Lot S7 Commonwealth Court, Craigieburn VIC

Description

This exceptional rooming house property in Craigieburn offers a rare opportunity for high-yield investing. With 8 bedrooms, 8 bathrooms, and full turnkey inclusions, this property has been purpose-built for maximum rental return. Located on a generous 652sqm block with a spacious 240sqm house, the design balances functionality and tenant privacy. The projected rental income of up to $2,000 per week underscores its investment strength.

Suburb profile:

Craigieburn is one of Melbourne's fastest-growing suburbs, offering a blend of established infrastructure and continued development. It features a wide range of amenities including schools, parks, shopping centres, and public transport. Its strategic location in the northern corridor makes it a popular choice for families and professionals alike. With strong rental demand and capital growth potential, Craigieburn remains a prime location for investors.

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
• Colour concrete to the driveway and the path

Internal Inclusions:

• Cabinets with Silk Finish laminate doors
• 20mm Stone bench-top builders range
• Porcelain tiles to bathrooms/ensuites
• Ceramic slim top white vanity with 20mm stone
• Split system aircon units to all bedrooms

Appliance Inclusions:

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

Electrical Inclusions:

• Smoke detectors
• Exhaust fans to bathrooms

External Inclusions:

• Flyscreens on all openable windows

Energy Efficiency:

• Chromagen Solar Hot Water System

This rooming house property offers investors a lucrative opportunity with up to $2,000/week in rental income and a strong 7.37% gross yield, supported by its quality build and prime location.

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.