Positioned within the growing suburb of Newborough, this Rooming House offers a modern solution for comfortable living and smart investment. With 9 bedrooms, 9 bathrooms and 2 car space/s, it provides a layout that supports both functionality and lifestyle. Its design focuses on ease of living, making it attractive to a wide range of tenants and buyers. Backed by strong growth potential, it stands as a reliable and future-ready property. An ideal addition to any portfolio.

Suburb profile:

Newborough, located in Victoria's Latrobe Valley, offers a quiet, affordable lifestyle with proximity to essential amenities and employment hubs. The suburb benefits from its connection to nearby Morwell and Traralgon, as well as regional infrastructure supporting education and healthcare. With continued demand for affordable housing and strong rental demand, Newborough is an appealing location for property investors looking for stable, long-term returns.

Inclusions:

Site Inclusions

• Class 1B construction complying with new NCC requirements
• Site foundations and service connections
• Stormwater, sewer, power, water and NBN connections as specified
• Temporary fencing, silt fencing, rock allowance and termite treatment as required
• BAL 12.5 allowance if required

Preliminary Inclusions

• Working drawings, structural and civil engineering
• Energy rating report and pre-selected colour boards

Internal Inclusions

• Plaster walls and ceilings with water resistant plaster to wet areas
• Hard core internal doors, digital bedroom door locks and magnetic door stops
• Mirrored robe doors and Holland blinds
• Three-coat paint finish
• Bathrooms and ensuite with tiled showers, shower screens, vanities and toilet suites
• Laundry fittings and ceramic wall and floor tiling to applicable areas
• Hybrid vinyl timber-look flooring to bedroom suites
• Built-in robe, pantry and linen storage

External Inclusions:

• Clay brickwork and acrylic texture coating render as per plan
• Double glazed aluminium windows and external sliding doors
• Digital locks to entry and bedroom doors
• Colorbond roofing, fascia, gutters and downpipes
• Colorbond sectional garage door with remote controls
• Engineered pine wall frames and roof trusses
• 2700mm ceiling height

Landscaping Inclusions

• Boundary fencing and wing fencing as required by the site
• Front and rear standard landscaping up to 650sqm
• Coloured concrete driveway and front path
• Letterbox
• Timber or Colorbond fencing
• Private courtyard fencing

Electrical Inclusions

• LED downlights, power points, TV and data points
• Digital TV antenna with booster and splitter
• Hardwired smoke detectors with battery backup
• Exhaust fans and RCD safety switch with circuit breakers
• 5.5kW PV solar system
• CCTV system with 4 hardwired cameras, NVR and 6TB HDD

Appliance Inclusions:

• 600mm oven, induction cooktop, stainless steel rangehood and dishwasher
• Stainless steel double bowl sink and chrome mixer
• 2 x 170L heat pump hot water systems

Energy Efficiency:

• 7-star energy rating
• 5.5kW solar panels and inverter
• Ceiling and external wall insulation as required by the energy report

Warranties:

• 5 year warranty on appliances

Combining modern design, location and investment potential, this Rooming House in Newborough offers a well-rounded opportunity. It delivers both immediate appeal and long-term value, making it suitable for a wide range of buyers. A property that stands strong in today's market.

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 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 similar 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 close proximity to transport, shopping centres, restaurants, cafés, and community hubs, making them an attractive choice for tenants.

Typical rooming house tenants include young professionals, students, digital nomads, entrepreneurs, creatives, and seniors who prioritise convenience, connectivity, and collaboration.

For investors, rooming house properties offer a compelling value proposition. They present a high-yield, low-risk, and future-focused investment opportunity. Rooming house properties consistently maintain higher occupancy rates, lower vacancy rates, and reduced turnover compared to traditional rentals. This aligns with the growing demand for affordable and flexible housing solutions in urban settings.

Additionally, rooming house properties often boast stronger capital growth potential due to their prime locations with access to transport, education, employment, and entertainment hubs.

Why are rooming houses so attractive to investors?

• High Demand: Rooms are in strong demand, ensuring quicker occupancy.
• Higher Yields: Often double the suburb average.
• Diverse Tenant Base: Young professionals and older singles commonly seek this style of accommodation.
• Tax Depreciation: Potential benefits from fixtures and fittings.
• Income Security: Steady income flow even when one tenant moves out.