3/131 Evenwood Street
Coopers Plains, QLD 4108

This property presents a unique opportunity to invest in a high-yield residential asset located in Coopers Plains. It offers an 8% to 40% stake in a newly constructed rooming house, developed by a reputable builder. This investment allows for ownership benefits such as cash flow, capital growth, tax depreciation, and transparent cost management throughout the property's lifecycle.

The rooming house is a council-approved suburban home featuring five independent suites, each leased to single, fully employed adults. Each suite functions as a micro-apartment, complete with its own living room, bedroom, ensuite bathroom, kitchenette, and outdoor courtyard. Tenants share communal facilities including a kitchen, laundry, car parking, and a common entry. For security and convenience, each room is equipped with electronic locks operated by pin codes.

The building is constructed with termite-resistant steel framing and a concrete slab foundation. It features 2600mm ceilings, a colorbond roof, gutters, and PVC downpipes. Energy efficiency is enhanced by a 13.3KW solar system. Each suite is fitted with fans and air conditioning, tiled ensuites, carpeted bedrooms, and hybrid timber flooring in living areas. Security is further ensured with electronic locks on each suite and the front door, as well as security screens on doors and windows. The exterior is clad with fibre cement sheets, complemented by H3 timber fencing, hardscaping, a concrete driveway, landscaping, LED downlighting, and plastered interior walls.

The financial breakdown includes a land price of $860,000 and a build price of $632,910, with additional costs for stamp duty, transfers, furniture, valuation, broker's fees, and conveyancing. The total value prior to completion is approximately $1,492,910, increasing to $1,600,000 post-completion. The principal debt is $970,391, representing a 35% deposit. The property generates a gross annual income of $117,562 and a net income of $95,552.

Investment shares are available, with five shares offered at 8% ownership each, priced at $117,613 per share. This ownership yields an estimated gross income of $9,180 per annum (7.8% ROI) and a net income of $7,644 per annum, with equity growth potential.

Located in Brisbane, this property benefits from the city's strong residential investment market, driven by population growth, infrastructure development, affordability, and increasing rental demand. Brisbane suburbs offer a desirable lifestyle, connectivity, and long-term capital growth prospects. The region is poised for continued economic and demographic growth, especially with upcoming major infrastructure projects and the 2032 Olympic Games.

The demand for rooming leases is increasing due to undersupply, with a significant portion of the population being single and a low percentage of one-bedroom rentals available. Rooming houses provide new, spacious, furnished, and convenient accommodation with inclusive bills, making them highly sought after by tenants. This segment offers affordable rents, typically between $400 and $460 per week, serving a stable market with low volatility.

Compared to traditional residential assets, rooming houses offer significantly higher gross yields, with effective property management ensuring consistent rentals and low vacancy rates. Investors can expect returns two to three times higher than standard dwelling investments, with gross yields ranging from 7.6% to 8% and above.

Disclaimer: All information has been sourced from reliable channels; however, accuracy cannot be guaranteed. Prospective buyers are advised to conduct their own due diligence and seek independent advice as necessary.