3 North Road, Warragul, VIC, 3820

For Sale

3 North Road, Warragul, VIC, 3820

$890,000 - $979,000

585 m²

House

•

30+ days on the market

View agent price guide

What's around 3 North Road

The Brief: $126,360 Approx. Gross Annual Return – Licensed Class 1B Rooming House Investment

Its Addressed: Positioned in a convenient and well-established pocket of Warragul, this fully licensed and operating Class 1B rooming house presents a strong cash-flow investment opportunity in a market supported by consistent tenant demand and limited supply of compliant accommodation. The property comprises nine lettable bedrooms, two bathrooms, three toilets, a shared kitchen and living area, and a double garage with additional off-street parking, providing practical and functional accommodation designed to support consistent occupancy. As a registered Class 1B rooming house, the property is approved for rooming accommodation use and operates within the required regulatory framework, providing investors with an established and compliant income-producing asset from day one. Set on approximately 593m², the property benefits from close proximity to Warragul’s town centre, public transport, shopping precincts, and major local employers — key drivers behind ongoing demand for affordable accommodation in the region. Investment Highlights: • Fully licensed and operating Class 1B rooming house • Nine lettable bedrooms configured for strong rental return • Two bathrooms and three toilets servicing the home • Functional communal kitchen and shared living areas • Double garage plus additional off-street parking • 593m² (approx.) allotment • Convenient location close to transport, shops, and services • Established accommodation model with consistent demand Financial Snapshot: • Current room rents: $270 per room, per week • Approximate gross annual income: $126,360 (based on full occupancy) With strong regional demand for rooming accommodation and limited availability of compliant investment stock, 3 North Road, Warragul offers investors the opportunity to secure a high-yielding asset with immediate income and long-term holding appeal in one of Gippsland’s most reliable rental markets. "For more Real Estate in Warragul contact your Area Specialist. Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters."