Riceflower Road, Mickleham VIC (3 beds)

Description

This is a co-living investment property located in the Botanical Estate, Mickleham, VIC. The property offers three bedrooms and three bathrooms, catering to the growing demand for shared living arrangements. It is a turnkey home package, ensuring convenience and quality for investors and tenants alike.

Suburb profile:

Mickleham is a rapidly growing suburb in Melbourne’s north, known for its family-friendly environment, parks, and new housing developments. It offers easy access to major roads and public transport, making commuting convenient. The area is experiencing significant infrastructure growth, including schools, shopping precincts, and community facilities, making it an attractive location for both homeowners and investors.

Site Inclusions:

• Engineer Site Assessment & Survey
• Building Permit
• Energy Rating Report (minimum 7-star)
• Bushfire (BAL) Compliance (where applicable)

Internal Inclusions:

• 2590mm high (nominal) ceiling heights on the ground floor / 2440mm high (nominal) to first floor (if applicable)
• Aluminium Windows & External Doors
• Keyed locks to all openable windows and doors
• Aluminium Framed Flyscreens to all openable windows
• Programmable Entry Lockset with PIN Code keypad to the front entry door

External Inclusions:

• Engineer-designed wall frames & roof trusses
• Face brickwork as per final drawings
• Rendered lightweight cladding or painted cement sheet cladding as per final drawings
• Painted infill above garage door (design specific)
• Concrete roof tiles
• Colorbond fascia, guttering, and downpipes
• Feature Aluminium Windows to the front façade (design specific)

Landscaping Inclusions:

• Colored concrete driveway & path to the front porch (design specific)
• Turf to front & rear garden (as per plan)
• Drought-resistant planting to garden beds, including mulch
• Letterbox
• Ground-mounted folding clothesline
• Landscaping design to be determined by the builder

Electrical Inclusions:

• White LED downlights throughout the house (extent design specific)
• White LED downlights in entry & covered outdoor area (extent design specific)
• 1 fluorescent strip light to garage
• Floodlight with sensor outside external doors (design specific)
• Double power points throughout the house
• Single power points to fridge and dishwasher space
• 1 TV point (living area) - does not include antenna, with cable coiled in roof space for owner installation
• Telephone/Data points (kitchen & bedrooms)
• Ducted exhaust fans with timers for bathroom, ensuite, and laundry

Appliance Inclusions:

• 900mm electric oven (stainless steel)
• 900mm electric cooktop
• 900mm rangehood (stainless steel)
• Dishwasher (freestanding under-bench, stainless steel)

3 beds - Optional $24,990 Furniture package includes

• 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

Upgraded Inclusions:

• Add $9,000 for an upgrade to a multi-head split system in bedrooms & living areas

Energy Efficiency:

• Energy Rating Report (minimum 7-star)
• PV System to meet energy rating requirements

Warranties:

• 3-month maintenance
• 10-year structural warranty

Conclusion:

This co-living property in Mickleham offers a strong investment opportunity with a modern, turnkey design. Located in the Botanical Estate, it benefits from the suburb’s ongoing growth and infrastructure development, making it a desirable option for investors looking for high rental yields.

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