It's Addressed:
Positioned in one of Regional Victoria’s strongest rental markets, this purpose-built, high-performing asset at 12 Illawonga Court, Churchill delivers exactly what serious investors are chasing—immediate income, multiple revenue streams, and minimal vacancy risk.
This is not your standard rooming house. Each of the seven residences has been designed to apartment-level specification, offering fully self-contained living with private ensuites, kitchenettes, separate living and sleeping zones, and individual courtyards—an exceptionally rare combination that attracts higher-quality tenants and supports premium rental returns.
With 7 income streams under one roof, the property generates a combined $2,520 per week ($131,040 per annum) at full occupancy, reflecting an estimated 11.9% gross yield—substantially outperforming traditional residential investments.
The design is deliberate: independent, low-maintenance accommodation that reduces tenant turnover, minimises vacancy, and ensures consistent cashflow. If one room becomes vacant, six others continue producing income—creating a resilient, income-focused investment model.
Located in Churchill, a market underpinned by Federation University, healthcare infrastructure, and ongoing housing shortages, demand for quality accommodation remains structural and year-round. With limited comparable premium stock available, this asset occupies a unique position with little direct competition.
Key Investment Highlights:
• 7 fully self-contained, apartment-style studios
• $360 per room per week (premium market rent)
• $2,520 total weekly income
• Approx. $131,040 annual gross return
• 11.9% gross yield (indicative)
• Ready-built and fully fitted – no additional capital required
• Designed for low vacancy and long-term tenant retention
This is a turnkey, high-yield investment designed for investors who prioritise cashflow, scalability, and asset efficiency.
Opportunities at this level—ready-built, high-spec rooming houses in undersupplied markets—are tightly held and quickly secured.
For more Real Estate in Chruchill 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.
