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Overview
Property ID: LA-10903
- Co-Living
- Property Type
- 4
- Bedrooms
- 4
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Mar 06, 2025 at 01:34 pm
Property Type: | Co-Living |
---|---|
Price: | $ 793,000 |
Land Price: | $ 368,000 |
Build Price: | $ 425,000 |
Gross Per Week: | $ 1,040 |
Gross Per Annum: | $ 54,080 |
Gross Yield: | 6.82% |
Capital Growth 12 Months: | 2.69% |
Capital Growth 10 Year Annualised: | 6.16% |
Vacancy Rate: | 5.28% |
Property Size: | 205 m2 |
Land Area: | 350 m2 |
---|---|
Bedrooms: | 4 |
Bathrooms: | 4 |
Parking: | 2 |
Title Status: | April 2025 |
Property ID: | 10903 |
SKU: | 1036 |
Description
This is a co-living property located in Wyndham Vale, offering a modern living solution with multiple bedrooms, each designed for independent living. It is a turnkey package, meaning everything is included to make the home move-in ready. The property is part of the Jubilee Estate and offers an investment opportunity with a focus on shared living arrangements.
Suburb profile:
Wyndham Vale is a rapidly growing suburb in Melbourne’s western corridor, known for its family-friendly environment, well-established amenities, and excellent transport connections. The area is home to a range of shopping centers, schools, parks, and recreational facilities, making it a desirable location for families and investors alike. With ongoing infrastructure developments, Wyndham Vale continues to attract residents looking for affordability and convenience.
Site Inclusions - Site Works, Foundations & Connections:
- Engineer site assessment and survey
- Building permit
- Energy rating report (minimum 7-star)
- Bushfire compliance (where applicable)
- Stormwater, sewer, water, single-phase underground power, and recycled water (where applicable)
- NBN run-in to the front of the home (where available)
- Termite treatment
- Temporary fencing, site signage, and waste management
- Engineer-designed slab up to P classification
Preliminary Inclusions:
- Rock excavation and removal allowance included (excluding explosives and core drilling)
Internal Inclusions:
- 2590mm high ceilings to ground floor, 2440mm high ceilings to first floor (if applicable)
- Water-based acrylic paint to walls and ceilings
- Gloss enamel paint to doors, architraves, skirting boards, and door jambs
- Plasterboard-lined walls and ceilings with 75mm cove cornice
- Carpet to bedrooms and lounge, laminate timber-look flooring to family living areas and kitchen
- Programmable entry lockset with PIN code keypad to all bedroom doors
External Inclusions:
- Face brickwork and acrylic rendered features to the front facade
- Rendered lightweight cladding or painted cement sheet cladding
- Colorbond fascia, guttering, and downpipes
- Feature aluminum windows to the front facade, aluminum windows and external doors throughout
- Sectional Colorbond garage door with two remote controls
Landscaping Inclusions:
- Coloured concrete driveway and path to front porch
- Turf to the front and rear gardens
- Drought-resistant planting to front and rear garden beds
- Letterbox
- Ground-mount folding clothesline
Electrical Inclusions:
- White LED downlights throughout the house
- LED downlights in entry and outdoor areas
- Double power points throughout
- TV point in the living area
- Telephone/data points in kitchen and bedrooms
- Hardwired smoke detectors with battery backup
Appliance Inclusions:
- 900mm stainless steel electric oven
- 900mm stainless steel electric cooktop
- 900mm stainless steel rangehood
- Dishwasher
- 1¾ bowl stainless steel sink with mixer tap
Upgraded Inclusions:
- Upgrade option available for multi-head split system air conditioning to bedrooms and living areas for an additional $14,100
Energy Efficiency:
- Heat pump hot water system with natural gas booster (or electric heat pump if gas is not available)
- PV system to meet energy rating requirements
Warranties:
- Three-month maintenance period
- Ten-year structural warranty
This co-living property in Wyndham Vale offers a complete turnkey package designed for independent shared living. With modern inclusions, high energy efficiency, and a growing suburb profile, it presents an excellent opportunity for investors seeking a low-maintenance, high-yield property.
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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Melbourne, VIC, 3338ENQUIRE ABOUT THIS PROPERTY
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Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.
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.