Lot 1113 Thornlands QLD

Description

This Rooming House investment property is located in Thornlands, QLD, and offers a purpose-built design tailored for high-yield rental returns. With five self-contained studio rooms, each featuring private amenities and split-system air conditioning, the home is designed to attract long-term tenants. The property is turnkey-ready with landscaping, solar, fencing, and driveway included, offering a hassle-free investment option.

Suburb profile:

Thornlands is a bayside suburb located within Redland City, Queensland, approximately 30 km southeast of Brisbane CBD. Known for its family-friendly atmosphere and growing residential development, Thornlands is in close proximity to public transport, shopping centres, schools, and medical facilities, including Redland Hospital. The suburb is also near coastal recreation areas and continues to see strong population growth and infrastructure investment.

Site Inclusions - Site Works, Foundations & Connections:

• Concrete to driveway, crossover, car parking, patios, clothesline pads and paths (where applicable)

Preliminary Inclusions:

• 1 year material and workmanship guarantee from practical completion
• 4 x colour selection schemes created by an interior designer

Internal Inclusions:

• High-density wall insulation to internal perimeter walls of each studio
• Flush panel solid core door for the entry to each studio
• Quality Dulux 3-coat paint system
• Sliding mirror finish with an aluminium frame to wardrobes (including 4 x melamine bank of shelves and 2 x overhead melamine shelves with a single rail)
• 2 x ceiling fans in each studio (one to bedroom, one to living area)
• 1 x ceiling fan in the common area
• 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
• Vitreous China toilet suites in each bathroom

External Inclusions:

• Barrier safety screens to all openable windows and sliding glass doors

Landscaping Inclusions:

• 120m2 of landscaping
• Sixty (60) lineal meters of fencing

Electrical Inclusions:

• 6 x digital door locks with BLE & Wi-Fi chips
• Emergency lighting and smoke alarm to comply with Class 1B legislation
• Hard-wired smoke detectors with battery backup to comply with current legislation

Appliance Inclusions:

• 1 x reverse cycle split system air-conditioner to each studio

Upgraded Inclusions:

• Truecore steel frame and trusses backed by BlueScope 50-year structural warranty

Furniture Pack Inclusions:

• Optional furniture package for $28,000 fully installed and tenant-ready
• 5 x 40 inch LED Smart TVs
• 5 x 223L Fridge/Freezers
• 2 x top-load washing machines
• 5 x studios of bedroom and living area furniture
• 1 x common area furniture finishings and cleaning appliances
• All appliances, cooking, 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
• 1 year material and workmanship guarantee from practical completion

This fully turnkey Rooming House property in Thornlands presents a high-yield, low-maintenance investment opportunity, ideal for SMSF or cash buyers seeking a compliant, income-generating asset in a growing bayside location.

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.