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Overview
Property ID: LA-11471
- Co-Living
- Property Type
- 3
- Bedrooms
- 3
- Bathrooms
- 1
- Cars
- 129
Details
Updated on Mar 06, 2025 at 11:19 am
Property Type: | Co-Living |
---|---|
Price: | $ 729,000 |
Land Price: | $ 367,000 |
Build Price: | $ 362,000 |
Gross Per Week: | $ 900 |
Gross Per Annum: | $ 46,800 |
Gross Yield: | 6.42% |
Capital Growth 12 Months: | 2.18% |
Capital Growth 10 Year Annualised: | 6.58% |
Vacancy Rate: | 1.01% |
Property Size: | 129 m2 |
Land Area: | 282 m2 |
---|---|
Bedrooms: | 3 |
Bathrooms: | 3 |
Parking: | 1 |
Title Status: | Titled |
Property ID: | 11471 |
SKU: | 1036 |
Description
This co-living property is designed for modern shared living, offering three bedrooms, each with its own bathroom, and a single-car garage. It is part of the Nelson Village Estate in Cranbourne East, VIC. This design provides a functional and contemporary living space that is fully turnkey, making it an ideal investment opportunity.
Suburb Profile:
Cranbourne East is a rapidly growing suburb in Melbourne’s southeast, known for its residential expansion and excellent amenities. The suburb features schools, shopping centers, and recreational facilities, making it attractive to families and investors. Strong infrastructure development and increasing demand for rental properties contribute to its investment appeal.
Site Inclusions:
- Engineer Site Assessment & Survey
- Building Permit
- Energy Rating Report (min. 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 front of home (where available)
- Telephone, Electricity & Gas by Builder (Connection Fees by Owner)
Preliminary Inclusions:
- Engineer Designed Slab – Up to P Classification (no piers or suspended slab allowed)
- Site fall over building area no greater than 500mm
- Rock excavation & removal allowance included (explosives & core drilling not included)
- Termite Treatment
- Temporary Fencing
- Site Signage & Waste Management to meet Council Requirements
Internal Inclusions:
- Carpet to bedrooms & lounge
- Laminate timber look flooring to family living areas & kitchen
- 10mm plaster board to walls & ceilings
- Water-based acrylic paint to all walls & ceilings
- Gloss enamel paint to internal doors, skirting, and architraves
- Privacy lock to bathroom, ensuite, and powder room
- Blockout roller blinds with chain winder to all windows and external doors
External Inclusions:
- Rendered lightweight cladding or painted cement sheet cladding
- Painted infill above garage door (design specific)
- Concrete roof tiles
- Colorbond fascia, guttering, and downpipes
- Feature Aluminium Windows to front façade
- Aluminium Windows & External Doors to remainder
- Keyed locks provided to all openable windows and doors
- Aluminium Framed Flyscreens to all openable windows
- Feature Front Entry Door (design specific)
- Programmable Entry Lockset with PIN Code keypad to front entry door
Landscaping Inclusions:
- Coloured concrete driveway & path to front porch
- Turf to front & rear garden
- Drought-resistant planting to garden beds with mulch
- Letterbox
- Ground-mounted folding clothesline
Electrical Inclusions:
- White LED downlights throughout house
- White LED downlights to entry & covered outdoor area
- 1 fluorescent strip light to garage
- Floodlight with sensor outside external doors
- Double power points throughout house
- Single power points to fridge and dishwasher space
- 1 TV point (living)
- Telephone / Data points (kitchen & bedrooms)
- Ducted exhaust fans with timer to bathroom, ensuite, laundry, powder
- RCD Safety Switch
Appliance Inclusions:
- 900mm electric oven stainless steel
- 900mm electric cooktop
- 900mm rangehood stainless steel
- Dishwasher freestanding underbench stainless steel
Upgraded Inclusions:
- Add $9,000 for upgrade to multi-head split system to beds & living
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
Energy Efficiency:
- PV System to meet energy rating requirements
- Insulation to all external walls & ceilings as defined in home-specific energy rating report
Warranties:
- 3-month maintenance
- 10-year structural warranty
This co-living property in Cranbourne East is a modern investment opportunity in a high-growth suburb. With a fully turnkey package and premium inclusions, it provides a hassle-free investment with strong rental appeal and long-term value.
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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Melbourne, VIC, 3024ENQUIRE ABOUT THIS PROPERTY
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Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.
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.