Stringybark Drive, Lara VIC
City of Greater Geelong, VIC, 3212$ 898,000
Overview
Property ID: LA-9837
- SDA
- Property Type
- 2+OOA
- Bedrooms
- 3
- Bathrooms
- 1
- Cars
- 177
Details
Updated on Jan 16, 2025 at 05:39 pm
Property Type: | SDA |
---|---|
Price: | $ 898,000 |
Land Price: | $ 382,000 |
Build Price: | $ 516,000 |
Gross Per Week: | $ 3,626 |
Gross Per Annum: | $ 188,536 |
Gross Yield: | 21.00% |
Capital Growth 12 Months: | -0.78% |
Capital Growth 10 Year Annualised: | 6.29% |
Vacancy Rate: | 2.14% |
Property Size: | 177 m2 |
Land Area: | 468 m2 |
---|---|
Bedrooms: | 2+OOA |
Bathrooms: | 3 |
Parking: | 1 |
Title Status: | Titled |
Property ID: | 9837 |
SKU: | 1036 |
Description
This is a newly constructed High Physical Support property located in the scenic suburb of Lara. It features a west-facing orientation and is situated within the premium Lara Lakes Estate.
Suburb profile:
Lara is a family-friendly suburb in the Greater Geelong Region of Victoria. Known for its blend of urban convenience and rural charm, the area boasts excellent schools, green spaces, and proximity to major transport routes, making it a desirable place for both residents and investors.
Site Inclusions - Site Works, Foundations & Connections:
- Engineer-designed slab suitable up to P classification.
- Site fall allowance of 500mm.
- Termite treatment.
- Temporary fencing.
- Includes rock excavation and removal.
Preliminary Inclusions:
- Soil test.
- Site survey.
- Building permit.
- Energy rating (minimum 7-star).
Internal Inclusions:
- Painted plasterboard.
- Hybrid timber-look flooring.
- Ceramic tiling in wet areas.
- Full kitchen cabinetry with laminate finishes.
- Compliant door furniture.
- Window coverings.
- Built-in storage with mirrored sliding doors.
External Inclusions:
- Face brickwork.
- Acrylic render features.
- Colorbond roof tiles.
- Aluminum-framed windows.
- Colorbond garage door.
- Outdoor alfresco area with concrete flooring.
Landscaping Inclusions:
- Coloured concrete driveway.
- Turf.
- Drought-resistant plants.
- Letterbox.
- Clothesline.
- Compliant designs adhering to SDA standards.
Electrical Inclusions:
- White LED downlights.
- Double power points.
- Floodlights with motion sensors.
- Provision for future automation systems such as blinds and doors.
- Emergency power backup for critical systems.
Appliance Inclusions:
- 600mm electric oven.
- Cooktop.
- Undermount rangehood.
- Double-drawer dishwasher.
- Electric heat pump hot water system.
Energy Efficiency:
- 7-star energy rating.
- Insulation throughout external walls and ceilings.
- Multi-head split system air conditioning.
- PV solar system.
Other Details:
- Price excludes fire sprinkler system; an additional $25,000 is required for this feature.
This high-quality property is thoughtfully designed to meet High Physical Support standards, making it an excellent choice for participants or investors seeking an accessible and compliant home in a thriving region.
SDA – Specialist Disability Accommodation – High Physical Support
SDA Accommodation:
An SDA home, which stands for Specialist Disability Accommodation, is a type of housing designed to meet the specific needs of individuals with significant disabilities who require high-level support and specialised accommodation. SDA aims to provide suitable housing options for participants with complex support needs.
High Physical Support Housing:
High physical support housing includes a high level of physical access for people who need very high levels of support. For example, you may need a ceiling hoist, backup power supply, or home automation and communication technology.
Benefits for Participants:
Improved Quality of Life: SDA homes are tailored to provide accessible and inclusive living environments, promoting independence, comfort, and safety for participants.
Benefits of SDA:
Cost Effectiveness: SDA aims to reduce the overall cost of disability support by providing suitable housing options. Offering appropriate accommodation can help prevent or minimise the need for more expensive, institutionalised care settings.
Benefits for the Community:
Inclusion and Accessibility: SDA homes create inclusive communities by providing accessible housing options for individuals with disabilities. This promotes social integration and enables participants to participate more fully in community life.
Benefits for Property Investors:
- Sustainable Financial Returns: Investing in SDA homes can provide property investors with stable, long-term rental income due to the ongoing demand for specialised accommodation for individuals with disabilities.
- Secure Tenancy: SDA homes often come with secure, long-term tenancy agreements, providing property investors greater stability and reduced vacancy rates.
- Ethical and Social Impact: Investing in SDA homes allows property investors to make a positive social impact by supporting individuals with disabilities and creating inclusive communities.
- Government Support: SDA provides financial incentives for property investors who choose to invest in SDA homes, offering potential financial benefits and enhancing the viability of such investments.
Overall, investing in SDA homes can offer property investors a combination of financial stability, social impact, and government support, making it an attractive investment option.
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.