16/1023 Dandenong Rd

Malvern East VIC 3145

Unit

Currently for sale - view listing

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

Property history for 16/1023 Dandenong Rd

2018

Sold

$132,000

03 Sep 2018 by Zeno Kobica, of Scott Banks Real Estate Group

Happy sellers in Malvern East

88%

88% 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 31 reviews in Malvern East over the last 12 months.

Local market activity for 1 bedroom units in Malvern East

In the last 12 months, 7 one-bedroom units similar to 16/1023 Dandenong Rd, have been sold.

This represents a 250% decrease in one-bedroom units sales when compared to the previous 12 months.

Sold

For Sale

For Rent

View the listing for inspection times, agent contact details, and more.

at Viva Property