electrical Inclusions:

• LED downlights throughout
• Smoke detectors hardwired with battery backup
• TV and data points in kitchen and bedrooms
• Split system air-conditioning unit in the main living area
• Gas ducted heating

Appliance Inclusions:

• Stainless steel dishwasher
• 900mm electric oven, cooktop, and rangehood
• Microwave provision

Upgraded Inclusions:

• Multi-head split system air-conditioning for bedrooms and living areas ($14,100 upgrade)

Energy Efficiency:

• PV system to meet energy rating requirements
• Heat pump hot water system

Warranties:

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

This titled property in Lara Lakes Estate is an ideal investment opportunity or co-living solution, offering modern design, high-quality finishes, and full turnkey inclusions 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