Lot S4 Oakwood Street, Mernda VIC

Description

This impressive rooming house property in Mernda, VIC offers an outstanding investment opportunity with a turnkey build, 6 bedrooms, and premium finishes throughout. With titled land and a fixed-price package, this property is ideal for investors seeking stable returns and long-term growth. Set in a fast-growing suburb, it provides modern accommodation tailored to meet increasing demand for flexible, affordable living arrangements.

Suburb profile:

Mernda is a rapidly growing suburb in Melbourne's northern corridor, known for its family-friendly amenities and easy access to public transport. The area features shopping centres, schools, parklands, and recreational facilities, making it highly appealing to both tenants and homeowners. With ongoing infrastructure investment and a strong sense of community, Mernda has become one of Victoria’s most attractive residential growth areas. Its combination of affordability and convenience continues to drive demand and enhance long-term capital growth potential.

Inclusions:

• Fixed Price - Full Turnkey Package

Site Inclusions - Site Works, Foundations & Connections:

• Fixed site costs
• Storm-water connected to Council’s legal point of discharge
• Fixed Site Cost up to H2 slab
• Colour concrete to the driveway and path

Internal Inclusions:

• Cabinets with silk finish laminate doors
• Porcelain tiles in bathrooms and ensuite
• Ceramic slim top white vanity with 20mm stone benchtop
• Split system air conditioning units to all bedrooms
• Exhaust fans to bathrooms
• Smoke detectors
• Flyscreens on all openable windows

Appliance Inclusions:

• 900mm stainless steel oven
• 900mm stainless steel rangehood

Energy Efficiency:

• Chromagen solar hot water system

This rooming house property in Mernda is a rare investment opportunity offering high rental yield potential, strong demand from tenants, and long-term capital growth. Ideal for any investor seeking a future-proof asset.

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.