Lot S3 Cavalry Ave, Mernda VIC

Description

This rooming house property in Mernda VIC offers a high-yield investment opportunity with a 5–6 bedroom layout designed for adaptable shared living. Featuring full turnkey inclusions, it provides both comfort and durability for tenants while ensuring long-term rental appeal. With a strong rental estimate and prime location, this package represents a low-risk, future-proof addition to any portfolio.

Suburb profile:

Mernda is a thriving suburb in Melbourne’s northern growth corridor, known for its rapid development and excellent connectivity. With established schools, shopping centres, and access to public transport, the area continues to attract both families and investors. Ongoing infrastructure upgrades and population growth further support Mernda’s strong capital growth and rental demand prospects.

Inclusions:

• Fixed Price – Full Turnkey Rooming House Package

Site Inclusions - Site Works, Foundations & Connections:

• Fixed site costs including storm-water connected to Council’s legal point of discharge
• Fixed site cost up to H2 slab

Internal Inclusions:

• Cabinets with silk finish laminate doors
• 20mm stone benchtop (builder’s range)
• 900mm stainless steel oven and rangehood
• Bathrooms with porcelain tiles and ceramic vanity with 20mm stone
• Split system air-conditioning units to all bedrooms

External Inclusions:

• Colour concrete driveway and path
• Flyscreens to all openable windows

Appliance Inclusions:

• Chromagen solar hot water system

Furniture Pack Inclusions:

• 5/6 Bed Furniture Package

Energy Efficiency:

• Exhaust fans to bathrooms
• Smoke detectors

This rooming house property delivers strong rental yields, a resilient tenant base, and reliable long-term demand, making it a compelling choice for investors focused on both income and growth potential.

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, with projections of 3 to 3.5 million single-person households over the next two decades. Rooming houses directly address this demand by offering affordable, adaptable, and low-maintenance living solutions.

Rooming house properties represent a form of shared accommodation, offering private bedrooms with ensuite bathrooms, often including compact living and kitchenette facilities. They attract a diverse tenant base including students, professionals, and older singles, ensuring steady demand and low vacancy rates.

For investors, rooming houses consistently provide higher rental yields than traditional properties, income security through multiple leases, and strong tax depreciation benefits. They also maintain higher occupancy and reduced turnover, aligning with the growing need for affordable housing solutions in suburban and growth locations.

• 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.