An outstanding opportunity to secure an near new purpose-built rooming house delivering exceptional rental returns of up to $68,000 per annum (over $1300 per week), representing a rare 6%+ gross yield in a tightly held growth corridor.
This high-performing co-living asset is ideally positioned just moments from Manor Lakes Train Station and Manor Lakes Shopping Centre, making it highly attractive to professionals, students, and essential workers seeking convenient, low-maintenance accommodation.
Currently, three rooms are already leased ranging between $250-$280 per week for each room, providing immediate income with strong demand supporting ongoing leasing and rental growth. With flexible leasing structures and utilities included, this property offers a set-and-forget investment with minimal vacancy risk.
Investment Highlights:
• Estimated rental return: Up to $68,000 per annum (over $1300 per week)
• Rare 6%+ gross yield
• Immediate income with rooms already tenanted with each room leased between $250- $280 per week.
• Strong demand location close to transport, shopping, and amenities
• Ongoing Common area cleaning & gardening – cost covered by landlord
Property Features:
• Purpose-built studio-style rooms, each with a private ensuite including shower, toilet, and sink
• Utilities included (internet, water, gas, and electricity), maximising tenant appeal and simplifying management
• Shared kitchen area fully equipped with additional fridge, induction cooktop, oven, fridge and dishwasher
• Fully furnished (Appliances & Furniture) Living area and Laundry.
• On-site laundry facilities for resident convenience
• Parking options include a single lock-up garage (available at additional cost to residents) plus off-street parking
Lease Structure:
• Flexible weekly or fortnightly rental payments
• Bond: 4 weeks' rent
• Option for multiple occupants per room at an additional charge, increasing income potential
With strong rental demand, flexible income streams, and an unbeatable location, this is a rare chance to secure a high-yield co-living investment in one of Melbourne's fastest-growing suburbs.
Inspections are highly recommended for investors seeking strong cash flow and long-term growth.
Photo ID required for all inspections.
Please see the below link for an up-to-date copy of the Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent
*Images for illustrative purposes only*
