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9 Kelty Court, Highton VIC 3216

$949,000 - $1,040,000

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$949k - $996k Transparent Transparent Listing Based on an openly advertised listing price.

House 8 Beds 4 Baths 2 Cars 569 m²

Listed: 49 days ago

Updated: 37 days ago

Overview

This sizeable eight-bedroom house in Highton is tailored for investors interested in student accommodation, offering a strong income stream in a prime location.

Situated conveniently within the University Estate, it is within comfortable walking distance to Deakin University, Waurn Ponds campus, and just across from Epworth Hospital, enhancing its attractiveness for student tenants and short-term renters. Nearby amenities including public transport, shops, cafes, and restaurants add to the ease of living for tenants.

The residence emphasizes communal living with a well-appointed central kitchen fitted with a large pantry, a five-burner gas cooktop, dishwasher, and rangehood, fostering a practical and sociable environment. Open-plan dining and multiple study areas provide flexibility and comfortable shared spaces.

Accommodation includes eight bedrooms, two of which feature private ensuites, while the others share two full bathrooms, complemented by a shared laundry. This layout optimizes functionality for multiple residents.

Year-round comfort is ensured through gas ducted heating and evaporative cooling systems. The double remote-control garage provides secure parking with internal access and extra storage space. Essential services including gas hot water, electricity, and internet are installed, supporting tenant needs.

The property is fully furnished and configured for student housing, positioning it as a flexible, income-generating asset in a strong rental market.

Rental income at full occupancy is projected at approximately $1,850 per week, with room rates varying between $195 and $360, reflecting room features such as double rooms and ensuites. This multiple income stream approach offers resilience and profitability for investors.

Overall, this property presents an attractive opportunity for investors seeking established student accommodation with proven rental appeal, set in a highly convenient and sought-after location.

Local Market Insights

In Highton, Quiet Listings observed 74 new houses entering the market over the last 30 days, down from 77 during the previous 30-day period, with an average advertised asking price of $910,162. The property type mix of listed properties is predominantly Houses at 77%, followed by units (15%), and townhouses (6%). The most active agency for houses in the Highton area is currently Buxton Real Estate Group, representing 45% of new listings, followed by Ray White with 14%. 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.