Lot 1115 Birkdale QLD

Description

This is a full turnkey rooming house investment property located in Birkdale, Queensland. The home design, known as Rosa, includes 5 bedrooms, 5 bathrooms, and 6 car spaces on an 800m2 block. The property is designed for high-yield rental returns, offering up to $2,160 in weekly rent across all studios. It is SMSF-compliant with one-part contract availability.

Suburb profile:

Birkdale is a bayside suburb located in the Redland City region of Queensland. It offers a blend of coastal lifestyle and suburban convenience, with proximity to shops, public transport, and recreational amenities. It is 1.2km to local shops, 270m to the nearest bus stop, and 1.3km to Birkdale train station, making it attractive for commuters and tenants alike.

Site Inclusions - Site Works, Foundations & Connections:

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

Preliminary Inclusions:

• Fixed price inclusion list
• 1 year material and workmanship guarantee from practical completion

Internal Inclusions:

• High-density wall insulation to internal perimeter walls of each studio
• Flush panel solid core door for each studio entry
• Quality Dulux 3-coat paint system
• Sliding mirror finish wardrobes with aluminium frame, 4 melamine shelves, 2 overhead melamine shelves with a single rail
• 2 ceiling fans per studio (one to bedroom, one to living room)
• 1 ceiling fan in common area
• Tiled shower niche for all showers
• WELS rated chrome plated brass mixers
• ABS shower heads on chrome plated rails
• Vitreous China toilet suites in each bathroom

External Inclusions:

• Barrier safety screens to all openable windows and sliding glass doors
• Block out roller blinds to all openable windows excluding bathrooms
• Block out vertical blinds to all sliding glass doors

Landscaping Inclusions:

• 120m2 of landscaping
• Sixty lineal meters of fencing

Electrical Inclusions:

• Emergency lighting and smoke alarm to comply with Class 1B legislation
• Hard-wired smoke detectors with battery backup
• 6 digital door locks with BLE and WIFI chips
• 1 reverse cycle split system air-conditioner to each studio

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 top-load washing machines
• Furniture for 5 studio bedrooms and living areas
• 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 rooming house in Birkdale offers a high-yield investment opportunity with modern inclusions, a fixed-price turnkey build, and SMSF compatibility. The location's proximity to transport and retail enhances its rental appeal.

Rooming House Properties

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.