Lot 201 Danaher Avenue, Waurn Ponds VIC

Description

This is a 6-bedroom, 6-bathroom Rooming House investment located in Waurn Ponds, VIC. The property is offered as a fixed-price, full turnkey package with premium inclusions and is designed to meet 1B Housing Type Compliance standards. With a high projected rental income and solid long-term capital growth potential, this rooming house offers a strong yield for investors.

Suburb profile:

Waurn Ponds is a growing suburb located within the City of Greater Geelong, Victoria. Known for its access to Deakin University, Epworth Hospital, and Waurn Ponds Shopping Centre, the area is popular among students, healthcare workers, and professionals. It offers convenient public transport links and proximity to major arterial roads, making it a desirable location for both residents and investors.

Site Inclusions

• All classes of waffle-pod slab up to “P” Class waffle slab as per engineers design
• Connection to sewer points up to 2500mm below natural ground level
• Earthworks and removal of excess spoil up to 500mm site cut
• Fixed site costs are based on the Level 1 Compaction Report being provided by the client and/or developer
• Fixed Site costs up to 500mm site fall and P Waffle Slab as required
• Stormwater riser pipe for front and back of house if required
• Max. 30 concrete bored piers 450mm in diameter and up to 2000mm deep
• Concrete pump due to soil condition if required
• Up to 15m³ of rock excavation including hammer and removal

Internal Inclusions

• 2.74m ceiling height
• Roller Holland blinds to all windows and sliding doors
• Laminate hybrid flooring in living areas and bedrooms
• Builders Range tiles to wet areas
• Digital locks for all internal room and sliding doors
• Fully lined melamine modular base and overhead cabinets in kitchen
• Stone benchtops throughout
• Each bedroom includes ensuite with vanity, mirror, IXL heat lamp, toilet, and shower
• BED-1 upgraded to a handicap-compliant ensuite with 1200 x 1200 tiled shower base and accessibility fixtures
• Laundry with stainless steel trough, mixer, and cabinet
• Garage with disability access features

External Inclusions

• 2340h x up to 1020w front door upgrade
• Timber pailing boundary fencing including wing gate
• Remote control sectional panel lift garage door
• Fibreglass flyscreens to all openable windows
• Letterbox
• Semi-aluminium framed shower screens
• Chrome toilet roll holders and towel rails

Landscaping Inclusions

• Front and rear low-maintenance landscaping
• Coloured concrete driveway up to 35m²
• Connection to recycled water system for toilets, garden taps, and laundry trough

Electrical Inclusions

• Three-phase power
• Wall-mounted inverter split system 2.5KW in each bedroom
• Wall-mounted inverter split system 5.0KW in living area
• Video camera security system – 4 cameras

Appliance Inclusions

• 900mm cooktop
• 600mm dishwasher
• Oven
• Rangehood
• Bar fridge space and microwave provision in each room kitchenette

Upgraded Inclusions

• BED-1 includes disability compliant ensuite
• Garage fitted with ramps, safety bollards, and painted parking
• Acoustic plasterboard throughout for sound reduction

Energy Efficiency

• 5KW solar panel system
• Two additional Rinnai Infinity 26 Instantaneous Hot Water Systems

Warranties

• 10-year structural warranty

This 6-bedroom Rooming House in Waurn Ponds offers a high-yield, fully turnkey investment opportunity with premium inclusions and compliance with Rooming House standards, making it ideal for investors seeking strong returns and 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.