Lot 1123 Manly West QLD

Description

This stunning rooming house property in Manly West, QLD offers a premium investment opportunity designed for maximum rental yield. With five spacious studios, each featuring its own bathroom and living area, plus six designated parking spaces, this turnkey solution comes fully equipped for high-occupancy rental. Boasting a build size of 200m² on a 455m² block, it provides modern, self-contained accommodations in a high-demand area. Investors can expect impressive returns with a projected $2,240 weekly rental income and 8.41% gross yield.

Suburb profile:

Manly West is a coastal suburb located in Brisbane’s eastern region, known for its leafy streets, bayside charm, and family-friendly environment. Just minutes from the Wynnum Esplanade and 50 metres from local transport, it combines accessibility with lifestyle appeal. The suburb is highly sought-after due to its proximity to public transport, schools, parks, and waterfront attractions. With a strong rental market and ongoing gentrification, Manly West continues to attract professionals, downsizers, and investors alike.

Inclusions:

• Truecore® steel frame & trusses with BlueScope 50-year structural warranty
• Fixed price inclusion list
• Exclusive rooming house builder using QC1 New Home Construction Contract
• 1-year material and workmanship guarantee
• 4 colour schemes curated by an interior designer

Internal Inclusions:

• High-density insulation for acoustic control
• Flush panel solid core doors to each studio
• 3-coat Dulux paint system
• 6 digital door locks with BLE & WIFI
• Reverse cycle split system air-conditioner in each studio
• 2 ceiling fans per studio + 1 in common area
• Built-in wardrobes with mirror finish and shelving
• Blockout roller blinds on windows and vertical blinds on glass doors

External Inclusions:

• Barrier safety screens to all openable windows and sliding doors
• Concrete driveway, crossover, car parks, patios, paths
• Tiled shower niches

Landscaping Inclusions:

• 120m² of landscaping
• 60 lineal metres of fencing
• Clothesline pads included

Electrical Inclusions:

• Emergency lighting and smoke alarms for Class 1B compliance
• Hardwired smoke detectors with battery backup

Appliance Inclusions:

• WELS-rated chrome mixers
• ABS shower heads on rails
• Vitreous China toilet suites

Energy Efficiency:

• 13kW photovoltaic solar system (owner connection)

Warranties:

• 50-year BlueScope structural warranty
• 1-year workmanship warranty

This rooming house property in Manly West represents a rare opportunity to invest in a high-yield, low-risk housing model that aligns with growing demand for single-occupant dwellings.

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.