4 Bellamy St

Acacia Ridge QLD 4110

212 m²

404 m²

House

Currently for sale - view listing

Overview

Brand New Purpose-Built Rooming House | Appraised Return of $2,200 p.w. ($114,400 p.a.)

Each room is fully self-contained, with its own bedroom, ensuite and living space with kitchenette, plus an individual split system air conditioner. The shared common area includes a full kitchen with oven, cooktop and rangehood, along with laundry facilities running 2 x washing machines. Premium inclusions: - 15kW solar system, reducing operating costs and improving yield - 3.4kW reverse-cycle air conditioning in every room - Kitchens and kitchenettes with quality appliances and stone benchtops - Security screens and roller blinds to all doors and windows - Semi-solid core internal doors with acoustic insulation between rooms for genuine sound separation Positioned for long-term growth and tenant demand: - Multiple bus stops within a few minutes walk - Banoon Train Station a 10-minute drive away (5.9km) - Elizabeth St Shopping Centre, home to an IGA and a range of shops, a 2-minute walk away (200m) What is a rooming house, and why Brisbane? Rooming houses are a relatively new but fast-growing rental option in Brisbane, currently making up around 3% of the city's rental market. Each property typically holds five fully furnished, individually leased micro-apartments, with a bedroom, living area, kitchenette and bathroom in each, and utilities included for tenant convenience. Occupants are usually young professionals or older single tenants. Completed rooming houses rarely reach the open market. Limited affordable land and strong, reliable cash flow mean most owners hold them long term, which keeps quality stock in short supply. Upcoming Brisbane City Council legislation is set to tighten the approval and construction requirements for new rooming accommodation, slowing the flow of new stock considerably. As supply tightens and tenant demand holds firm, securing an established, income-producing rooming house now means access to a larger and more concentrated tenant pool down the track. The window to enter this market before competition intensifies is closing, and for investors who move early, the long-term position is a strong one.