Lot 4 Sibley Street, Werribee VIC

Description

This rooming house property in Werribee offers a rare opportunity to secure a premium 9-bedroom investment with high rental yield potential. Each room is designed for privacy and functionality, complemented by two car spaces and multiple living zones. Located on a spacious 693 sqm titled block, this is a fully turnkey investment solution suited for long-term value and strong tenant appeal in a rapidly growing suburb.

Suburb profile:

Werribee is a thriving suburb located between Melbourne and Geelong, celebrated for its established amenities and continuous development. Known for its proximity to major infrastructure like the Werribee Mercy Hospital, Pacific Werribee Shopping Centre, and reputable schools, it attracts both families and professionals. With excellent transport links via rail and freeway, Werribee offers convenience, lifestyle, and investment potential. The area has seen consistent population growth, making it a compelling choice for property investors.

Furniture Pack Inclusions:

• Bedroom furnishings including bed, mattress, study desk and chair
• Living area essentials
• Dining and common area furniture
• Appliances and window furnishings
• Cutlery, crockery, linen, cleaning equipment and décor

Energy Efficiency:

• 6-star energy rating

Warranties:

• 10-year structural warranty
• Rental assurance and defect cover (where applicable)

This rooming house property provides investors with a high-yield, fully packaged opportunity in an area of high demand and ongoing 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 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.