Lot 33 Willmott Drive, Hoppers Crossing VIC

Description

This rooming house property in Hoppers Crossing offers nine spacious bedrooms, each with its own ensuite, providing high rental yield potential in a sought-after Melbourne suburb. With a generous land size of 574 sqm and a build size of 295 sqm, this turnkey package includes modern finishes, premium features, and strong appeal for investors seeking consistent cash flow.

Suburb profile:

Hoppers Crossing, located in Melbourne’s west, is a thriving suburb that offers strategic access to major infrastructure, shopping centres, schools, and public transport. Known for its strong demand for affordable housing, the area continues to grow in popularity with both families and investors. Its large blocks and development opportunities make it a high-potential suburb for long-term capital growth, while providing attractive rental returns.

Inclusions:

• 9 Bedroom Pack
• Hybrid Flooring to Bedrooms & Living, and Tiles to the Wet Areas
• 10-Year Structural Warranty
• 900 mm Cooktop and 600 mm Dishwasher in the Kitchen
• Provide a 2340h x 920w Front Door in lieu of the standard
• 2700 mm Ceiling Height
• 1B Housing Type Compliance
• Full T-Key Inclusions
• Keyless Lock - Main Entrance Door & All Bedroom Doors
• Additional Hot Water System for Additional Ensuite
• Air Conditioner in All Bedrooms & Living Area

Warranties:

• 10-Year Structural Warranty

This rooming house property represents a rare opportunity for investors, combining high rental yield with low vacancy risk in a strong growth 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.