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Overview
Property ID: LA-10390
- Co-Living
- Property Type
- 4
- Bedrooms
- 4
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Feb 13, 2025 at 11:10 am
Property Type: | Co-Living |
---|---|
Price: | $ 793,000 |
Land Price: | $ 360,000 |
Build Price: | $ 433,000 |
Gross Per Week: | $ 1,040 |
Gross Per Annum: | $ 54,080 |
Gross Yield: | 6.82% |
Capital Growth 12 Months: | -3.88% |
Capital Growth 10 Year Annualised: | 6.51% |
Vacancy Rate: | 0.37% |
Property Size: | 205 m2 |
Land Area: | 515 m2 |
---|---|
Bedrooms: | 4 |
Bathrooms: | 4 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 10390 |
SKU: | 1036 |
Description
This co-living property offers a modern and comfortable living arrangement designed for shared accommodation. The residence features four bedrooms, each with its own bathroom, providing privacy and convenience. The total house area is 205.39m², situated on a 515m² lot in the Drouin Fields Estate. The property includes a turnkey package with quality inclusions, making it a hassle-free investment opportunity.
Suburb profile:
Drouin is a growing suburb in Victoria, located approximately 90km southeast of Melbourne. It is known for its scenic landscapes, family-friendly environment, and access to essential amenities such as schools, shopping centers, and public transport. Drouin offers a blend of suburban living with a touch of countryside charm, making it a desirable location for homeowners and investors alike.
Site Inclusions - Site Works, Foundations & Connections:
- Engineer-designed slab up to P Classification
- Site fall over the building area no greater than 500mm
- Rock excavation & removal allowance included (excluding explosives & core drilling)
- Termite treatment
- Temporary fencing
- Site signage & waste management to meet Council requirements
- Stormwater, sewer, water, and single-phase underground power to existing infrastructure
- Recycled water (where applicable)
- NBN run-in to the front of the home (where available)
- Telephone, electricity, and gas by builder (connection fees by owner)
Preliminary Inclusions:
- Engineer site assessment & survey
- Building permit
- Energy rating report (minimum 7-star rating)
- Bushfire (BAL) compliance (where applicable)
Internal Inclusions:
- 2590mm ceiling heights on the ground floor
- 2440mm ceiling heights on the first floor (if applicable)
- Flush panel internal doors
- Chrome door furniture
- Privacy locks for bathroom, ensuite, and powder room
- Robes with mirror sliding doors, white melamine shelf & hanging rail
- Linen cupboard with four melamine shelves and vinyl sliding doors
- Blockout roller blinds for windows and external doors (excluding obscure glazed windows)
External Inclusions:
- Face brickwork as per final drawings
- Acrylic rendered features to the front facade (design specific)
- Rendered lightweight cladding or painted cement sheet cladding
- Painted infill above garage door (design specific)
- Concrete roof tiles
- Colorbond fascia, guttering, and downpipes
- Feature aluminium windows to the front facade (design specific)
- Aluminium windows & external doors throughout
- Keyed locks to all openable windows and doors
- Aluminium framed flyscreens to all openable windows
- Feature front entry door (design specific)
- Programmable entry lockset with PIN code keypad at the front door
- Garage with a sectional Colorbond garage door and two remote controls
- Plasterboard lined ceiling and walls in garage (design specific)
- Concrete slab floor in garage
- Outdoor living area with a plaster-lined ceiling and concrete slab floor (design specific)
Landscaping Inclusions:
- Coloured concrete driveway & path to the front porch (design specific)
- Turf for front & rear garden (as nominated on plan)
- Lilydale / Tuscan toppings (as determined by builder)
- Drought-resistant planting to front & rear garden beds with mulch (extent determined by builder)
- Letterbox
- Ground-mounted folding clothesline
- Landscaping design to be determined by the builder
- Boundary fencing (if required, in accordance with estate requirements)
Electrical Inclusions:
- White LED downlights throughout the house (extent design specific)
- White LED downlights in entry & covered outdoor area (extent design specific)
- Fluorescent strip light in garage
- Floodlight with sensor outside external doors (design specific)
- Double power points throughout the house (extent design specific)
- Single power points for fridge and dishwasher space
- TV point in living area (antenna not included, cable coiled in the roof space)
- Telephone/data points in kitchen and bedrooms
- Ducted exhaust fans with timer for bathroom, ensuite, laundry, and powder room (design specific)
- White wall-mounted switches & GPOs
- White smoke detectors, hardwired with battery backup
- RCD safety switch
Appliance Inclusions:
- 900mm stainless steel electric oven
- 900mm stainless steel electric cooktop
- 900mm stainless steel rangehood
- Freestanding under-bench stainless steel dishwasher
- Microwave provision (design specific)
- 1 & ¾ bowl stainless steel sink
- Sink mixer tap
Upgraded Inclusions:
- Multi-head split system upgrade for bedrooms & living area available for an additional $14,100
Energy Efficiency:
- PV system to meet energy rating requirements
- Heat pump with natural gas booster or electric heat pump (if gas is unavailable)
- Insulation in external walls & ceilings as defined in the energy rating report
Warranties:
- Three-month maintenance period
- Ten-year structural warranty
This modern co-living property in Drouin Fields Estate offers a well-designed layout for shared accommodation, providing privacy and convenience. With high-quality turnkey inclusions, energy-efficient features, and a secure investment opportunity, this home is an excellent choice for investors seeking a hassle-free rental 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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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.