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Overview
Property ID: LA-17391
- Co-Living
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 177
Details
Updated on Aug 26, 2025 at 11:19 am
Property Type: | Co-Living |
---|---|
Price: | $ 768,000 |
Land Price: | $ 359,000 |
Build Price: | $ 409,000 |
Gross Per Week: | $ 1,182 |
Gross Per Annum: | $ 61,464 |
Gross Yield: | 8.00% |
Capital Growth 12 Months: | -0.79% |
Capital Growth 10 Year Annualised: | 5.67% |
Vacancy Rate: | 16.88% |
Property Size: | 177 m2 |
Land Area: | 350 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 17391 |
SKU: | 1036 |
Description
This modern co-living property offers five spacious bedrooms, each with its own private ensuite, designed to provide both comfort and independence. With a generous layout, contemporary finishes, and a double garage, the home balances privacy with shared communal areas, making it an attractive choice for both tenants and investors. Its turnkey design ensures convenience and strong rental appeal in a fast-growing region.
Suburb profile:
Thornhill Park is a rapidly developing suburb in Melbourne’s west, recognised for its affordability and growth potential. The suburb provides easy access to major freeways, rail connections, and nearby schools and shopping precincts, making it ideal for families and professionals alike. Strong infrastructure investment continues to enhance liveability and long-term value. With its combination of lifestyle benefits and connectivity, it appeals to both residents and investors.
Inclusions:
- 2590mm ceiling heights
- Energy rating report (minimum 7 star)
- 3-month maintenance and 10-year structural warranty
Site Inclusions - Site Works, Foundations & Connections:
- Engineer-designed slab – up to P classification
- Stormwater, sewer, water & single-phase underground power
- Recycled water where applicable
- Termite treatment and site signage
Internal Inclusions:
- 20mm engineered stone benchtops
- Laminate cabinetry with chrome handles
- Carpet to bedrooms and laminate timber look flooring to living areas
- Block out roller blinds throughout
External Inclusions:
- Face brickwork with acrylic rendered façade feature
- Concrete roof tiles and Colorbond guttering
- Feature aluminium windows to façade
- Programmable entry lockset with PIN code keypad
Landscaping Inclusions:
- Coloured concrete driveway
- Irrigated turf to front and rear
- Drought-resistant planting with mulch
- Letterbox and clothesline
Electrical Inclusions:
- White LED downlights throughout
- External waterproof power points
- Hardwired smoke detectors with battery backup
- Telephone and data points to kitchen, living & bedrooms
Appliance Inclusions:
- 900mm stainless steel oven, cooktop & rangehood
- 600mm stainless steel dishwasher
- 1 & 1/3 bowl stainless steel sink with mixer tap
Upgraded Inclusions:
- Optional upgrade to multi-head split system for $9,500
Energy Efficiency:
- 280L all-in-one electric heat pump
- PV system to meet energy rating requirements
Warranties:
- 3-month maintenance warranty
- 10-year structural warranty
This premium co-living property delivers a compelling opportunity for investors, combining strong rental appeal with future capital growth potential. Designed for modern living, it offers a balance of private and shared spaces in a location with enduring demand.
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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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.