Lot 1083 Wellington Point QLD

Description

This rooming house package is located in Wellington Point, QLD. Offering proximity to local amenities and parks, it is situated just 1.8km from Raby Bay and 35 minutes from Brisbane CBD. It includes five fully self-contained studios, each designed for individual rental opportunities, making it a lucrative investment choice.

Suburb Profile:

Wellington Point is a scenic suburb in Redland City, QLD, known for its waterfront views and vibrant community. It offers excellent connectivity to Brisbane CBD, recreational facilities, and high-quality schools, making it desirable for families and professionals alike.

Internal Inclusions:

• High-density wall insulation for soundproofing
• Block-out blinds on windows and doors
• Reverse cycle air-conditioning units
• Mirrored wardrobes with shelving
• LED lighting throughout
• Smoke detectors
• Tiled shower niches
• Modern bathroom vanities

External Inclusions:

• Safety screens for windows and sliding doors
• Concrete driveway and paths
• Durable external materials

Landscaping Inclusions:

• 120m2 of landscaping
• 60 linear meters of fencing

Electrical Inclusions:

• Hardwired smoke detectors
• Digital door locks
• 13kW photovoltaic solar system

Appliance Inclusions:

• Reverse cycle air-conditioners
• ABS showerheads
• Premium WELS-rated fittings

Upgraded Inclusions:

• Additional soundproofing measures
• Energy-efficient designs

Furniture Pack Inclusions:

• Includes furniture and appliances for five studios and a common area
• LED Smart TVs
• Fridge/freezers
• Washing machines
• Living and bedroom furniture
• Full set of kitchenware

Energy Efficiency:

• 13kW photovoltaic solar system
• Energy-efficient lighting
• Appliances

Warranties:

• Six-year structural guarantee
• One-year material and workmanship guarantee from practical completion

Other Details:

• Optional furniture package for $28,000 fully installed and tenant-ready, providing a complete turnkey investment opportunity.

This property offers a high-yield investment opportunity in a desirable location, equipped with premium inclusions and designed for both comfort and functionality.

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.