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Overview
Property ID: LA-11533
- Co-Living
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 205
Details
Updated on Mar 07, 2025 at 05:49 pm
Property Type: | Co-Living |
---|---|
Price: | $ 789,000 |
Land Price: | $ 350,000 |
Build Price: | $ 439,000 |
Gross Per Week: | $ 1,350 |
Gross Per Annum: | $ 70,200 |
Gross Yield: | 8.90% |
Capital Growth 12 Months: | -3.88% |
Capital Growth 10 Year Annualised: | 6.51% |
Vacancy Rate: | 0.37% |
Property Size: | 205 m2 |
Land Area: | 510 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | Titled |
Property ID: | 11533 |
SKU: | 1036 |
Description
This is a co-living property featuring a five-bedroom, five-bathroom, two-car garage house design. Located in Drouin Fields Estate, this property is ideal for shared living arrangements and offers a turnkey solution for investors. The house spans 205.42m² and is built on a 510m² lot. The property includes modern amenities, energy-efficient systems, and a range of high-quality inclusions.
Suburb profile:
Drouin is a growing suburb in Victoria, known for its scenic countryside, community-oriented living, and accessibility to Melbourne via the Princes Freeway. It offers a mix of urban conveniences and rural charm, making it a desirable location for both homeowners and investors. The suburb features schools, parks, and shopping facilities, along with strong infrastructure development, supporting long-term growth.
Site Inclusions:
- 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 front of home (where available)
- Telephone, Electricity & Gas by Builder (connection fees by owner)
- Engineer-designed slab – up to P Classification (no piers or suspended slab allowed)
- 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
Internal Inclusions:
- 2590mm high (nominal) ceiling heights for the ground floor
- 2440mm high (nominal) ceilings for the first floor (if applicable)
- 10mm plasterboard to walls & ceilings
- Water-resistant plasterboard in wet areas
- 75mm cove cornice throughout
- Water-based acrylic paint for walls & ceilings
- Gloss enamel water-based paint for doors, architraves, and skirting
- Flush panel 2040mm high internal doors
- Chrome door furniture
- Programmable Entry Lockset with PIN Code keypad to all bedroom doors
- Privacy locks to bathrooms, ensuite, and powder room (where applicable)
- Robes with mirror sliding doors, white melamine shelf & hanging rail
- Linen cupboard with four melamine shelves & vinyl sliding doors (design specific)
External Inclusions:
- Face brickwork as per final drawings
- Acrylic rendered features on the front facade (design specific)
- Rendered lightweight cladding or painted cement sheet cladding (design specific)
- Painted infill above garage door (design specific)
- Concrete roof tiles
- Colorbond fascia, guttering, and downpipes
- Feature aluminium windows to front facade (design specific)
- Aluminium windows and external doors to remainder of the house
- Keyed locks on all openable windows and doors
- Aluminium framed flyscreens on all openable windows
- Feature front entry door (design specific)
- Programmable Entry Lockset with PIN Code keypad on front entry door
Landscaping Inclusions:
- Coloured concrete driveway and path to the front porch (design specific)
- Turf to 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
Electrical Inclusions:
- White LED downlights throughout the house (design specific)
- White LED downlights in entry & covered outdoor area (design specific)
- Fluorescent strip light in garage
- Floodlight with sensor outside external doors (design specific)
- Double power points throughout the house (design specific)
- Single power points for fridge and dishwasher space
- One TV point in the living area (antenna installation by owner)
- Telephone/data points in kitchen & bedrooms
- Ducted exhaust fans with timers in bathrooms, ensuite, laundry, and powder rooms (design specific)
- White wall-mounted switches & GPOs
- Hardwired smoke detectors with battery backup
- RCD Safety Switch.
5 beds - Optional $32,990 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
Appliance Inclusions:
- 900mm electric oven, stainless steel
- 900mm electric cooktop
- 900mm rangehood, stainless steel
- Dishwasher, freestanding under-bench, stainless steel
- Microwave provision (design specific)
- 1 & ¾ bowl stainless steel sink
- Sink mixer tap
Upgraded Inclusions:
- Multi-head split system to beds & living area available for an additional $14,100
Energy Efficiency:
- Minimum 7-star energy rating
- PV Solar System to meet energy rating requirements
- Insulation to all external walls & ceilings as per energy rating report
- Heat pump with natural gas booster or electric heat pump (if gas is unavailable)
Warranties:
- 3-month maintenance period
- 10-year structural warranty
This co-living investment property in Drouin Fields Estate offers a modern and fully equipped turnkey solution. With energy-efficient systems, high-quality inclusions, and a well-designed layout, it presents a strong investment opportunity in a growing regional area.
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.