Lot S1078 Ormiston QLD

Description

This high-quality rooming house in Ormiston is a Class 1B property offering 5 self-contained studios, each with its own bathroom, kitchenette, and living space. With a gross yield of 8.49%, it provides an excellent investment opportunity. The property includes a full turnkey solution, featuring premium inclusions such as solar panels, landscaping, and acoustic insulation for privacy.

Suburb Profile:

Ormiston is a scenic suburb located in Redland City, South East Queensland, known for its coastal charm and family-friendly atmosphere. With proximity to parks, shopping precincts, and public transport, including Ormiston Train Station, the area is ideal for both residents and investors seeking strong rental demand.

Site Inclusions:

• 120m² of landscaping
• 60 linear meters of fencing
• Concrete driveway, crossover, car parking, patios, clothesline pads, and paths

Preliminary Inclusions:

• Fixed price inclusion list
• One-part contracts for SMSF suitability

Internal Inclusions:

• Reverse cycle split system air conditioners in each studio
• High-density wall insulation for acoustic privacy
• Block-out roller blinds on windows and vertical blinds on sliding doors
• Barrier safety screens on all openable windows and doors
• Sliding mirrored wardrobes with internal shelving
• LED lighting throughout
• Tiled shower niches and contemporary vanities in bathrooms
• 13kw photovoltaic solar system
• Ceiling fans in studios and common areas

External Inclusions:

• Fully finished tiled outdoor alfresco
• Letterbox
• Clotheslines

Landscaping Inclusions:

• Turf for front and backyards
• Garden beds with Australian native plants

Electrical Inclusions:

• Smoke detectors with hardwiring and battery backup
• Digital door locks
• Multiple ceiling fans and air conditioners

Appliance Inclusions:

• Fridge/freezer and washing machines for common use
• Kitchenettes in each studio with a 600mm electric oven, cooktop, and rangehood

Furniture Pack Inclusions:

• Optional furniture package for $28,000 ensures immediate readiness for tenants.
• 5 x 40-inch Smart TVs
• Bedroom and living area furniture for each studio
• Common area furniture and appliances
• Cooking, crockery, and cutlery

Energy Efficiency:

• 13kw photovoltaic solar system
• High-efficiency water heating systems

Warranties:

• 6-year structural guarantee
• 1-year material and workmanship warranty

This fully furnished and tenant-ready rooming house in Ormiston is an ideal investment for high-yield seekers, featuring premium inclusions and modern amenities in a prime location with strong rental demand.

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.