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Lot 116, Cobble Spring Estate, Cobblebank VIC

Lot 116, Cobble Spring Estate, Cobblebank VIC

5 Bedroom Co-Living with 9.50% Rental Yield in Growth Corridor

  • 5

    Bedrooms

  • 5

    Bathrooms

  • 2

    Car Spaces

Regular price $889,550

Rooming House

Regular price Sale price $889,550
Sale Sold out
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"Premium turnkey investment in Melbourne's western growth corridor offering exceptional rental returns backed by strong population growth and infrastructure development."

This exceptional investment opportunity at Lot 116, Cobble Spring Estate in Cobblebank represents a strategic entry into Melbourne's rapidly expanding western growth corridor. The property features "The Torcello 12.5" design - a spacious 5-bedroom, 5-bathroom co-living investment with dedicated living areas and premium fixtures throughout its generous 225.3m² floor plan on a 375m² land parcel.

Property analysis by:

Superior Financial Performance

The investment demonstrates impressive financial metrics that outperform standard residential properties:

  • Exceptional 9.50% gross rental yield - significantly higher than the suburb's average yield of 3.82% for standard housing
  • Confirmed weekly rental income of $1,625 validated by INVIDA Property Management (January 2025 appraisal)
  • Strong annual gross income of $84,500 generating substantial positive cashflow
  • Projected 10-year average annual capital growth of 8.10% based on historical performance
  • Property value projected to reach $1,952,721 in 10 years representing an appreciation of over $1 million

Positive Cashflow From Day One

The property feasibility statement indicates:

  • Projected annual cashflow of $5,443.87 before tax
  • Monthly positive cashflow of $453.66
  • Cash-on-cash return of 2.38% (excluding capital growth benefits)
  • Low vacancy risk with 6.51% current vacancy rate trending downward (-24.14% over the last quarter)

Premium Turnkey Package

This offering includes a complete turnkey package with high-quality inclusions that minimize maintenance costs and maximize tenant appeal:

  • Coloured concrete driveway
  • Complete front and rear landscaping
  • Security camera system
  • Quality split system air conditioning
  • TV antennae
  • Premium reconstituted stone throughout
  • Holland blinds
  • Full fencing

Strategic Growth Location

Cobblebank is positioned for substantial growth as evidenced in the comprehensive suburb intelligence report:

  • Located just 41km from Melbourne CBD with excellent transport connectivity
  • Extremely low crime score of 12/100 making it among the safest in the region
  • 10-year average annual capital growth of 8.18% showing consistent market strength
  • Strong local median household income of $2,141 weekly indicating quality tenant pool
  • High buyer demand with "High Online Demand" rating and increasing trend (+10.58% over 36 months)
  • Significant local infrastructure investment including the New Melton Hospital ($751 million - $1 billion) creating 2,400 jobs during construction
  • Major transport infrastructure improvements including High Street Melton Intersection and Melton Highway Duplication

Demographic Advantages

The suburb profile reveals key demographic indicators that support strong ongoing rental demand:

  • Growing population (3,601 residents with continued growth projections)
  • High proportion of professionals (16%) and machinery operators/drivers (19%) providing diverse tenant sources
  • 64% owner-occupier to 36% renter ratio providing balanced local market dynamics
  • Key employment sectors including transport, aged care and retail ensuring employment stability for tenants

Future Growth Potential

The property is positioned to benefit from substantial development activity in the region:

  • Significant development approvals (3,992 in 2024) indicating strong population growth pipeline
  • Recent subdivision applications showing continued developer confidence in the area
  • New Melton Hospital scheduled for completion by mid-2029 will drive healthcare employment and housing demand

Investment Summary

This co-living investment in Cobblebank represents a premium opportunity to secure a high-yielding property in a strategic growth corridor with minimal vacancy risk. The turnkey nature of the property eliminates initial maintenance concerns, while the comprehensive suburb profile demonstrates strong fundamentals supporting both rental income stability and capital growth.

The 9.50% rental yield substantially outperforms traditional investment properties, while the positive cashflow from day one provides immediate financial benefits alongside the long-term capital appreciation potential indicated by the suburb's consistent growth trajectory.

For investors seeking both strong cash returns and capital growth potential in Melbourne's expanding western corridor, Lot 116 in Cobble Spring Estate represents an exceptional opportunity to secure a premium position in a rising market.