Project Marnham
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Our client acquired this site with an existing three-bedroom, one-bathroom house generating just $500 per week from two tenants. The vision was to transform the property into a high-yield residential project near a busy commercial centre.
The scope included demolishing the original dwelling, subdividing the land (1 into 2), and constructing two modern co-living dwellings. Each dwelling contains five micro-apartments, delivering a total of 10 individual tenancies on the same block.
Target tenants include young professionals, key workers, and downsizers. Leasing was achieved in a rapid four-to-five-week timeframe, demonstrating strong demand for quality, well-located co-living product.
SMART LIVING:
Each micro-apartment includes smart locks for coded access, offering both security and convenience.
ALL-INCLUSIVE:
Tenants pay one rent covering utilities, high-speed internet, and electricity. Solar was increased substantially on this project, reducing energy costs across both dwellings.
FURNISHED PREMIUM:
The apartments are fully furnished with a premium furniture package. Careful attention to colour schemes and finishes creates a fun, stylish environment that drives tenant appeal and retention.
ENHANCED LIVEABILITY:
Every tenant has a dedicated car space (10 in total). A swimming pool from the original house was removed to improve layout and amenity. Early engagement with neighbours ensured strong community support for the project.
PROJECT TEAM
Town Planners, Architects, Builders, Civil Engineers, Private Lender
TIMELINE
Completed November 2024
SUSTAINABILITY FEATURES
Increased solar capacity across both dwellings, smart lock access, all-inclusive utilities.
