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17 Stanhope Street

Dandenong, VIC 3175, Australia

8 bed 3 bath 5 car693m²

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Area Price Guide

$121,260 – $136,740

Indicative price guide range

🏘️

Comparable

📊

$600,000

Area median

⚖️

-78%

vs median

📐

$186

Per m²

📏

693 m²

Land

🗓️

2 weeks ago

Listed

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Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Investment Summary: 8 Lettable Rooms (Including 1 Ensuite Room) Fully Tenanted 100% Occupancy Total Weekly Income: Approx. $2,490 Approx. Annual Gross Income: $129,000+ p.a. Fully Licensed & Compliant Rooming House (VIC) All-Inclusive Rental Model (Utilities Included) Strong Ongoing Tenant Demand (Daily Enquiries) Large Land Size: 690sqm (Approx.) Turnkey Income-Producing Asset Development Potential (STCA) -- Room Configuration: 6 Standard Rooms @ $300/week = $1,800/week 1 Premium Room @ $330/week = $330/week 1 Ensuite Room @ $360/week = $360/week Total Weekly Income: $2,490Approx. Annual Gross Income: $129,480 (Fully Tenanted) -- An exceptional opportunity to secure a fully compliant and fully tenanted 8-room licensed rooming house positioned on a substantial 690sqm (approx.) land parcel in a high-demand Dandenong location. Currently generating approximately $2,490 per week ($129,000+ per annum) in gross income with 100% occupancy, this turnkey investment offers immediate cash flow from settlement and a proven all-inclusive rental model supporting strong and consistent tenant demand. The property comprises 8 rentable rooms including one private ensuite room, shared amenities, and a fully compliant operational setup under Victorian rooming house regulations, making it a rare, ready-made high-income asset. The property also benefits from strong ongoing rental demand, with regular daily enquiries for room availability, supporting stable occupancy and reduced vacancy risk. Key Features: 8 rentable rooms (including 1 ensuite) 6 rooms at $300/week, 1 at $330/week, 1 ensuite at $360/week Approx. $2,490 weekly income Approx. $129,000+ annual gross return Fully compliant & registered rooming house (rare offering) 100% occupancy with established tenants All-inclusive rental structure (utilities included) Large 690sqm (approx.) land holding Strong holding income for investors or developers Flexible tenancy structure (rooming agreements) Development potential (STCA) * This is not a standard residential property, but a specialised income-producing asset suited to experienced investors, SMSF buyers, and developers seeking strong holding income with long-term land value upside in one of Dandenong's growth corridors.