Lot S916 Bandicoot Street, Pakenham East VIC

Description

This is a five-bedroom, five-bathroom house and land package located in the Ridgelea Estate, Pakenham East. The property is designed for co-living and includes options for upgrades, such as a multi-head split system for enhanced comfort in the bedrooms and living spaces. It is located in a high-growth area, offering a spacious land area and modern house design.

Suburb Profile:

Pakenham East is part of the larger Pakenham growth corridor in Victoria. It is a rapidly developing suburb known for its family-friendly environment, good schools, and proximity to major transport links. With ongoing infrastructure development, including shopping centers and recreational facilities, it offers a desirable lifestyle for families and investors alike.

Site Inclusions:

• Engineer site assessment, stormwater, sewer, water, single-phase underground power, recycled water, and NBN provision where available.

Preliminary Inclusions:

• Engineer designed slab (P classification), termite treatment, temporary fencing, and waste management.

Internal Inclusions:

• 2590mm high ceilings, 900mm stainless steel kitchen appliances, 20mm engineered stone benchtops, and laminate flooring in living areas. Carpet in bedrooms, energy-efficient glazing, and split system air conditioning.

External Inclusions:

• Concrete roof tiles, Colorbond garage door, plaster-lined outdoor living area, and energy-efficient lighting throughout.

Landscaping Inclusions:

• Turf to front and rear, drought-resistant planting, colored concrete driveway, and a folding clothesline.

Electrical Inclusions:

• LED downlights, smoke detectors, ducted heating, split system air conditioning, and provision for solar panels.

Appliance Inclusions:

• 900mm stainless steel electric oven, cooktop, rangehood, and dishwasher.

Upgraded Inclusions:

• Multi-head split system upgrade available for $14,100.

Energy Efficiency:

• Minimum 7-star energy rating, heat pump with gas booster or electric heat pump.

Warranties:

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

This modern, spacious co-living property in Ridgelea Estate, Pakenham East, offers excellent investment potential in a high-growth area. It comes with energy-efficient inclusions, flexible living options, and a convenient location near schools, shopping, and transport links.

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