Lot 1129 Velvet Way, Tarneit VIC

Description

This rooming house property in Tarneit offers a modern, fully turnkey solution designed for strong cashflow and long-term rental demand. Featuring 5 bedrooms, each with its own ensuite, plus quality inclusions such as air conditioning, hybrid flooring, and premium appliances, it’s built to attract a wide range of tenants. With a titled lot in the Marigold Estate and proximity to amenities, this property provides investors with a solid opportunity in Melbourne’s growing west.

Suburb profile:

Tarneit is one of Melbourne’s fastest-growing suburbs, located within the City of Wyndham. Known for its rapid residential development, excellent transport links including the Tarneit train station, and a wealth of local schools and shopping centres, it continues to attract families and young professionals. The suburb’s strong population growth and planned infrastructure make it a prime location for long-term investment potential.

Inclusions:

• 5B Furniture Pack
• 2700 mm Ceiling Height
• Class 1B Housing Type Compliance
• Full Turnkey Inclusions
• Keyless Lock – Main Entrance Door & all Bedroom Doors
• Additional Hot Water System for Ensuites
• Air Conditioning in all Bedrooms & Living Area
• Hybrid Flooring to Bedrooms & Living, tiles to Wet Areas
• 900 mm Cooktop & 600 mm Dishwasher in Kitchen
• 2340h x 920w Front Door (upgrade)

Warranties:

• 10 Year Structural Warranty

This rooming house property represents a strong investment opportunity with high rental yield and enduring demand in Melbourne’s growth corridor.

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.