Lot 1129 Velvet Way, Tarneit VIC

Description

This brand new rooming house in Tarneit delivers outstanding value for investors looking for immediate returns. Located in the Marigold Estate, this 5-bedroom, 5-bathroom property is fully titled and ready to go, boasting a build size of 240m² on a generous 400m² block. With a full turnkey package and an expected weekly rent of up to $1,600, this high-yield property is the perfect set-and-forget investment in Melbourne’s growing west.

Suburb profile:

Tarneit is a booming suburb in Melbourne’s western corridor, celebrated for its masterplanned estates, shopping centres, and reliable transport options including its own train station. With a mix of families, students, and professionals, the area’s rapid population growth has created a surge in rental demand. Tarneit is supported by infrastructure investment, education hubs, and access to major employment zones, making it a sought-after location for long-term property investment.

Inclusions:

• 2700 mm Ceiling Height
• 1B Housing Type Compliance
• Full T-Key Inclusions
• Keyless Lock - Main Entrance Door & All Bedroom Doors
• Additional Hot Water System For Additional Ensuites
• Air Conditioner In All Bedrooms & Living Area
• Hybrid Flooring to Bedrooms & Living and Tiles to the Wet Areas
• 10 Year Structural Warranty
• 900 mm Cooktop and 600 mm dishwasher in kitchen
• 2340h x 920w front door in lieu of standard

Warranties:

• 10 Year Structural Warranty

This rooming house offers investors a fully titled, high-return asset in a rapidly developing suburb, ideal for strong capital growth and consistent rental demand.

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.