Lot 1 Werribee VIC

Description

This is a 9-bedroom Rooming House investment property located in Werribee, VIC 3030. Designed in full compliance with 1B Housing standards, this turnkey property offers high-yield potential. Each bedroom is self-contained with individual ensuite and air conditioning, making it ideal for the rental market. The property includes full premium inclusions and energy-efficient features.

Suburb profile:

Werribee is a growing suburb located 32 km south-west of Melbourne’s CBD. Known for its affordability and accessibility, Werribee features established amenities including shopping centres, schools, public transport and the Werribee River parklands. With ongoing infrastructure and residential development, the suburb continues to attract investors and tenants seeking quality housing in a convenient location.

Site Inclusions - Site Works, Foundations & Connections:

• All classes of waffle-pod slab up to “P” class as per engineer's design
• Connection to sewer points up to 2500mm below natural ground level
• Earthworks and removal of excess spoil up to 500mm site cut
• Fixed site costs up to 500mm site fall and P waffle slab as required
• Stormwater riser pipe for front/rear drains if required
• Unlimited concrete bored piers (450mm diameter, 2000mm deep) and concrete pump
• Up to 15m³ of rock excavation including hammer and removal

Preliminary Inclusions:

• Fixed site costs are based on Level 1 Compaction Report being provided by the client/developer
• Connection to recycled water system as required by the authority
• NBN connection
• 450mm eaves to front façade of dwelling up to 20 linear metres

Internal Inclusions:

• Laminate hybrid flooring in living areas and designated rooms
• Builders range tiles to wet areas, kitchen splashback and laundry splashback
• Roller holland blinds throughout
• 2340h x 1020w front door in lieu of standard
• Linen cupboard with four melamine shelves and key locks for each tenant
• Each bedroom includes ensuite, kitchenette with stone benchtop, bar fridge and microwave space

External Inclusions:

• Coloured concrete driveway up to 35m²
• Remote-control sectional panel lift garage door with transmitters
• Timber paling boundary fencing including wing gate
• Letterbox
• Ground/wall-mounted clothesline

Landscaping Inclusions:

• Front and rear low-maintenance landscaping with turf

Electrical Inclusions:

• Wall-mounted inverter split system (2.5KW) in each bedroom
• Wall-mounted inverter split system (5.0KW) in living area
• Three-phase power
• Video camera security system (4 cameras – internal and external)
• TV antenna

Appliance Inclusions:

• 900mm cooktop
• 600mm dishwasher
• Rangehood
• Oven
• Double bowl above mount sink with mixer in kitchen
• Stainless steel laundry trough with mixer
• 2 chrome washing machine stops

Upgraded Inclusions:

• Handicap ensuite to Bedroom 1 with accessible fittings and fixtures
• Garage fittings for disability access including ramp and safety bollards
• Acoustic plasterboard throughout
• Front door upgrade to 2340h x 1020w
• Internal door upgrade to 920w (x2)
• MATT BLACK TAPWARE PACKAGE $960

9 beds - Optional $22,200 Furniture package includes

• Queen Beds with Mattresses
• Side Tables & Study Chairs
• Sofas, TV Unit, Coffee Table, Artwork
• Microwave, Fridge & Bar Fridge
• Dining Table, Chairs & Bar Stools
• Full Cookware, Cutlery & Kitchenware Set
• Laundry Appliances, Iron & Cleaning Tools

Energy Efficiency:

• 5KW solar panel system
• 4 x Rinnai Infinity 26 instantaneous hot water systems

Warranties:

• 10-year structural warranty

This Rooming House offers an excellent investment opportunity with high rental yield and strong long-term growth projections. Fully compliant with Rooming House standards and equipped with premium turnkey features, it presents a low-maintenance, high-return property ideal for investors.

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 priorities 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 young professionals and older singles generally seek this accommodation category.

- Tax depreciation benefits from fixtures and fittings.

- Income security, with income flow even when one tenant moves out.