Mineral Terrace, Sunshine North VIC

Description

This is a co-living property featuring a five-bedroom, five-bathroom layout with a double garage, designed as a turnkey investment opportunity. Located in River Valley Estate, Sunshine North, the Madison 27 design offers fully finished, move-in ready accommodation with a range of modern inclusions. The home is situated on a 440m² lot and features an internal house area of 249.47m².

Suburb profile:

Sunshine North is a well-established suburb located approximately 12 km from Melbourne’s CBD. It offers a mix of residential, industrial, and commercial zones and has easy access to public transport, schools, shopping centres, and recreational facilities. The suburb is undergoing gentrification and continues to attract investors and developers due to its proximity to the city and planned infrastructure improvements.

Site Inclusions - Site Works, Foundations & Connections:

• Engineer Site Assessment & Survey
• Building Permit
• Stormwater, Sewer, Water & Single-Phase Underground Power to existing infrastructure
• Recycled Water (where applicable)
• NBN run to front of home (where available)
• Telephone, Electricity & Gas connections by builder (fees by owner)
• Engineer designed slab – Up to P Classification
• Site fall allowance of up to 500mm
• Rock excavation and removal allowance
• Termite Treatment
• Temporary Fencing
• Site Signage & Waste Management

Preliminary Inclusions:

• Energy Rating Report (minimum 7-star)
• Bushfire (BAL) Compliance (where applicable)

Internal Inclusions:

• 2590mm ceiling height (ground floor)
• 2440mm ceiling height (first floor)
• 20mm engineered stone benchtops in kitchen and bathrooms
• Laminate cabinetry with melamine modular cabinets and chrome handles
• Pantry with lockable sections
• Inset vanity basins
• Semi-framed shower screens
• Freestanding acrylic bath (design specific)
• Chrome mixer tapware
• Polished edge mirrors
• Ceramic wall and floor tiles to wet areas
• Carpet to bedrooms and lounge
• Laminate timber look flooring in main living areas
• Flush panel internal doors with chrome door furniture
• Programmable entry lockset with PIN code to all bedroom doors
• Privacy locks to bathrooms
• Water-resistant plasterboard in wet areas
• 75mm cove cornices
• White melamine shelving in robes
• Sliding mirrored robe doors (design specific)
• Under-stair storage with hinged door (design specific)

External Inclusions:

• Face brickwork and acrylic render to façade
• Painted infills and features to façade (design specific)
• Concrete roof tiles
• Colorbond fascia, guttering, and downpipes
• Aluminium windows and external doors
• Flyscreens to openable windows
• Programmable front entry door lockset
• Sectional Colorbond garage door with 2 remote controls
• Plaster-lined garage ceiling and walls
• Concrete slab garage floor
• Alfresco with plaster-lined ceiling and concrete slab floor

Landscaping Inclusions:

• Coloured concrete driveway and path to front porch
• Turf to front and rear yards
• Lilydale/Tuscan toppings
• Drought-resistant planting with mulch
• Letterbox
• Ground-mounted folding clothesline
• Landscaping design by builder
• Boundary fencing (if required and in accordance with estate requirements)

Electrical Inclusions:

• White LED downlights throughout
• Fluorescent strip light in garage
• Floodlight with sensor to external doors (design specific)
• Double power points throughout
• Single power points to fridge and dishwasher spaces
• 1 TV point (living), cable coiled in roof for antenna
• Telephone/data points to kitchen and bedrooms
• Ducted exhaust fans with timer (interlocked with room light)
• White wall-mounted switches and GPOs
• Hardwired smoke detectors with battery backup
• RCD safety switch

Appliance Inclusions:

• 900mm stainless steel electric oven
• 900mm electric cooktop
• 900mm stainless steel rangehood
• Freestanding underbench dishwasher (stainless steel)
• Microwave provision (design specific)
• 1 & ¾ bowl stainless steel sink with mixer tap

Upgraded Inclusions:

• Add $4,100 for R2.0 sound wall insulation batts to internal walls
• Add $14,100 for upgrade to multi-head split system to bedrooms and living

Energy Efficiency:

• PV System to meet energy rating requirements
• Insulation to all external walls and ceilings as defined by home-specific energy rating report
• Heat Pump with Natural Gas Booster OR Electric Heat Pump

Warranties (provide full details of warranties):

• Warranties (if Warranties are provided otherwise leave it blank):
• 3-month maintenance period
• 10-year structural warranty

This co-living property in Sunshine North presents a high-yield investment opportunity with turnkey inclusions, modern finishes, and a layout tailored for shared accommodation. Its prime location in River Valley Estate makes it an ideal option for investors seeking consistent rental returns.

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