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Soldiers Hill
| 5 Beds | 5 Baths | Approx 512 Square metres | 2 car spaces |
This purpose-designed 5-bedroom, 5-bathroom rooming property offers investors an alternative to the traditional single-house rental model, with the purpose to accommodate multiple residents under one roof.
At a time when investors are looking closely at the relationship between property values, borrowing costs, rental income and ongoing holding expenses, the way a property generates income matters.
WHY ROOMING?
Traditional residential investment generally relies on one household paying one weekly rent.
Rooming takes a different approach.
By creating a home with multiple private bedrooms and bathrooms, the property is designed around multiple occupants rather than a single household. This can provide an opportunity to generate income from several residents while retaining ownership of a single residential asset.
That structure can make co-living particularly interesting for investors focused on rental income and cashflow, all for under $800k in the established location of Ballarat.
THE INVESTMENT OPPORTUNITY
Purchase price: $789,500
5 bedrooms | 5 bathrooms | 2 car garage
205.60m² Build | 512m² land
Registration - Titled land
Rental Appraisal - $1,100 - $1,200 per week
Yield - 7.2% - 7.9%
The combination of five bedrooms and five bathrooms is particularly suited to a shared living model, giving residents greater privacy and creating the potential to operate the home as a multi-occupancy rental rather than relying solely on a single household lease.
CASHFLOW-FIRST PROPERTY THINKING
For investors, the question should be: "How efficiently can this property generate rental income today?"
That's where the shared-living model deserves attention.
Rather than maximising living space for one family, this home has been configured around multiple individual occupants, creating a property where rental income can potentially be diversified across several residents.
Actual rental income, operating costs and cashflow will depend on the final management structure, occupancy, market rents, financing and expenses. Investors should undertake their own due diligence and obtain independent financial and rental advice.
TURNKEY INCLUSIONS
The home includes a range of turnkey features designed to create a modern, low-fuss investment:
- 900mm appliances
- 20mm stone benchtops
- 2590mm ground-floor ceilings
- Reverse-cycle split systems to bedrooms and main living
WHY BALLARAT?
Ballarat offers investors the opportunity to access a substantial regional property market while benefiting from the broader appeal of a major Victorian regional centre.
For investors considering an income-focused strategy, this property provides an opportunity to combine land ownership, a purpose-designed dwelling and a co-living rental model in one asset.
A PROPERTY DESIGNED FOR THE WAY RENTAL MARKETS ARE EVOLVING
Shared living isn't simply about putting more people into a house.
Done properly, it is about designing the property around the needs of individual renters, which providing privacy, convenience and quality shared living while giving the owner the potential to generate income from multiple occupants.
For investors looking beyond the traditional single-tenant model, this is an opportunity worth investigating.
Want to know more?
Reach out to the Meridien Invest Team today.
We are here to help.
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Disclaimer
Plans and images are for illustration purposes only. All prices and information is current as at the published date. Meridien Group does not provide financial or legal advice and does not offer or imply warranties or guarantees of performance. Clients are advised to seek independent legal and financial advice before proceeding.
Acknowledgement of Country
We respect and honour Aboriginal and Torres Strait Islander Elders past, present and future. We acknowledge the stories, traditions and living cultures of Aboriginal and Torres Strait Islander peoples on this land and commit to building a brighter future together.