Lot Henty Street, Dandenong VIC

Description

A modern 9-bedroom rooming house designed to accommodate individual tenants with private ensuites and wet bar facilities. Strategically located in the vibrant suburb of Dandenong, close to public transport, shopping centers, and other key amenities.

Suburb Profile:

Dandenong is a bustling suburb in South-East Melbourne known for its multicultural community, excellent public transport links, and a variety of shopping and dining options. The area is a key commercial and residential hub, offering strong rental demand and investment opportunities.

Site Inclusions - Site Works, Foundations & Connections:

• Earthworks and removal of excess soil for a maximum fall of 400mm.
• Foundation includes H-class concrete waffle slab.
• Connections include underground power, water, and gas within standard limits.

Internal Inclusions:

• 600x600 floor tiles and hybrid flooring in bedrooms.
• Stone benchtops in kitchens and ensuites.
• Tiled splashbacks and recessed shower bases.
• LED lighting, chrome fixtures, and digital door locks.

External Inclusions:

• Colorbond roof, brick veneer, double-glazed aluminum-framed windows, and rendered garage door infills.

Landscaping Inclusions:

• Front and rear landscaping.
• Drought-tolerant plants.
• Colored concrete driveway.
• Standard letterbox.

Electrical Inclusions:

• RCD safety switches.
• LED downlights.
• TV and data points.
• Smoke detectors.
• Exhaust fans in bathrooms.

Appliance Inclusions:

• 600mm induction cooktop.
• 600mm undermount oven.
• Stainless steel rangehood.

Upgraded Inclusions:

• Available at an extra cost, such as a 15kW solar system and CCTV installation.

Energy Efficiency:

• 7-star energy rating with double-glazed windows.
• Insulation.
• A 5.5kW solar system with an inverter.

This 9-bedroom rooming house at 2A Henty Street, Dandenong, VIC, is a premium investment opportunity featuring modern amenities, energy-efficient designs, and proximity to key suburban infrastructure. Its strategic location ensures strong rental demand and high yields for investors.

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.