
Overview
Property ID: LA-10871
- Co-Living
- Property Type
- 4
- Bedrooms
- 4
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Apr 11, 2025 at 01:39 pm
Property Type: | Co-Living |
---|---|
Price: | $ 850,000 |
Land Price: | $ 428,000 |
Build Price: | $ 422,000 |
Gross Per Week: | $ 1,040 |
Gross Per Annum: | $ 54,080 |
Gross Yield: | 6.36% |
Capital Growth 12 Months: | 0.85% |
Capital Growth 10 Year Annualised: | 6.02% |
Vacancy Rate: | 2.30% |
Property Size: | 205 m2 |
Land Area: | 392 m2 |
---|---|
Bedrooms: | 4 |
Bathrooms: | 4 |
Parking: | 2 |
Title Status: | September 2025 |
Property ID: | 10871 |
SKU: | 1036 |
Description
This co-living property offers a contemporary living solution designed for multiple occupants. Located in Merrifield Estate, Plimsoll Street, Mickleham, this property is an ideal investment opportunity with a fixed-price turnkey package. The property features four bedrooms, four bathrooms, and a two-car garage, ensuring comfort and convenience. The total house area is 205.39m² on a 392m² land parcel. The title date is set for September 2025, and the property comes with premium inclusions.
Suburb Profile:
Mickleham, VIC, is a fast-growing suburb in Melbourne’s north, known for its modern housing estates and family-friendly environment. It offers excellent access to amenities, including schools, parks, shopping centers, and transport links. The suburb is popular among investors and homebuyers due to its ongoing infrastructure developments and proximity to Melbourne’s CBD.
Site Inclusions - Site Works, Foundations & Connections:
- Engineer site assessment & survey, building permit, energy rating report (minimum 7-star), bushfire (BAL) compliance where applicable, stormwater, sewer, water & single-phase underground power connection, recycled water (where applicable), NBN run-in to the front of the home, telephone, electricity & gas provided by the builder (connection fees by the owner), engineer-designed slab (up to P classification), termite treatment, rock excavation & removal allowance included, temporary fencing, and site signage & waste management.
Internal Inclusions:
- 2590mm high ceilings on the ground floor.
- Engineered stone benchtops in the kitchen and bathrooms.
- Laminate cabinetry with chrome handles.
- Inset vanity basins with chrome tapware.
- Semi-framed shower screens and freestanding bath (design specific).
- Mixer tapware in kitchen, bathrooms, and laundry.
- Privacy locks to bathrooms and powder rooms.
- Blockout roller blinds to all windows and external doors.
- Robes with mirror sliding doors, hanging rails, and shelving.
- Gas ducted heating and a split-system air-conditioning unit in the main living area.
External Inclusions:
- Concrete roof tiles.
- Colorbond fascia, guttering, and downpipes.
- Rendered and painted external finishes as per final drawings.
- Feature aluminum windows on the front facade.
- Sectional Colorbond garage door with two remote controls.
- Outdoor living/alfresco area with a plaster-lined ceiling and concrete slab flooring.
Landscaping Inclusions:
- Coloured concrete driveway and path to the front porch.
- Turf in front and rear gardens.
- Drought-resistant plants and mulch in garden beds.
- Letterbox and folding clothesline.
- Landscaping design determined by the builder.
Electrical Inclusions:
- LED downlights throughout the house, including entry and outdoor areas.
- Fluorescent strip light in the garage.
- Floodlight with a sensor outside external doors (design specific).
- Double power points throughout the house.
- TV point in the living area (antenna not included).
- Telephone and data points in the kitchen and bedrooms.
- Hardwired smoke detectors 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 dishwasher.
- Stainless steel sink with a mixer tap.
Upgraded Inclusions:
- $14,100 upgrade for a multi-head split system in bedrooms and living areas.
Energy Efficiency:
- Minimum 7-star energy rating.
- Heat pump hot water system with a natural gas booster (or electric heat pump if gas is unavailable).
- PV solar system to meet energy rating requirements.
Warranties:
- Three-month maintenance period.
- 10-year structural warranty.
This co-living property in Mickleham presents a unique investment opportunity, offering modern design, premium inclusions, and a high standard of living. With its turnkey features, energy-efficient systems, and strategic location, this property is an excellent choice for investors looking for long-term 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
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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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.