Its Addressed:
Purpose-built just two years ago and finished to an exceptional standard rarely seen in the rooming house sector, 24 Evelyn Street, Moe offers a high-performing, low-maintenance investment in one of regional Victoria’s strongest yielding markets. Set on 751sqm and designed for long-term tenant appeal and operational efficiency, this is an outstanding opportunity for investors seeking reliable cashflow, strong rental demand and minimal ongoing upkeep.
Comprising nine individually self-contained rooms, each suite features its own private courtyard, split-system heating and cooling, built-in robe, and kitchenette, providing superior amenity and privacy. Importantly, each room includes its own bathroom, ensuring premium comfort and suitability for a wide range of occupants. This is not a converted dwelling — this is a high-end, fully compliant Class 1B rooming house, purpose-crafted to outperform typical multi-residential assets.
Currently achieving weekly rents between $330–$350 per room, the property offers a gross annual income of approximately $154,440 based on full occupancy, positioning it as a powerful income generator in a market where demand continues to outstrip supply. With exceptionally high tenant appeal, modern finishes, and functional layouts, the property benefits from strong occupancy trends and ongoing demand for affordable private accommodation in regional hubs.
Externally, the property is low-maintenance and highly practical, featuring ample off-street parking, private outdoor spaces for each unit and a contemporary façade that reflects the building’s quality construction. Investors will appreciate the modern build, durable materials and compliance-driven design, all of which contribute to reduced ongoing cost exposure and increased tenant retention.
Located moments from Moe’s commercial centre, supermarkets, major employers, public transport and essential services, the property is ideally positioned to service a wide and stable tenant demographic. With infrastructure expansion and sustained population inflow supporting the region’s growth, the Moe rental market remains strong, with rooming accommodation outperforming traditional tenancy models for both yield and occupancy.
A rare opportunity to secure a high-end, high-yielding, near-new rooming house in a market with proven rental depth and strong economic fundamentals — perfect for investors seeking dependable income with minimal complexity.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
