Lot 1103 Redland Bay QLD

Description

This is a Rooming House investment property located in Redland Bay, QLD, offering a high-yield opportunity. The property consists of multiple self-contained studios, each with independent living facilities. It is a full turnkey package, including solar, landscaping, driveway, and fencing allowances.

Suburb profile:

Redland Bay is a coastal suburb in Southeast Queensland, known for its scenic waterfront, parks, and recreational areas. The suburb offers a relaxed lifestyle while being close to essential amenities. It is well connected with public transport, shopping centers, and dining options, making it a desirable location for both residents and investors.

Internal Inclusions:

• High-density wall insulation to internal perimeter walls of each studio for acoustic transmission
• Flush panel solid core door for the entry to each studio
• Quality Dulux 3-coat paint system
• Sliding mirror finish with an aluminum frame to wardrobes, including 4 melamine shelves and 2 overhead shelves with a single rail
• Tiled shower niche for all showers
• Block-out roller blinds to all openable windows (excluding bathrooms)
• Block-out vertical blinds to all sliding glass doors

External Inclusions:

• Barrier safety screens to all openable windows and sliding glass doors
• Concrete driveway, crossover, car parking, patios, clothesline pads, and paths (where applicable)
• 120m² of landscaping and 60 lineal meters of fencing

Landscaping Inclusions:

• 120m² of landscaping
• 60 lineal meters of fencing

Electrical Inclusions:

• 6 digital door locks with built-in BLE and Wi-Fi chips
• 1 reverse cycle split system air-conditioner to each studio
• Emergency lighting and smoke alarms complying with Class 1B legislation
• Hard-wired smoke detectors with battery backup

Furniture Pack Inclusions:

Optional furniture package available for $28,000, fully installed and tenant-ready, including:

• 5 x 40-inch LED Smart TVs
• 5 x 223L Fridge/Freezers
• 2 x top-load washing machines
• 5 studios furnished with bedroom and living area furniture
• 1 common area furnished, including finishings and cleaning appliances
• All appliances, cooking utensils, crockery, and cutlery

Energy Efficiency:

• 13kW photovoltaic solar system (connection to provider by owner)

Warranties:

• Truecore® steel frame and trusses backed by BlueScope 50-year structural warranty
• Fixed price inclusion list
• 1-year material and workmanship guarantee from practical completion

This Rooming House investment property in Redland Bay offers a high rental yield with a fully turnkey solution. Designed for long-term durability, the property features premium inclusions and an optional furniture package, making it a hassle-free investment opportunity.

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.