Lot 182 Woodstock St., Shepparton VIC

Description

This modern Rooming House in Shepparton delivers a compelling opportunity for both investors and homeowners. Featuring 5 bedrooms, 5 bathrooms and 2 car space/s, it is designed to maximise space, comfort and functionality. Its contemporary design ensures low maintenance while maintaining strong visual appeal. Located in a high-growth area, it supports both steady rental income and long-term appreciation. A property built with both practicality and performance in mind.

Suburb profile:

Shepparton is a major regional centre in Victoria known for its strong agricultural economy, healthcare services, and growing population. The city offers quality schools, shopping centres, and transport connections while maintaining relatively affordable property prices compared to metropolitan markets. Continued infrastructure investment and employment growth are driving strong rental demand. Investors are attracted to Shepparton for its affordability, stable rental market, and strong yield potential.

Inclusions:

• Rental appraisal up to $300 per room
• Class 1B council approved boarding home
• 2590mm high ceilings
• 5 bedrooms plus large living area
• 5 bathrooms
• 5 kitchenettes throughout
• Full furniture package
• High-quality flooring throughout
• 6 split system units
• Full landscaping front and rear
• Fencing, letterbox and clothesline
• 3.5kW solar system
• Concrete driveway
• Blinds to windows and sliding doors
• Flyscreens to openable windows

Designed to perform in today's rental market, this Rooming House in Shepparton combines reliable yield with capital appreciation potential. It's a well-rounded opportunity that fits both short-term goals and long-term strategies. A solid investment you can depend on.

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 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 similar 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 close proximity to transport, shopping centres, restaurants, cafés, and community hubs, making them an attractive choice for tenants.

Typical rooming house tenants include 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 future-focused investment opportunity. Rooming house properties consistently maintain higher occupancy rates, lower vacancy rates, and reduced turnover compared to traditional rentals. This aligns with the growing demand for affordable and flexible housing solutions in urban settings.

Additionally, rooming house properties often boast stronger capital growth potential due to their prime locations with access to transport, education, employment, and entertainment hubs.

Why are rooming houses so attractive to investors?

• High Demand: Rooms are in strong demand, ensuring quicker occupancy.
• Higher Yields: Often double the suburb average.
• Diverse Tenant Base: Young professionals and older singles commonly seek this style of accommodation.
• Tax Depreciation: Potential benefits from fixtures and fittings.
• Income Security: Steady income flow even when one tenant moves out.