Lot 1 Jennys Way, Mildura VIC (6 beds)

Description

This rooming house property in Mildura’s Rosetta Gardens Estate offers a high-quality, full turnkey solution designed for investors. Featuring 6 bedrooms each with an ensuite, this modern build ensures privacy and functionality for tenants while maximizing rental returns. With a land size of 489m² and a house area of 240m², it combines space, practicality, and long-term value. The property comes with a fixed price of $923,000, making it a ready-to-go investment opportunity.

Suburb profile:

Mildura, located in regional Victoria along the Murray River, is a thriving city known for its agriculture, tourism, and strong infrastructure base. It is a hub for citrus, wine, and almond production, offering stable employment opportunities and drawing a diverse tenant base. The area benefits from regional migration and a growing population, driving strong rental demand. With universities, TAFE, healthcare facilities, and seasonal workforce needs, Mildura presents consistent demand for shared and affordable accommodation. Investors also benefit from affordability and attractive yields, with long-term capital growth potential in this regional hotspot.

Inclusions:

• 2700 mm ceiling height
• 1B Housing Type compliance
• Full turnkey inclusions
• Keyless locks for main entrance and all bedrooms
• Additional hot water system for extra ensuites
• Air conditioning in all bedrooms and living area
• Hybrid flooring to bedrooms and living; tiles to wet areas
• 10-year structural warranty
• 900 mm cooktop and 600 mm dishwasher
• 2340h x 920w upgraded front door

Site Inclusions - Site Works, Foundations & Connections:

• Fixed site costs including earthworks and removal of excess spoil
• Waffle-pod slab up to “P” Class as per engineer design
• Connection to recycled water, sewer, stormwater, and NBN
• Rock excavation allowance up to 15m³
• Concrete bored piers up to 2000mm deep where required

Preliminary Inclusions:

• Energy rating assessment
• Building permit
• Developer approval compliance

Internal Inclusions:

• Laminate hybrid flooring to bedrooms and living areas
• Builders range tiles to wet areas and splashbacks
• Linen cupboards with shelves and digital locks
• Roller blinds throughout

External Inclusions:

• Coloured concrete driveway up to 35m²
• Remote control sectional panel lift garage door with transmitters
• Timber paling fencing with wing gate (half share)
• 450mm eaves to front façade

Landscaping Inclusions:

• Front and rear low-maintenance landscaping
• Letterbox – builder range
• Flyscreens to all openable windows

Electrical Inclusions:

• Wall-mounted inverter split system in each bedroom (2.5kW)
• Wall-mounted inverter split system in living area (5.0kW)
• Three-phase power supply upgrade

Appliance Inclusions:

• 900mm U-Studio range appliances
• 600mm U-Studio dishwasher
• Oven, cooktop, undermount rangehood
• Double bowl sink with mixer

Upgraded Inclusions:

• Handicap ensuite to Bedroom 1 with accessibility features
• Garage fittings for disability access including ramps and bollards
• Additional hot water system

Furniture Pack Inclusions:

• Queen beds, mattresses, side tables, and study chairs
• Couches, TV unit, coffee table, and artwork
• Dining table with chairs, fridge, bar fridge, microwave, bar stools
• Cutlery, plates, mugs, cookware, and small appliances
• Laundry package with washing machine, dryer, iron, mop, broom
• Furniture package available for $18,000 (optional)

Energy Efficiency:

• Energy rating report provided
• Efficient split system heating and cooling
• LED lighting throughout

Warranties:

• 10-year structural warranty

This rooming house property in Mildura provides a rare opportunity for investors seeking high rental yields and steady demand. With full turnkey inclusions and a furniture package already included, it delivers strong value, immediate tenant appeal, and long-term growth potential.

Single-person households are on the rise, accounting for a significant 25% of all households in Australia. This trend shows no signs of slowing down, and experts project a continued growth in single-person households, reaching an estimated 3 to 3.5 million over the next two decades. This surge underscores the increasing demand for housing options tailored to individual occupants.

Rooming house properties represent a form of shared accommodation, offering private bedrooms with ensuite bathrooms, and often including living and kitchenette facilities akin to a compact, one-bedroom unit or apartment. These properties appeal to tenants seeking affordable, adaptable, and hassle-free living arrangements that align with their lifestyles and requirements.

Many rooming houses are strategically situated in suburban areas, providing proximity to transportation, shopping centers, restaurants, cafes, and community hubs—making them an enticing choice for tenants.

Typical rooming house tenants encompass young professionals, students, digital nomads, entrepreneurs, creatives, and seniors who prioritize convenience, connectivity, and collaboration.

For investors, rooming house properties offer a compelling value proposition. They present a high-yield, low-risk, and forward-looking investment opportunity. Rooming house properties consistently maintain higher occupancy rates, lower vacancy rates, and reduced turnover compared to traditional rentals. This aligns with the burgeoning demand for affordable and flexible housing solutions in urban settings.

Additionally, rooming house properties often boast higher capital growth potential, given their prime locations with access to transportation, education, employment, and entertainment hubs.

Why are rooming houses so attractive to investors?

• High Demand: Rooms are in high demand, ensuring quick occupancy.
• Higher Yields: Often double compared to the suburb average.
• Diverse Tenant Base: Young professionals and older singles generally seek this accommodation category.
• Tax Depreciation: Benefits from fixtures and fittings.
• Income Security: Steady income flow even when one tenant moves out.