Lot 63 Davis Crescent, Mildura VIC

Description

This modern rooming house property in the Oakmont Grove Estate, Mildura, offers a high-yield turnkey investment opportunity. Designed with 6 bedrooms and 6 bathrooms, it’s perfectly suited for tenants seeking affordable, comfortable, and private accommodation. This fixed-price, full turnkey package includes premium inclusions, making it ideal for investors looking for hassle-free property ownership. With strong rental income potential and compliance to Class 1B standards, this property is well-positioned for long-term growth.

Suburb profile:

Mildura is a thriving regional hub in northwestern Victoria, known for its strong agricultural base, affordable housing, and increasing population. It is one of Victoria’s fastest-growing inland cities, with excellent infrastructure, healthcare, and education facilities. With a robust local economy and rising demand for rental housing, Mildura presents an excellent opportunity for savvy investors seeking solid capital growth and consistent rental returns.

Inclusions:

• Fixed Price - Full Turnkey
• 6B Furniture Pack
• Keyless Lock – Main Entrance Door & All Bedroom Doors

Internal Inclusions:

• 2700 mm Ceiling Height
• Hybrid Flooring to Bedrooms & Living Area
• Tiles to the Wet Areas
• Air Conditioner in All Bedrooms & Living Area

Appliance Inclusions:

• 900 mm Cooktop
• 600 mm Dishwasher in Kitchen

Upgraded Inclusions:

• Provide 2340h x 920w Front Door in Lieu of Standard

Furniture Pack Inclusions:

• 6B Furniture Pack (included, not optional)

Warranties:

• 10 Year Structural Warranty

This rooming house property offers an excellent investment opportunity, combining strong rental income with growing demand in regional Victoria.

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.