Lot S8 Neon Way, Wollert VIC

Description

This impressive rooming house property in Wollert VIC offers a rare opportunity for investors seeking high returns and long-term growth. With eight fully furnished bedrooms, modern finishes, and a turnkey package, this investment is designed to deliver consistent rental income while catering to the growing demand for affordable and flexible housing options in Melbourne’s northern corridor.

Suburb profile:

Wollert is a rapidly growing suburb in Melbourne’s north, known for its modern estates, family-friendly atmosphere, and proximity to key amenities. Residents enjoy access to shopping centres, schools, parks, and reliable public transport connections into the city. With strong population growth and ongoing infrastructure development, Wollert is becoming one of Melbourne’s key investment hotspots, attracting both families and professionals. Investors benefit from strong rental demand and long-term capital growth prospects in this expanding region.

Inclusions:

• Fixed Price - Full Turnkey Package
• Registered land ready to build

Internal Inclusions:

• Cabinets with silk finish laminate doors
• 20mm stone benchtops (builder’s range)
• Bathroom and ensuite with porcelain tiles
• Ceramic slim top white vanity with 20mm stone
• Split system air-conditioning units to all bedrooms

Appliance Inclusions:

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

Furniture Pack Inclusions:

• 8 Bedroom Furniture Package

Energy Efficiency:

• Chromagen solar hot water system

External Inclusions:

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

Electrical Inclusions:

• Exhaust fans to bathrooms
• Smoke detectors installed

This rooming house property represents a high-yield investment with exceptional rental demand and long-term growth prospects. Its strategic location and full turnkey inclusions make it a strong addition to any portfolio.

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 estimating up to 3.5 million such households in the next two decades. Rooming houses address this demand by offering private, affordable, and adaptable living arrangements.

Rooming house tenants typically include young professionals, students, entrepreneurs, and seniors seeking convenience and affordability. These properties are strategically located near amenities and transport, ensuring steady rental demand and long-term viability for investors.

Why are rooming houses so attractive to investors?

• High demand: Rooms are in high demand, ensuring quick occupancy.
• Higher yields: Often double compared to suburb averages.
• Diverse tenant base: Young professionals and older singles typically seek this accommodation.
• Tax depreciation: Benefits available from fixtures and fittings.
• Income security: Steady income flow even when one tenant moves out.