Lot 3 Karoola Court, Hoppers Crossing VIC

Description

This brand-new rooming house property in Hoppers Crossing offers a rare high-yield investment in Melbourne's growing western corridor. Featuring 9 self-contained bedrooms and full turnkey inclusions, this fully compliant 1B property is built to attract long-term tenants seeking comfort and privacy. With rental potential of up to $3,000 per week, a titled 532 sqm land, and a spacious 295 sqm build, it delivers strong income potential for savvy investors.

Suburb profile:

Hoppers Crossing, located just 23 km west of Melbourne’s CBD, is a thriving suburb known for its family-friendly community and accessibility. It boasts established infrastructure including schools, shopping centres, public transport, and major road connections. The area has seen steady growth due to its affordability and ongoing urban development. As demand for flexible and affordable housing options grows, Hoppers Crossing remains an appealing location for investors and tenants alike.

Inclusions:

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• Fixed Price - Full Turnkey
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• 1B Housing Type Compliance
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• 9 Bedroom Pack
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• Full T-Key Inclusions
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Internal Inclusions:

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• Hybrid Flooring to Bedrooms & Living
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• Tiles to the Wet Areas
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• 2700 mm Ceiling Height
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• Air Conditioner in All Bedrooms & Living Area
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• Keyless Lock - Main Entrance Door & All Bedroom Doors
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Appliance Inclusions:

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• 900 mm Cooktop
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• 600 mm Dishwasher
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Upgraded Inclusions:

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• 2340h x 920w Front Door in lieu of standard
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• Additional Hot Water System for Additional Ensuite
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Warranties:

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• 10-Year Structural Warranty
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This fully turnkey rooming house property presents a compelling investment opportunity with high rental yields, modern inclusions, and strong tenant demand in a growing 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 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.

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