Lot 630 Ribolla Way, Sunbury VIC

Description

This modern rooming house property in Sunbury offers an excellent high-yield investment opportunity, designed with five ensuite bedrooms, quality turnkey inclusions, and contemporary finishes throughout. With features such as keyless locks, air conditioning in every bedroom, and hybrid flooring, the home is both functional and appealing to tenants. Positioned in a growth corridor, this property balances affordability with strong rental returns, making it an attractive option for investors.

Suburb profile:

Sunbury is a thriving suburb within the Melbourne metropolitan area, known for its community feel, green open spaces, and excellent connectivity to the CBD. Residents benefit from access to established shopping centres, reputable schools, medical facilities, and recreational amenities. With ongoing infrastructure investment and population growth, Sunbury has emerged as a prime location for both homeowners and renters. The suburb’s balance of lifestyle, affordability, and proximity to employment hubs makes it a compelling choice for property investors.

Inclusions:

• Fixed Price – Full Turnkey package
• 1B Housing Type Compliance
• 2700 mm Ceiling Height

Internal Inclusions:

• Air conditioning in all bedrooms and living area
• Hybrid flooring to bedrooms and living
• Tiles to wet areas
• Keyless lock to main entrance door and all bedroom doors

Appliance Inclusions:

• 900 mm cooktop
• 600 mm dishwasher in kitchen

Upgraded Inclusions:

• Additional hot water system for multiple ensuites
• 2340h x 920w front door upgrade in lieu of standard

Furniture Pack Inclusions:

• 5B Furniture Pack

Warranties:

• 10 Year Structural Warranty

This rooming house property presents a rare opportunity for investors seeking strong rental yields and long-term growth in a high-demand area.

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.