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17 Stanhope Street

Dandenong VIC 3175

8
3
5
693 m²
House
Currently for sale - view listing

Overview

Fully Compliant 8-Room Rooming House + $129,000+ Income on 690sqm Land High Demand Dandenong Investment (STCA) !

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.

Features

8 bedrooms
3 bathrooms
5 carspaces
693 m² lot size
House

Happy sellers in Dandenong

87%
87% of sellers in Dandenong reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 137 reviews in Dandenong over the last 12 months.

Local market activity for 8 bedroom houses in Dandenong

In the last 12 months, 1 eight-bedroom house similar to 17 Stanhope Street, have been sold.

This represents a 50% increase in eight-bedroom houses sales when compared to the previous 12 months.

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