Plimsoll Street, Mickleham VIC

Description

This co-living property in Mickleham, VIC, is a premium investment opportunity within the Merrifield Estate. Priced at $856,000, it features five self-contained bedrooms with private amenities, offering a high rental yield potential. The home includes modern design, premium inclusions, and energy-efficient features, making it an attractive option for investors looking for a secure and high-return property.

Suburb profile:

Mickleham is a rapidly developing suburb in Melbourne’s northern growth corridor, part of the Hume Region. The area has seen strong population growth and infrastructure development, with new schools, shopping centers, and public transport options being introduced. Mickleham is known for its modern residential estates, making it a desirable location for both investors and tenants.

Site Inclusions - Site Works, Foundations & Connections:

• Engineer site assessment & survey
• Stormwater, sewer, water & single-phase underground power
• NBN connection (where available)
• Engineer-designed slab for P classification
• Termite treatment
• Rock excavation and removal allowance
• Site signage, waste management, and council compliance

Preliminary Inclusions:

• Building permit
• Energy rating report (minimum 7-star)
• Bushfire compliance (if applicable)

Internal Inclusions:

• 2590mm high ceilings on the ground floor
• 20mm engineered stone benchtops in kitchen and bathrooms
• Chrome tapware throughout
• Carpet in bedrooms, laminate timber flooring in living areas
• Built-in robes with mirror sliding doors
• Privacy locks to bathrooms and ensuite

External Inclusions:

• Face brickwork and rendered façade features
• Colorbond roofing, gutters, and downpipes
• Sectional Colorbond garage door with remote control access
• Aluminium windows and doors with keyed locks
• Feature front entry door with PIN code keypad

Landscaping Inclusions:

• Coloured concrete driveway and front path
• Turf to front and rear gardens
• Drought-resistant planting and mulch
• Letterbox and clothesline
• Boundary fencing as per estate requirements

Electrical Inclusions:

• White LED downlights throughout
• TV point in the living area
• Floodlight with sensor outside entry doors
• Hardwired smoke detectors with battery backup
• Ducted exhaust fans in bathrooms

Optional $32,990 Furniture package includes:

• 5 x Queen Beds with Mattresses
• Drawers, Side Tables & Lamps
• Sofa, TV Unit, Coffee Table, Armchair
• TV & Internet Modem
• Dining Table & Chairs
• Kitchen & Laundry Appliances
• Full Cookware & Cutlery Set

Appliance Inclusions:

• 900mm stainless steel oven and electric cooktop
• 900mm stainless steel rangehood
• Freestanding dishwasher
• Stainless steel sink with mixer tap

Upgraded Inclusions:

• Multi-head split system upgrade for beds and living area ($14,100 extra)

Energy Efficiency:

• Heat pump hot water system
• PV solar system for energy efficiency

Warranties:

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

This high-quality co-living investment property in Mickleham, VIC, is situated in the sought-after Merrifield Estate. With five self-contained bedrooms, modern amenities, and strong rental yield potential, it is an excellent opportunity for investors looking for a secure and long-term asset in Melbourne’s northern growth corridor.

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