Lot 97 Roslyn Rd, Belmont VIC

Description

This 9-bedroom Rooming House in Belmont is a fixed-price, full turnkey investment designed for high rental yields. Featuring a 295m2 build on a 679m2 titled lot, it is designed with keyless entry, ensuite bathrooms for each bedroom, and premium turnkey inclusions tailored for tenant appeal.

Suburb profile:

Belmont, a suburb of Geelong, is gaining recognition as a prime area for Rooming House investments due to its affordability, proximity to Deakin University, Barwon Health, and Geelong CBD. It offers strong rental yields, low vacancy rates, and is supported by infrastructure upgrades enhancing long-term growth.

Site Inclusions:

• Unlimited concrete bored piers 450mm in diameter and up to 2000mm deep
• Fixed site costs up to 500mm site fall and P waffle slab
• Connection to recycled water system
• Earthworks and spoil removal up to 500mm
• Sewer point connection up to 2500mm depth
• Stormwater riser pipes as needed
• Concrete pump included if required

Internal Inclusions:

• Laminate hybrid flooring in bedrooms and living areas
• Builders range tiles in wet areas, kitchen and laundry splashback
• Ensuite setup for each bedroom with stone top vanity, shower base, toilet, mirror
• Disability-compliant ensuite in Bed-1 with grab rails, seat, and special toilet
• Keyless locks for all bedroom doors
• Acoustic plasterboard throughout

External Inclusions:

• 2340h x 1020w front door upgrade
• Remote-controlled sectional garage door with 2 remotes
• Three-phase power upgrade
• Timber paling boundary fencing with gate
• Roller blinds on windows and doors
• Garage disability fittings including ramps and safety bollards
• Painted parking space

Landscaping Inclusions:

• Low-maintenance front and rear landscaping
• Ground or wall-mounted clothesline
• Letterbox
• TV antenna
• Fiberglass flyscreens on all openable windows

Electrical Inclusions:

• Video camera security system with 4 cameras
• NBN connection
• Additional hot water systems (3x Rinnai Infinity 26)
• Wall-mounted inverter split system in all bedrooms (2.5kW) and living (5.0kW)

Appliance Inclusions:

• 900mm cooktop, 600mm oven and dishwasher (U-Studio range)
• Stone benchtop with above mount sink and chrome mixer in kitchen
• Microwave and bar fridge space in rooms
• Stainless steel laundry trough with cabinet

Upgraded Inclusions:

• 2340h x 1020w front door
• Internal doors up to 920w
• Linen cupboards with key locks
• Disability ensuite for Bed-1
• Garage access modifications
• Fire and safety requirements included
• Council registration support (excludes cost)

Warranties:

• 10-Year Structural Warranty

This Belmont Rooming House offers a complete turnkey solution with high rental income potential. It is a modern, compliant, and well-equipped investment in a growing suburb near key employment and education hubs.

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 priorities 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 young professionals and older singles generally seek this accommodation category.

- Tax depreciation benefits from fixtures and fittings.

- Income security, with income flow even when one tenant moves out.