Lot 1118 Manly West QLD

Description

This is a rooming house investment opportunity located in Manly West, QLD. The property features five self-contained studios, each with private amenities and premium fitouts. It offers strong rental yield with an estimated return of 8.15 percent. The property comes as a full turnkey package including solar, landscaping, driveway, and fencing allowances. The total build area is 200 square metres on a 425 square metre block.

Suburb profile:

Manly West is a coastal suburb in the eastern part of Brisbane, Queensland. It is well connected to the Brisbane CBD via train and offers proximity to the Manly boat harbour, esplanade, boutique shops, cafes, and restaurants. The area is sought after for its relaxed bayside lifestyle, access to public transport, and community amenities.

Site Inclusions - Site Works, Foundations & Connections:

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

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 melamine bank of shelves and 2 overhead melamine shelves with a single rail
• 2 ceiling fans in each studio one to the bedroom and one to the living room
• 1 ceiling fan in the common area
• Tiled shower niche for all showers
• Block out roller blinds to all openable windows excluding the bathrooms
• Block out vertical blinds to all sliding glass doors
• WELS rated chrome plated brass mixers throughout
• 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

Landscaping Inclusions:

• 120 square metres of landscaping and sixty lineal meters of fencing

Electrical Inclusions:

• 6 digital door locks with BLE and WIFI 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 reverse cycle split system air-conditioner to each studio

Furniture Pack Inclusions:

• Optional furniture package for 28000 fully installed and tenant-ready
• 5 40 inch LED Smart TVs
• 5 223 litre Fridge Freezers
• 2 top-load washing machines
• 5 studios of bedroom and living area furniture
• 1 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 property in Manly West presents a high-yield investment opportunity with full turnkey delivery and premium inclusions. With strong rental returns and low-maintenance features, it is ideal for investors targeting passive income and long-term growth.

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.