Lot 19 Mitchelton, Brisbane QLD

Description

This full turnkey rooming house investment property in Mitchelton, QLD, is ideal for investors seeking strong rental returns, with an estimated $116,690 annual rental income. Located close to public transport and amenities, this property is designed for energy efficiency and durability, featuring high-quality inclusions tailored to maximize both comfort and investment returns.

Suburb profile:

Mitchelton is a suburb in Brisbane, QLD, known for its convenient access to the CBD, family-friendly environment, and strong rental demand. With proximity to schools, parks, and shopping centers, it is a popular area for both families and young professionals. Mitchelton offers a blend of urban convenience and suburban charm, attracting investors and residents alike.

Site Inclusions - Site Works, Foundations & Connections:

• Concrete for driveway, crossover, car parking, patios, clothesline pads, and paths

Preliminary Inclusions:

• Fixed price contract
• Six-year structural guarantee
• One-year material and workmanship warranty from practical completion

Internal Inclusions:

• High-density wall insulation for acoustic transmission
• Reverse cycle split system air conditioner in each studio
• Ceiling fans in each studio (bedroom and living room) and common area
• Smoke detectors (hardwired with battery backup)
• LED lights throughout
• Vitreous China toilet suites
• Block-out roller blinds for windows and vertical blinds for sliding glass doors
• Sliding mirror wardrobes with melamine shelving

External Inclusions:

• Barrier safety screens for windows and sliding glass doors
• Flush panel solid core entry doors to each studio

Landscaping Inclusions:

• 120 m² of landscaping
• 60 lineal meters of fencing
• Letterbox

Electrical Inclusions:

• 13 kW photovoltaic solar system
• Digital door locks for each studio

Appliance Inclusions:

• WELS rated chrome-plated brass mixers
• ABS shower heads with chrome-plated rails

Upgraded Inclusions:

• Tiled shower niches
• Vanity units in each bathroom
• Two clotheslines

Furniture Pack Inclusions:

• Optional $28,000 fully installed tenant-ready package
• Includes 5 x 40-inch LED Smart TVs, fridges, washing machines, bedroom, living room, and common area furniture, and all essential kitchen and cleaning appliances

Energy Efficiency:

• 13 kW photovoltaic solar system
• High-density wall insulation

Warranties:

• Six-year structural warranty
• One-year warranty on materials and workmanship

This rooming house package in Mitchelton is an ideal high-yield investment with a projected 8.49% ROI, offering turnkey convenience and comprehensive inclusions for tenant-ready occupancy.

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 priorities 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 young professionals and older singles generally seek this accommodation category.

- Tax depreciation benefits from fixtures and fittings.

- Income security, with income flow even when one tenant moves out.