Lot 1109 Cleveland QLD

Description

This exceptional rooming house property in Cleveland, QLD offers an outstanding investment opportunity with strong rental returns and premium inclusions. Designed to accommodate five self-contained studios, each with its own private amenities, this 200m² build sits on a 456m² lot. With a weekly rental return of $2,200, this high-yield asset is perfectly suited for SMSF investors seeking low-risk, high-growth opportunities. The property comes fully turnkey, including solar, landscaping, and driveway provisions.

Suburb profile:

Cleveland is a thriving coastal suburb located within Redland City, southeast of Brisbane. Known for its scenic bay views, transport accessibility, and proximity to Cleveland train station and major retail hubs, the suburb appeals to professionals, retirees, and tenants seeking a balanced lifestyle. The area also offers abundant dining, medical, and recreational amenities. With consistent demand and low vacancy rates, Cleveland remains a reliable investment location.

Inclusions:

• Truecore® steel frame & trusses with 50-year structural warranty
• Fixed price turnkey package
• One-part contract available for SMSF
• Reverse-cycle air conditioning in each studio
• Flush panel solid core entry doors for each studio
• Dulux 3-coat paint system
• Digital door locks with BLE & Wi-Fi
• High-density acoustic insulation

Site Inclusions - Site Works, Foundations & Connections:

• Concrete to driveway, crossover, car parking, patios, and paths

Internal Inclusions:

• Sliding mirror wardrobes with melamine shelving
• Ceiling fans in all rooms and common area
• Tiled shower niches
• WELS-rated chrome mixers and ABS shower heads
• Vitreous China toilet suites

External Inclusions:

• Barrier safety screens on all openable windows and sliding doors

Landscaping Inclusions:

• 120m² landscaping
• 60 lineal meters of fencing

Electrical Inclusions:

• Emergency lighting and smoke alarms compliant with Class 1B
• Hard-wired smoke detectors with battery backup

Energy Efficiency:

• 13kW photovoltaic solar system (connection by owner)

Warranties:

• 1-year workmanship & material guarantee
• 50-year steel frame structural warranty

This rooming house property is an ideal high-yield, SMSF-suitable investment with low vacancy risk and future-proof demand due to shifting housing trends and premium location advantages.

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.