Tuff Street, Werribee VIC (5 beds)

Description

This co-living property features five bedrooms, each with its own bathroom, making it ideal for shared accommodation. Located in Cornerstone Estate, Werribee, this turnkey investment offers strong rental yield potential. The home includes a comprehensive set of inclusions such as split system air-conditioning, stone benchtops, stainless steel appliances, roller blinds, and full landscaping. The property is already titled and offers a land rebate, enhancing its value proposition for investors.

Suburb profile:

Werribee is a growing suburb located approximately 32 km southwest of Melbourne's CBD. It offers excellent access to public transport, schools, shopping centres, and recreational amenities. The area is popular with both families and investors due to ongoing infrastructure development and strong rental demand. Werribee also benefits from proximity to employment hubs and freeway connections.

Site Inclusions - Site Works, Foundations & Connections:

• Engineer designed slab up to P classification
• Site fall allowance up to 500mm
• Rock excavation and removal allowance
• Termite treatment
• Temporary fencing
• Site signage and waste management
• Stormwater, sewer, water and power to existing infrastructure
• Recycled water (where applicable)
• NBN run-in to front of home (where available)
• Telephone, electricity and gas (connection fees by owner)

Preliminary Inclusions:

• Engineer site assessment and survey
• Building permit
• Energy rating report (minimum 7-star)
• Bushfire (BAL) compliance (where applicable)

Internal Inclusions:

• 2590mm nominal ceiling height to ground floor
• 10mm plasterboard to walls and ceilings
• Water-resistant plasterboard to wet areas
• 75mm cove cornice throughout
• Flush panel internal doors
• Chrome internal door furniture
• Programmable PIN code entry locks to all bedroom doors
• Privacy locks to bathroom, ensuite, powder (design specific)
• Paint to all internal walls and ceilings
• Carpet to bedrooms and lounge (design specific)
• Laminate timber-look flooring to living and kitchen areas
• Ceramic floor and wall tiles to wet areas
• Window roller blinds
• Storage with built-in robes and linen (design specific)
• Stainless steel laundry trough and cabinet
• Mixer tapware
• Hot and cold washing machine stops
• White LED downlights (design specific)
• White wall-mounted switches and GPOs
• Smoke detectors hardwired with battery backup
• Exhaust fans with timer interlocked to lights
• TV point to living (no antenna included)
• Telephone/data points to kitchen and bedrooms
• Entry lockset to external and internal doors
• Staircase carpet finish with painted balustrade (double storey only)

External Inclusions:

• Concrete roof tiles
• Colorbond fascia, guttering, downpipes
• Face brickwork with rendered features (design specific)
• Aluminium windows with keyed locks and flyscreens
• Feature front entry door
• Programmable PIN code entry lock
• Painted infill above garage (design specific)
• Garage with sectional Colorbond door and 2 remotes
• Garage plastered ceiling and walls
• External access doors (design specific)
• Outdoor alfresco area with plaster ceiling and concrete slab (design specific)
• Two external taps (front and rear)
• Boundary fencing in accordance with estate requirements

Landscaping Inclusions:

• Coloured concrete driveway and front path
• Turf to front and rear garden
• Mulched garden beds with drought-tolerant plants
• Letterbox
• Ground-mounted folding clothesline
• Landscaping design determined by builder

Electrical Inclusions:

• White LED downlights throughout
• Floodlight with sensor outside external doors (design specific)
• Power points throughout (extent design specific)
• Single power points to fridge and dishwasher spaces
• Garage fluorescent strip light
• Smoke detectors hardwired with battery backup
• Telephone/data points in kitchen and bedrooms
• TV point (cable coiled in roof space, antenna not included)
• Exhaust fans with timer
• RCD safety switch

Appliance Inclusions:

• 900mm electric oven
• 900mm electric cooktop
• 900mm rangehood
• Dishwasher – freestanding underbench
• Microwave provision (design specific)
• 1¾ bowl stainless steel sink
• Sink mixer tap

Upgraded Inclusions:

• Add $9,500 to upgrade to multi-head split system to bedrooms and living area

Energy Efficiency:

• Minimum 7-star energy rating
• PV system to meet energy rating requirements
• Insulation to all external walls and ceilings
• Heat pump hot water system with gas booster or electric heat pump

Warranties:

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

This co-living property in Werribee offers a fully turnkey investment opportunity with strong rental yield potential, quality finishes, and energy-efficient design. Its titled status and included land rebate add to the property’s appeal for savvy 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