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Overview
This substantial two-storey property in Dandenong North is designed primarily as a purpose-built rooming accommodation investment, featuring nine individual rooms each with a full private bathroom. Its design emphasizes privacy and natural light for each tenant, supporting a comfortable rental living experience.
At the center of the building is a communal, well-equipped kitchen and meals area that connects seamlessly to an outdoor courtyard, providing a communal gathering spot for residents. The property also includes on-site parking with four spaces, adding convenience for tenants and management alike.
Currently generating a healthy annual rental income of approximately $134,000, the property has projection for increased returns estimated at $145,000 per year. Such yield potential demonstrates a strong investment opportunity, appealing particularly to those looking to add a stable, income-producing asset to their portfolio.
Located just about 100 meters from a local shopping strip with bus services directly accessible in front of the property, tenants benefit from easy access to everyday amenities and public transport. This convenient location further supports tenant attraction and retention, underlining the property's investment appeal.
Local Market Insights
In Dandenong North, Quiet Listings observed 34 new houses entering the market over the last 30 days, up from 29 during the previous 30-day period, with an average advertised asking price of $809,779. The property type mix of listed properties is predominantly Commercial properties at 37%, followed by houses (32%), and units (11%). Ray White was the most active agency in this area, representing 27.3% of all new listings in the last 30 days. 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.
Location
Dandenong North VIC 3175
Market Insights for Dandenong North VIC 3175
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