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    Project

    Four rooms. A first development step.

    A lower-risk entry-point rooming house for a first-time investor, designed to scale to a larger portfolio.

    Four rooms. A first development step. — Werribee, Melbourne

    Specification

    LocationWerribee, Melbourne
    Rooms4
    Bathrooms4 ensuite + shared
    ClassificationClass 1B rooming house
    Completed2024
    Land size450m²
    Challenges

    Tight budget required value-engineered construction without compromising compliance.

    Planning

    Wyndham City Council. Straightforward General Residential Zone approval.

    Design

    Lightweight upper form over a brick base; four private suites with a shared kitchen and living.

    Outcome

    Consistent 100% occupancy. Indicative gross yield of 7.8% — a stable first asset.

    "We started with four rooms. We're now planning our third project."

    — Investor, Werribee
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