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17 Stanhope Street, Dandenong VIC 3175

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$1.5M - $2M Medium Confidence Calculated based on our search observations.

House 8 Beds 3 Baths 5 Cars 693 m²

Listed: 25th Jun 2026

Updated: 12 hours ago

Overview

This property represents a specialised investment opportunity in Dandenong, Victoria, with a fully compliant and licensed 8-room rooming house located on a substantial block of approximately 690 square metres. This turnkey asset currently enjoys full occupancy, offering strong and immediate cash flow.

The property comprises eight rentable rooms, including one private ensuite, six standard rooms, and one premium room. The rental model is all-inclusive, covering utilities, which has proven popular and generated consistent strong tenant demand demonstrated by daily enquiries and a stable occupancy rate. This ensures a reliable income stream by eliminating vacancy risk for investors.

The current rental configuration produces approximately $2,490 per week in income, translating to an estimated annual gross income of $129,000 or more. The weekly income breakdown includes six standard rooms rented at $300 each, one premium room at $330 per week, and the ensuite room at $360 per week.

This investment is fully compliant with Victorian rooming house regulations and is registered and licensed, making it a rare offering in this sector. The property features a large land size of about 690 square metres, providing potential for future development opportunities subject to council approval (STCA).

Additional features include the provision of evaporative cooling to improve living comfort, full fencing for privacy and security, and a shed for storage needs. The established tenancy structure is flexible, operating under rooming agreements tailored for this type of property.

This high-demand location in Dandenong is part of a growth corridor, making this property suitable for experienced investors, Self-Managed Super Fund (SMSF) buyers, and developers seeking an income-producing asset with potential long-term land value appreciation. The stable cash flow combined with the opportunity for future development are key highlights of this exceptional property.

Overall, this property offers a strong holding income and immediate investment returns as an operational, fully tenanted rooming house, removing the typical risks associated with new investment ventures. It is an ideal option for buyers looking for a secure, high-yield investment with development upside in a strategic Melbourne suburb.

Local Market Insights

In Dandenong, Quiet Listings observed 23 new houses entering the market over the last 30 days, down from 27 during the previous 30-day period, with an average advertised asking price of $898,174. The property type mix of listed properties is predominantly Houses at 38%, followed by units (26%), and apartments (13%). The most active agency for houses in the Dandenong area is currently Ray White, representing 30% of new listings, followed by Family Realtors (Real Estate Agents) with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.