Lot 5 Jennys way, Mildura VIC (5 beds)

Description

This rooming house property in Mildura offers a premium turnkey investment with five bedrooms, each designed with individual ensuites and modern fit-outs. Situated in the Rosetta Gardens Estate, the home includes high-quality finishes, energy-efficient systems, and a tailored furniture package option to maximise rental appeal. With strong demand for affordable rentals in the region, this property is positioned as a high-yield investment opportunity.

Suburb profile:

Mildura is a thriving regional hub in north-western Victoria, known for its agriculture, tourism, and riverfront lifestyle. It has strong employment opportunities in horticulture, health, and education, driving consistent demand for housing. With affordable entry prices compared to Melbourne and steady population growth, Mildura has become attractive for investors seeking strong rental yields and long-term capital growth.

Inclusions:

• Premium turnkey package with fixed price build
• Ensuite setup for every bedroom
• 2.74m ceiling height to single storey
• Laminate hybrid flooring throughout
• Builders Range tiles to wet areas & splashbacks
• Remote sectional panel lift garage door

Site Inclusions - Site Works, Foundations & Connections:

• All classes of waffle-pod slab up to “P” Class
• Earthworks & excess spoil removal up to 500mm
• Connection to sewer up to 2.5m depth
• Stormwater riser pipe provision
• NBN connection
• Connection to recycled water system

Internal Inclusions:

• Roller Holland blinds to all openable windows
• Flyscreens throughout
• Digital key locks for each room and front door
• Linen cupboards with secure shelving for tenants

External Inclusions:

• Coloured concrete driveway (35m²)
• Front & rear low-maintenance landscaping
• Timber paling fencing including wing gate
• Letterbox – Builder range

Landscaping Inclusions:

• Front and rear landscaped areas included
• Boundary fencing with wing gate

Electrical Inclusions:

• Wall-mounted inverter split system A/C (2.5kW in each bedroom, 5.0kW in living)
• Three-phase power upgrade
• Additional Rinnai Infinity 26 hot water system

Appliance Inclusions:

• 900mm U-Studio cooktop, oven & rangehood
• 600mm U-Studio dishwasher
• Bar fridge & microwave spaces to bedroom fit-outs

Upgraded Inclusions:

• Handicap ensuite fit-out for Bedroom 1
• Upgraded internal door widths (920mm)
• Garage fittings for disability access
• Safety bollards and painted parking space

Furniture Pack Inclusions:

• Optional package available at $18,000
• Living: Couch x2, coffee table, TV unit, artwork
• Bedrooms: 6x Queen beds, mattresses, study chairs, side tables
• Kitchen/Meals: Dining table & chairs, bar stools, fridge, microwave, cookware & cutlery
• Laundry: Washing machine, dryer, iron, mop, broom

This rooming house property is designed for high occupancy and long-term rental demand, offering investors an attractive cash-flow positive opportunity with strong capital growth potential.

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.