12 Illawonga Court
Churchill, VIC 3842

Positioned in one of Regional Victoria’s strongest rental markets, this purpose-built, high-performing asset at 12 Illawonga Court, Churchill offers an exceptional investment opportunity focused on immediate income, multiple revenue streams, and minimal vacancy risk.

This property is a premium 7-unit rooming house, uniquely designed to apartment-level specifications. Each of the seven residences is fully self-contained, featuring private ensuites, kitchenettes, separate living and sleeping zones, and individual courtyards. This rare combination attracts higher-quality tenants and supports premium rental returns.

With seven independent income streams under one roof, the property generates a combined weekly income of $2,520, equating to approximately $131,040 annually at full occupancy. This reflects an estimated gross yield of 11.9%, significantly outperforming traditional residential investments.

The design emphasizes independent, low-maintenance accommodation that reduces tenant turnover, minimizes vacancy, and ensures consistent cash flow. The investment model is resilient; if one room becomes vacant, the other six continue producing income, providing stability and reliability for investors.

Located in Churchill, the market is 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:

• Seven fully self-contained, apartment-style studios
• Premium market rent of approximately $360 per room per week
• Total weekly income of $2,520
• Approximate annual gross return of $131,040
• Indicative gross yield of 11.9%
• Ready-built and fully fitted with no additional capital required
• Designed for low vacancy and long-term tenant retention

This turnkey, high-yield investment is ideal for investors prioritizing cash flow, scalability, and asset efficiency. Opportunities at this level—ready-built, high-spec rooming houses in undersupplied markets—are tightly held and quickly secured.

Prospective purchasers are advised to conduct their own due diligence to verify the accuracy of the details and satisfy themselves with any pertinent matters.