Lot Zillmere, Brisbane QLD

Description

This is a Rooming House investment opportunity located in Zillmere, Queensland, just 17.3 km from Brisbane CBD. The property is a high-yield investment, featuring five studio apartments with independent entry points. The weekly rental income is $2,080. It is within walking distance of key amenities such as a bus station and the Zillmere train station.

Suburb profile:

Zillmere is a suburb located approximately 17.3 km north of Brisbane CBD. It is a well-connected suburb, offering easy access to public transportation, parks, and local amenities. It has seen steady development in recent years and is a sought-after area for investment due to its proximity to the city and growing infrastructure.

Internal Inclusions:

• High-density wall insulation to internal perimeter walls of each studio for acoustic transmission.
• Flush panel solid core door as entry to each studio.
• Block-out roller blinds to all openable windows (excluding bathrooms).
• Block-out vertical blinds to all sliding glass doors.
• Smoke detectors hard-wired with battery backup (in compliance with legislation).
• 2 ceiling fans in each studio (bedroom and living room).
• 1 ceiling fan in the common area.

External Inclusions:

• Barrier safety screens to all openable windows and sliding glass doors.
• Sliding mirror finish wardrobes with shelves and rails.
• Concrete driveway, car parking, patios, and paths.
• Reverse cycle split system air conditioner in each studio.
• LED lights throughout.
• Vitreous China toilet suites.
• Vanity units in each bathroom.
• Tiled shower niche in all showers.

Landscaping Inclusions:

• 120 m² of landscaping.
• 60 lineal meters of fencing.
• 2 clotheslines.
• Letterbox.

Electrical Inclusions:

• 13 kW photovoltaic solar system.
• 2x 250L electric hot water systems.
• 6 digital door locks.

Appliance Inclusions:

• WELS rated chrome plated brass mixers.
• ABS shower heads on chrome-plated rails.
• 5 x 40 inch LED Smart TVs.
• 5 x 223 Fridge/Freezer.
• 2 x top-load washing machines.

Furniture Pack Inclusions:

Optional furniture package for $28,000 fully installed and tenant-ready.

• Fully installed and tenant-ready furniture pack.
• 5 studios furnished with bedroom and living area furniture.
• Common area furniture, appliances, crockery, and cutlery.

Energy Efficiency:

• 13 kW photovoltaic solar system.

Warranties:

• 6-year structural guarantee.
• 1 year material and workmanship guarantee from practical completion.

This property offers a strong rental yield and is designed for SMSF investors or standard investors. It is a ready-to-move-in, fully-furnished rooming house, offering modern inclusions and proximity to Brisbane's amenities and transport infrastructure.

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 priorities 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 young professionals and older singles generally seek this accommodation category. 

- Tax depreciation benefits from fixtures and fittings. 

- Income security, with income flow even when one tenant moves out. 

The house render is for display purposes only and may not represent the actual property as shown on the floor plan.