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Back 16/1023 Dandenong Rd
Off Market

16/1023 Dandenong Rd

Malvern East VIC 3145

1
1
Unit
Rosa ChikRosa Chik, last sold this property on 19 May 2026 after 20 days on market.

Overview

High-Yield Student Accommodation in Prime Malvern East Location

Positioned in a well-maintained complex along the highly sought-after Dandenong Road corridor, this furnished student accommodation apartment presents a compelling investment opportunity with secure rental income already in place. Currently leased at $1,543 per calendar month ($355 per week) until 2 July 2026, and new 12 month lease is in place until 2 July 2027 at $1716 per calendar months ($395 per week), the property offers immediate cash flow with no vacancy risk—ideal for investors seeking stable, hands-off returns in a proven student housing market. The apartment is thoughtfully designed for practical student living, featuring a comfortable bedroom with built-in storage, a functional study area, and a light-filled open-plan kitchen and dining space equipped with modern appliances. The layout maximises efficiency while maintaining a clean, low-maintenance environment suited to high-demand rental use. Residents benefit from proximity to key education institutions, public transport options, and local amenities, enhancing its ongoing appeal to the student demographic. Key Investment Highlights: - Secure lease in place until July 2027 - Strong rental return at $395 per week - Purpose-built student accommodation (student-only occupancy) - Low-maintenance, fully furnished setup - Convenient access to transport, shops, and universities - Located within a consistently high-demand rental precinct An excellent addition to any investment portfolio, this property combines reliable income with a strategic location in one of Melbourne’s established student accommodation hubs.

Features

1 bedroom
1 bathroom
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Malvern East over the last 12 months, the estimated median property value of 16/1023 Dandenong Rd is $136.5k.

Median value
$136.5k
Estimated value range
$117k - $315k
Median days on market
28
Estimated value trend
-56%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Malvern East. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 16/1023 Dandenong Rd

2026
Sold
Undisclosed
19 May 2026 by Rosa Chik, of Viva Property
2018
Sold
$132,000
03 Sep 2018 by Zeno Kobica, of Scott Banks Real Estate Group

Happy sellers in Malvern East

93%
93% of sellers in Malvern East reported that their sale price either exceeded or met their price expectations.

Malvern East stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 30 reviews in Malvern East over the last 12 months.

Local market activity for 1 bedroom units in Malvern East

In the last 12 months, 9 one-bedroom units similar to 16/1023 Dandenong Rd, have been sold.

This represents a 125% decrease in one-bedroom units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Malvern East

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Adam Pavlou

Sellers who recommend Adam Pavlou have praised them for being clear communication, local expert, hard-working, honest, well-prepared and responsive

  •   5   (20 reviews)
  •  12 Reviews in Malvern East
  •  8 Sales in Malvern East
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Alex Voronin

Alex Voronin is an award winning recommended agent for Malvern East.  They have 8 local sales and collected 4 local reviews across the last 12 months.

  •   4.9   (116 reviews)
  •  4 Reviews in Malvern East
  •  8 Sales in Malvern East
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Michael Rosano

Sellers who recommend Michael Rosano have praised them for being clear communication, local expert, pleasant, responsive, friendly, supportive and honest

  •   4.8   (163 reviews)
  •  3 Reviews in Malvern East
  •  3 Sales in Malvern East
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Steve Burke

Sellers who recommend Steve Burke have praised them for being clear communication, local expert, supportive, honest, hard-working, responsive and reliable

  •   4.9   (317 reviews)
  •  4 Reviews in Malvern East
  •  5 Sales in Malvern East
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