Lot 40 Newton Street, Shepparton VIC

Description

This is a 9-bedroom Rooming House located at 40 Newton Street, Shepparton VIC 3630. It is a fixed price, full turnkey investment opportunity with a total package price of $1,124,000. The property includes high-yield rental potential with an estimated weekly return of $2880 to $3000. The house is designed with 1B Housing Type compliance and features premium turnkey inclusions suitable for rooming house use.

Suburb profile:

Shepparton is a major regional city in Victoria, known for its agricultural industry, food processing plants, healthcare facilities, and education institutions. It has low vacancy rates around 1 percent, strong rental demand driven by seasonal workers, students, and regional migrants. Infrastructure growth includes a $630 million Goulburn Valley Health redevelopment and $70 million Shepparton rail upgrade, making it attractive for investors.

Site Inclusions - Site Works, Foundations & Connections:

• 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
• Earthworks and spoil removal up to 500mm site cut
• Stormwater riser pipes as needed
• Connection to recycled water system
• Fixed site costs up to 500mm site fall
• Unlimited concrete bored piers 450mm diameter up to 2000mm deep
• Concrete pump due to soil condition
• Up to 15m3 rock excavation including hammer and removal

Preliminary Inclusions:

• NBN connection
• TV antenna
• Letterbox
• Clothesline (ground/wall mounted)
• 450mm eaves to front facade up to 20 linear meters

Internal Inclusions:

• Laminate hybrid flooring in bedrooms and living areas
• Builder’s range tiles to wet areas, kitchen, and laundry splashbacks
• Roller Holland blinds throughout
• Flyscreens to all openable windows
• 2.74m ceiling height
• Keyless locks on entrance and bedroom doors
• Ensuite setup for each bedroom
• Acoustic plasterboard for sound reduction
• Video camera security system – 4 cameras internal and external
• Garage access ramps, bollards, and painted parking space for disability compliance

External Inclusions:

• Coloured concrete driveway up to 35m2
• Remote control sectional panel lift door with 2 transmitters and wall control
• Front and rear low-maintenance landscaping
• Timber paling boundary fencing with wing gate

Landscaping Inclusions:

• Front and rear low-maintenance landscaping

Electrical Inclusions:

• Three-phase power
• Wall-mounted 2.5KW split systems in each bedroom
• Wall-mounted 5.0KW split system in living area

Appliance Inclusions:

• 900mm cooktop
• 600mm dishwasher
• Oven
• Undermount rangehood
• Double bowl above-mount sink with mixer
• Bar fridge and microwave space in bedrooms
• Stainless steel laundry trough with metal cabinet and mixer
• 2 chrome finish washing machine stops

Upgraded Inclusions:

• 2340mm high x up to 1020mm wide front door
• 920mm wide internal doors x2
• Linen cupboard with four melamine shelves and key locks
• Handicap ensuite in Bedroom 1 with disability toilet suite, vanity, and fittings
• 3 additional Rinnai Infinity 26 instant hot water systems
• Shower seat, grab rail, curtain, toilet backrest and side rail in Bedroom 1
• Mirror splashback up to 1m wide in Bedroom 1 ensuite

Warranties:

• 10-year structural warranty

This turnkey 9-bedroom Rooming House in Shepparton offers a high-yield investment opportunity with strong tenant demand, premium inclusions, and compliance with 1B housing regulations. Its strategic location and low entry cost enhance its long-term rental appeal.

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.