Lot S52 Swallow Crescent, Norlane VIC

Description

This impressive rooming house investment opportunity in Norlane, VIC delivers a modern high-yield setup designed for shared accommodation. With 8 spacious bedrooms, each with access to a bathroom, and generous communal living zones, this turnkey solution is ideal for investors looking for both rental income and capital growth. The property sits on a sizable 558m² land with a 240m² build size, offering excellent value in a growing region.

Suburb profile:

Norlane is an emerging suburb in the Geelong region of Victoria, known for its affordability and development potential. Located just minutes from the Geelong CBD, Norlane offers residents access to public transport, shopping precincts, schools, and local amenities. The suburb has been undergoing gentrification, attracting both families and investors. With infrastructure projects and growing demand for affordable housing, Norlane is becoming a sought-after destination for property investment.

Inclusions:

• Fixed Price - Full Turnkey Co Living 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

Internal Inclusions:

• Cabinets with Silk Finish laminate doors
• 20mm Stone benchtop (builder’s range)
• Porcelain tiles to Bathroom/Ensuite
• Ceramic slim top white vanity with 20mm stone
• Split system air conditioning units to all bedrooms
• Exhaust fans to bathrooms
• Smoke detectors

External Inclusions:

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

Appliance Inclusions:

• 900mm Stainless Steel Oven
• 900mm Stainless Steel Rangehood

Energy Efficiency:

• Chromagen Solar Hot Water System

This modern rooming house offers a high-yield investment in a growing suburb with low vacancy and 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 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.