Lot 101 Powell Drive, Hoppers Crossing VIC

Description

This is a 9-bedroom rooming house located at 101 Powell Drive, Hoppers Crossing VIC 3029. It is a fully turnkey investment opportunity with titled land and a modern, high-yield design. The total land size is 567 sqm with a build size of 295 sqm. The estimated rental return is between $2,880 to $3,000 per week.

Suburb profile:

Hoppers Crossing is a suburb in Melbourne’s western corridor within the City of Wyndham. The area benefits from proximity to Werribee Mercy Hospital, train stations, and universities like Victoria University and University of Melbourne. It's an ideal location for rooming house investments due to strong rental yields, infrastructure development, and a growing demand for affordable housing.

Inclusions (provide full details of inclusions):

• Kitchen, Bath & Ensuite, Turnkey Inclusions, Rooming House Pack, Premium T-Key

Site Inclusions - Site Works, Foundations & Connections:

• All classes of waffle-pod slab up to P Class as per engineers design
• Connection to sewer points up to 2500mm below natural ground
• Earthworks and removal of excess spoil up to 500mm site cut
• Stormwater riser pipes if required
• Unlimited concrete bored piers 450mm diameter and up to 2000mm deep
• Up to 15m3 of rock excavation

Internal Inclusions:

• Hybrid flooring to bedrooms and living areas
• Tiles to wet areas
• 2700 mm ceiling height
• Roller Holland blinds throughout
• Acoustic plasterboard for sound reduction throughout house
• Full turnkey inclusions including TV antenna, letterbox, and clothesline
• Provide linen with key locks for each tenant

External Inclusions:

• 2340h x 1020w upgraded front door
• Keyless lock on all bedroom doors
• Timber paling boundary fencing including wing gate
• Remote control to sectional panel lift door
• Three-phase power upgrade
• Provide fittings for disability access including garage ramps and bollards

Landscaping Inclusions:

• Coloured concrete driveway up to 35m2
• Front and rear low-maintenance landscaping

Electrical Inclusions:

• 4-camera video camera security system
• Wall-mounted inverter split system 2.5KW for each bedroom and 5.0KW for living area
• NBN Connection

Appliance Inclusions:

• 900 mm cooktop
• 600 mm dishwasher
• Double bowl above mount sink with U-Studio tapware
• Stainless steel laundry trough
• 20mm stone benchtops in kitchenettes
• 600mm bar fridge space and microwave space

Upgraded Inclusions:

• Upgrade to handicap ensuite in Bed-1 with disability fittings
• Three additional Rinnai Infinity 26 hot water systems
• Ensuite setup for each bedroom

Warranties:

• 10-Year Structural Warranty

This high-yield rooming house investment is located in a prime growth area in Hoppers Crossing. It is a fully turnkey package ideal for investors seeking strong cash flow and tenant demand.

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.