Lot 46 Davis Crescent, Mildura VIC

Description

This is a Rooming House package in Oakmont Grove Estate, Lot 46 Davis Crescent, Mildura VIC 3500. 6-bedroom, 6-bathroom configuration with full turnkey solution. 240m² build on 471m² land, fixed price of $903,000.

Suburb profile:

Mildura is an agricultural and tourism hub in regional Victoria with strong rental yields, affordability, and capital growth. Key industries include agriculture, retail, education, and health. SuniTAFE and La Trobe University are present, supporting student and worker rental demand.

Site Inclusions

• All classes of waffle-pod slab up to “P” Class as per engineers design
• Connection to sewer up to 2500mm below ground
• Earthworks and spoil removal up to 500mm
• Site fall allowance up to 500mm
• Recycled water connections
• NBN
• Fixed site costs with Level 1 Compaction Report
• Up to 15m³ rock excavation
• Stormwater risers if needed

Internal Inclusions

• Hybrid flooring to bedrooms and living
• Tiles to wet areas
• Digital locks to bedroom doors and linen
• Ensuite to each room including shower, toilet, vanity, and IXL lamp
• Handicap ensuite to Bed 1
• Wardrobe fitouts
• Bedroom kitchenette with sink, fridge space, microwave space, stone benchtop

External Inclusions

• 2340h x 920w front door upgrade
• Three-phase power
• Keyless locks
• Garage fittings for disability access
• Fire and safety compliance

Landscaping Inclusions

• Front and rear low-maintenance landscaping
• Timber paling fencing with wing gate
• Letterbox
• Fiberglass flyscreens
• Roller blinds

Electrical Inclusions

• Wall-mounted inverter split systems (2.5KW per bedroom, 5.0KW for living)
• Additional Rinnai Infinity 26 Instantaneous Hot Water System
• Keyless digital locks

Appliance Inclusions

• 900mm cooktop, 600mm oven and dishwasher
• U-Studio appliance package
• Undermount rangehood
• Above-mount sink with drainer and mixer

Upgraded Inclusions

• Disability access features including shower seat, grab rails, bollards, ramps
• Mirror splashbacks
• Upgrade to handicap ensuite in Bed 1

Warranties

• 10 Year Structural Warranty

This is a 6-bed, 6-bath rooming house investment in a growing regional location with full turnkey inclusions and fixed price, ideal for high rental yield.

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.