Lot S181 Woodstock Street, Shepparton VIC

Description

Experience contemporary living with this Rooming House in Shepparton, designed to meet the expectations of modern buyers and investors. Offering 5 bedrooms, 5 bathrooms and 2 car spaces, it provides a functional layout with stylish finishes. The property combines comfort, efficiency and long-term durability. Positioned in a well-connected and growing community, it ensures strong appeal for tenants and buyers alike. An opportunity that blends convenience with future value.

Suburb profile:

Shepparton is a well-established suburb in Victoria with reliable rental demand and established transport and retail links. Located within City of Greater Shepparton, it benefits from schools, shopping and healthcare nearby, supporting long-term tenancy prospects. For investors, Shepparton offers a balanced mix of affordability and growth potential within metropolitan and regional networks.

Inclusions:

• Rental appraisal up to 300 per room
• Class 1B council approved boarding home
• 2590mm high ceilings
• 5 bedrooms plus large living area
• 5 bathrooms
• 5 kitchenettes throughout
• Full furniture package
• High quality flooring throughout
• 6 split system units
• Full landscaping front and rear
• Fencing letterbox and clothesline

This Rooming House in Shepparton delivers a combination of modern comfort and investment strength. Its thoughtful design and strategic location make it a valuable option for buyers seeking both performance and practicality. An opportunity worth considering.

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.