Lot 2917 Greyjoy Road, Charlemont VIC

Description

This rooming house property in Charlemont VIC offers a high-yield investment opportunity designed for modern living. Featuring five bedrooms each with their own ensuite, this property provides a blend of privacy and convenience for tenants. With a full turnkey package, premium inclusions, and strong rental appeal, it is perfectly suited to meet the growing demand for affordable, flexible housing. The property’s thoughtful design and location ensure steady returns and long-term capital growth potential.

Suburb profile:

Charlemont is a rapidly growing suburb in the Geelong region, popular with both investors and families. The area benefits from its proximity to beaches, shopping precincts, and public transport links, making it an attractive choice for tenants. With continued infrastructure investment and expanding community facilities, Charlemont offers strong capital growth prospects. Its affordability and connectivity make it a desirable location for both residents and investors seeking long-term stability.

Inclusions:

• Fixed Price - Full Turnkey package
• 5B Furniture Pack
• 2700 mm Ceiling Height
• 1B Housing Type Compliance
• Full Turnkey Inclusions
• Keyless Lock - Main Entrance Door & All Bedroom Doors
• Additional Hot Water System for additional ensuites
• Air Conditioner in all bedrooms & living area
• Hybrid flooring to bedrooms & living, tiles to wet areas
• 900 mm Cooktop and 600 mm Dishwasher in kitchen
• 2340h x 920w front door in lieu of standard

Warranties:

• 10 Year Structural Warranty

This rooming house property combines strong rental demand, premium inclusions, and a high-yield structure, making it a standout investment opportunity in a rapidly growing corridor.

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 prioritize 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 Tenant Base: Young professionals and older singles generally seek this accommodation category.
• Tax Depreciation: Benefits from fixtures and fittings.
• Income Security: Steady income flow even when one tenant moves out.