Lot 1155 Boondall QLD

Description

This stunning rooming house property in Boondall, QLD, offers investors an excellent opportunity to secure a high-yield, low-maintenance asset designed for strong rental demand. Featuring five self-contained studios, each equipped with private amenities, this property delivers exceptional income potential. Built with quality materials and a full turnkey package, it is ideal for investors seeking a ready-to-rent solution with an impressive return on investment.

Suburb profile:

Boondall is a thriving suburb located approximately 15 kilometres north of Brisbane’s CBD. It offers a convenient lifestyle with close proximity to North Boondall train station, Chermside Shopping Centre, and the Brisbane Entertainment Centre. The suburb provides easy access to schools, parks, and major road networks, making it attractive to both tenants and investors. With its combination of connectivity and lifestyle appeal, Boondall continues to experience steady growth and demand for quality rental housing.

Inclusions:

• Truecore steel frame and trusses backed by a BlueScope 50-year structural warranty
• Fixed price inclusion list and one-year material and workmanship guarantee
• Exclusive rooming house builder with professional interior design colour schemes
• High-density wall insulation for improved acoustic performance between studios
• Reverse cycle split system air-conditioning in each studio
• 6 x digital door locks with BLE and Wi-Fi capability
• Emergency lighting and smoke alarms compliant with Class 1B legislation
• 13kW photovoltaic solar system (connection by owner)

Site Inclusions - Site Works, Foundations & Connections:

• Concrete driveway, crossover, car parking, patios, and paths
• Barrier safety screens to all openable windows and sliding glass doors
• All works completed to a turnkey standard including fencing and landscaping

Preliminary Inclusions:

• Four interior colour schemes curated by a qualified interior designer
• HIA QC1 New Home Construction Contract
• One-year workmanship guarantee from practical completion

Internal Inclusions:

• Flush panel solid core entry doors for each studio
• Quality Dulux three-coat paint system
• Sliding mirrored wardrobes with shelving and hanging rails
• Ceiling fans in both bedroom and living areas of each studio
• Tiled shower niches and Vitreous China toilet suites

External Inclusions:

• High-quality facade and durable construction materials
• Barrier safety screens and block-out blinds to all windows and glass doors

Landscaping Inclusions:

• 120m² of landscaping included
• 60 lineal metres of fencing
• Concrete and paving works to patios and paths

Electrical Inclusions:

• Hard-wired smoke detectors with battery backup
• Digital door locks and energy-efficient LED lighting
• Emergency lighting in common areas

Appliance Inclusions:

• Optional furniture package available at $30,000 fully installed
• Includes TVs, fridges, washing machines, and full kitchen setup

Upgraded Inclusions:

• Photovoltaic solar system and air-conditioning in every studio
• Modern fixtures and premium finishes throughout

Furniture Pack Inclusions:

• Optional $30,000 package includes all appliances, furniture, and decor
• Five smart TVs, five fridge/freezers, two washing machines, and full furnishing of studios and common areas

Energy Efficiency:

• 13kW solar system reducing energy costs
• High wall insulation and energy-efficient lighting

Warranties:

• 50-year BlueScope steel frame warranty
• 1-year material and workmanship guarantee

This premium rooming house property presents a strong investment opportunity with consistent rental demand, premium finishes, and a high gross yield. Designed to meet growing housing needs, it provides long-term income stability and enduring value.

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 centres, 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 prioritise 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.