Talc Street, Cranbourne East VIC

Description

This co-living property is located in Nelson Village Estate at Talc Street, Cranbourne East, VIC 3977. The property is designed as a shared-living investment, featuring a Jersey 23 CL house design with four bedrooms, four bathrooms, and a two-car garage. The total house area is 205.39m² on a 350m² lot. The land is priced at $440,000, while the house is priced at $413,000, bringing the total cost to $853,000. The property is north-facing and is set to be titled in March 2025. It includes turnkey co-living features, ensuring a ready-to-move-in investment. There is an optional upgrade of $14,100 for a multi-head split system in the bedrooms and living areas.

Suburb profile:

Cranbourne East is a thriving suburb in Melbourne's southeast, known for its family-friendly environment, excellent amenities, and growing infrastructure. It offers easy access to shopping centers, schools, parks, and public transport, making it a desirable location for both investors and residents. The suburb has experienced strong property growth and rental demand due to its proximity to employment hubs and ongoing urban development.

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 to existing infrastructure
• Recycled Water (where applicable)
• NBN run-in to the front of the home (where available)
• Telephone, Electricity & Gas provided by the builder; connection fees by the owner
• 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

Preliminary Inclusions:

• 3-month maintenance
• 10-year structural warranty

Internal Inclusions:

• 2590mm ceiling height on the ground floor
• 2440mm ceiling height for the first floor (if applicable)
• 10mm plasterboard to walls & ceilings
• Water-resistant plasterboard to wet areas
• 75mm cove cornice throughout
• Insulation to all external walls & ceilings as per energy rating requirements
• White LED downlights throughout
• White LED downlights in entry & covered outdoor areas
• Double power points throughout (design specific)
• Single power points to fridge & dishwasher space
• 1 TV point in the living area
• Telephone/Data points in the kitchen & bedrooms
• Ducted exhaust fans with a timer to bathroom, ensuite, laundry, and powder rooms (where applicable)
• Hardwired smoke detectors with battery backup
• RCD Safety Switch
• Block-out roller blinds with chain winder to all windows and external doors (excluding obscure-glazed windows or sidelights)
• Chrome door furniture on internal doors
• Privacy locks for bathroom, ensuite, and powder rooms (if applicable)
• Programmable Entry Lockset with PIN Code keypad on all bedroom doors
• Carpet in bedrooms & lounge (design specific)
• Laminate timber-look flooring in family living areas & kitchen, installed after skirting with quad finish

External Inclusions:

• Face brickwork as per final drawings
• Rolled joints with natural color mortar
• Acrylic rendered features on the front façade (design specific)
• 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 aluminum windows to the front façade (design specific)
• Aluminium windows & external doors throughout
• Keyed locks on all openable windows & doors
• Aluminium-framed flyscreens on all openable windows
• Feature front entry door (design specific)
• Programmable entry lockset with a PIN code keypad
• Sectional Colorbond garage door with two remote controls
• Plasterboard lined ceiling & walls with cove cornice in the garage
• Concrete slab floor in the garage
• Hinged external access door with entry lockset (design specific)
• Flush panel hinged internal access door to garage (design specific)

Landscaping Inclusions:

• Coloured concrete driveway & path to the front porch (design specific)
• Turf in the front & rear garden
• Lilydale/Tuscan toppings (as determined by the builder)
• Drought-resistant planting in front & rear garden beds with mulch
• Letterbox
• Ground mount folding clothesline
• Landscaping design determined by the builder
• Boundary fencing (as per estate requirements)

Electrical Inclusions:

• White LED downlights throughout
• White LED downlights in entry & covered outdoor areas
• 1 fluorescent strip light in the garage
• Floodlight with sensor outside external doors (design specific)
• Double power points throughout
• Single power points in fridge and dishwasher space
• 1 TV point in the living room (antenna not included, cable coiled in roof space)
• Telephone/Data points in kitchen & bedrooms
• Ducted exhaust fans in bathrooms, ensuite, laundry & powder rooms (design specific)
• Hardwired smoke detectors with battery backup
• RCD Safety Switch

Appliance Inclusions:

• 900mm stainless steel electric oven
• 900mm electric cooktop
• 900mm stainless steel rangehood
• Freestanding stainless steel under-bench dishwasher
• Microwave provision (design specific)
• 1 & ¾ bowl stainless steel sink with a mixer tap

Upgraded Inclusions:

• Add $14,100 for an upgrade to a multi-head split system in bedrooms & living areas

Energy Efficiency:

• Minimum 7-star energy rating
• PV system to meet energy rating requirements
• Heat pump hot water system with natural gas booster or electric heat pump (if gas is unavailable)

Warranties:

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

This co-living property in Cranbourne East offers a modern, fully turnkey investment opportunity with high rental potential. With four bedrooms, each featuring its own bathroom, and premium inclusions throughout, it is designed to attract tenants looking for comfortable shared living. The property is set in a growing suburb with strong infrastructure and accessibility, making it a great choice for investors.

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