PRESTON

Investor Opportunity: New 14-Bedroom Rooming House in Preston

Unlock outstanding investment potential with this off-the-plan, purpose-built rooming house in the highly sought-after suburb of Preston. This property is designed for maximum rental income and hassle-free management.

Property Highlights

• 14 Bedrooms | 14 Bathrooms | 2 Kitchens | 4 Car Spaces
• Total Area: 411.16 sqm | Land Size: 501.59 sqm
• High Rental Return: 8.8% – 10.27% (significantly above Melbourne’s residential average of 3.0%)
• Net Annual Rental Income: Over $210,000
• No Owners Corporation Fees: Land size exceeds 500 sqm
• Private Ensuitеs & Natural Light: Every bedroom features its own ensuite and ample natural light for tenant comfort
• Rental: the rental for each room with a separated bathroom to be in range of $350-$380 per week with furniture and appliances provided. Electricity, gas and water usage, internet to be provided at rental provider’s cost.

Location & Market Highlights

• School Zone: Preston South Primary School & Preston High School
• Super Low Vacancy Rate: Just 0.99%, well below the Greater Melbourne average of 2.5% (as of March 2025)
• Strong Rental Growth: Annual rental growth of 3% – 7%
• Solid Capital Growth: House compound annual growth rate of approximately 4.03%

Investment Summary

This is a rare opportunity to secure a high-yield, modern rooming house in a prime location with proven demand. The property is ideally suited for investors seeking robust cash flow, minimal vacancy risk, and long-term capital appreciation. With no owners corporation fees and a spacious land holding, this asset offers both financial security and flexibility for future development.

Contact Us Today Before This High-Yield Investment Is Snapped Up!