Lot 213 Sian Circuit, Waurn Ponds VIC

Description

A 9-bedroom rooming house investment opportunity in Waurn Ponds, VIC, offering a premium full turnkey solution with high rental yields. Located within Birchmore Estate, this property features a modern design and tailored compliance for rooming house standards.

Suburb profile:

Waurn Ponds is a suburb of Geelong, Victoria, known for its proximity to Deakin University and Epworth Hospital. The area offers strong rental demand, attractive yields, stable income potential, future development opportunities, and excellent transport connectivity.

Site Inclusions:

• Earthworks and removal of excess spoil up to 500mm site cut
• All classes of waffle-pod slab up to P Class as per engineer’s design
• Connection to sewer points up to 2500mm below natural ground
• Unlimited concrete bored piers 450mm diameter and up to 2000mm deep
• Stormwater riser pipe included if required

Internal Inclusions:

• 2700 mm ceiling height
• Laminate hybrid flooring to bedrooms and other designated rooms
• Builders range tiles to wet areas and splashbacks
• Ensuite for each bedroom including tiled shower base, vanity with stone benchtop, mirror, toilet, and basin
• Handicap ensuite in Bedroom 1

External Inclusions:

• 2340h x 1020w front door upgrade
• Keyless lock on main entrance and all bedroom doors
• Timber paling boundary fencing with wing gate

Landscaping Inclusions:

• Coloured concrete driveway up to 35m2
• Front and rear low-maintenance landscaping
• Letterbox, clothesline, and TV antenna included

Electrical Inclusions:

• Three-phase power upgrade
• Video camera security system with 4 cameras
• Inverter split systems: 2.5KW in each bedroom, 5.0KW in living area

Appliance Inclusions:

• 900mm cooktop, oven, and rangehood
• 600mm dishwasher
• Kitchenette with bar fridge space, microwave space, and chrome mixer tap

Upgraded Inclusions:

• Handicap fittings in Bedroom 1 ensuite including grab rails, shower seat, and disability toilet
• Garage fittings for disability access including ramps and safety bollards

Warranties:

• 10-Year Structural Warranty

This is a premium 9-bedroom rooming house investment in Waurn Ponds with high-end turnkey inclusions, offering excellent yield potential in a growth-focused suburb.

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.