Lot 16 Pryde Court, Shepparton VIC

Description

This impressive rooming house in Shepparton offers a high-yield investment opportunity with a well-designed layout and modern turnkey inclusions. Featuring nine private bedrooms, each with its own ensuite, plus generous communal living spaces, it has been tailored to meet the strong demand for affordable, secure accommodation. With full turnkey delivery and high rental yield potential, this property provides investors with confidence and long-term appeal.

Suburb profile:

Shepparton is a thriving regional hub in Victoria, renowned for its diverse economy, excellent infrastructure, and growing population. The city offers a wide range of amenities including healthcare, education, and retail, making it attractive to both tenants and investors. With its affordable entry point, strong rental demand, and continued infrastructure growth, Shepparton is positioned as one of regional Victoria’s most compelling investment locations.

Inclusions:

• Hybrid flooring to bedrooms and living
• Tiles to all wet areas
• Full turnkey inclusions
• Keyless lock – main entrance door and all bedroom doors
• Additional hot water system for additional ensuite
• Air conditioner in all bedrooms and living area
• 9-bedroom pack

Appliance Inclusions:

• 900 mm cooktop
• 600 mm dishwasher in the kitchen

Upgraded Inclusions:

• 2700 mm ceiling height
• 2340h x 920w front door in lieu of the standard

Energy Efficiency:

• 1B housing type compliance

Warranties:

• 10-year structural warranty

This rooming house presents investors with a high-return opportunity, combining modern finishes, premium inclusions, and a location supported by strong tenant demand. With steady occupancy and exceptional rental yields, it represents a secure and future-proof addition to any investment portfolio.

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.