Lot 20 Mitchelton, Brisbane QLD
Brisbane, QLD, 4053$ 1,303,900
Overview
Property ID: LA-8612
- House and Land
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 3
- Cars
- 200
Details
Updated on Nov 19, 2024 at 11:49 am
Property Type: | House and Land |
---|---|
Price: | $ 1,303,900 |
Land Price: | $ 790,000 |
Build Price: | $ 513,900 |
Gross Per Week: | $ 2,190 |
Gross Per Annum: | $ 113,880 |
Gross Yield: | 8.73% |
Capital Growth 12 Months: | 17.58% |
Capital Growth 10 Year Annualised: | 7.58% |
Vacancy Rate: | 0.79% |
Property Size: | 200 m2 |
Land Area: | 405 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 3 |
Title Status: | Titled |
Property ID: | 8612 |
SKU: | 1044 |
Description
This fully turnkey rooming house investment property in Mitchelton, QLD, is designed to deliver a strong return on investment with an estimated annual rental income of $116,690. Located near public transportation and shops, this property offers an 8.57% ROI and includes high-end, energy-efficient features ideal for long-term investment value.
Suburb profile:
Mitchelton is a well-connected Brisbane suburb known for its family-friendly environment, excellent public transport, and access to shopping centers, schools, and recreational spaces. It is a popular area for both families and investors, balancing suburban tranquility with easy access to the Brisbane CBD.
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 provides a high-yield investment with comprehensive inclusions and strong rental potential, making it ideal for investors looking for long-term growth.
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.
Disclaimer*
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.
Address
Open on Google MapsSimilar Listings
$ 112,580
8.27%
8.11%
0.80%
1082 - Birkdale QLD
City of Redland, QLD, 4159$ 111,800
8.82%
8.11%
0.80%
1080 - Birkdale QLD
City of Redland, QLD, 4159$ 112,580
8.38%
8.05%
2.60%
1085 - Kuraby, Brisbane QLD
Brisbane, QLD, 4112$ 102,180
9.56%
7.54%
1.59%
1087 - Wacol, Brisbane QLD
Brisbane, QLD, 4076Sold Listings
$ 120,380
9.26%
8.11%
1.18%
Lot 5 Brighton, Brisbane QLD
Brisbane, QLD, 4017$ 108,160
8.84%
7.62%
0.61%
Lot 2 Zillmere, Brisbane QLD
Brisbane, QLD, 4034$ 113,880
8.65%
7.58%
0.79%
Lot 19 Mitchelton, Brisbane QLD
Brisbane, QLD, 4053$ 107,380
7.43%
7.62%
0.61%
Lot S2 Aspley, Brisbane QLD
City of Brisbane, QLD, 4034ENQUIRE ABOUT THIS PROPERTY
Why Buy With Aus Investment Properties?
- Dedicated In-house Project Manager.
- High-yielding properties.
- Independent rental assessment.
- Full turnkey properties, 'Ready to Rent'.
- Brand new properties with builders warranty.
- High quality, highly specified properties.
- Tax and depreciation benefits from new properties.
- Buy direct from the builder.
- Investor or SMSF.
Search 1000'S Of Off-Market Investment Properties!
SQM Research is an investment research house that specialises in providing accurate research and data to financial institutions, investment professionals and investors.
Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.
Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.