Lot 504 Goldsborough St, Bonshaw VIC

Description

Located in Bonshaw, this Rooming House is more than just a home , It's a smart investment opportunity. With 5 bedrooms, 5 bathrooms and 2 car space/s, it delivers functional design with modern living in mind. Investors will appreciate its strong yield potential, while residents will enjoy the comfort and convenience it provides every day. Set within a growth corridor, it combines lifestyle benefits with future financial returns. A property that works for you today and tomorrow.

Suburb profile:

Bonshaw is a fast growing suburb in Ballarat known for its modern housing estates and family friendly environment. The area offers convenient access to schools, shopping centres, and transport connections while maintaining a relaxed residential atmosphere. Continued population growth and infrastructure development are driving strong rental demand in the region. Investors are increasingly attracted to Bonshaw for its affordability, expanding amenities, and long term growth potential.

Inclusions:

• Rental Appraisal at 300 per room
• Class 1B Council Approved Boarding Home
• 2590mm high Ceilings
• 5 x bedrooms
• 5 x bathrooms
• 5 x kitchenettes to each bedroom
• Full Furniture Package
• High-Quality Flooring Throughout
• 6 x Split system Units
• Full Landscaping Front and Rear
• Fencing Letterbox and clothesline

Offering a blend of functionality, style and growth potential, this Rooming House in Bonshaw is designed to perform. Whether for investment or living, it provides lasting value in a competitive market. A property that meets both present and future needs.

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.