Back 703/157 Lonsdale Street
Off Market

703/157 Lonsdale Street

Dandenong VIC 3175

1
1
Apartment
Last sold for $170,000
Linda HendrieLinda Hendrie, last sold this property on 19 August 2025 after 586 days on market.

Overview

Prime investment opportunity – Hotel room in the heart of Dandenong

High returns | Low maintenance | Prime location Looking to grow your portfolio with a secure, hands-off investment? This fully managed hotel room in the thriving hub of Dandenong offers a rare combination of strong rental returns, minimal upkeep, and long-term stability – all in one of Melbourne's fastest-growing suburbs. Investment Highlights: - Gross rental return: $16,276 per annum – 8.6% yield - Truly passive income - Professionally managed through the hotel – set and forget with confidence. Property features: - Fully furnished hotel room with built-in robes - Kitchenette complete with bar fridge, microwave, and ample storage - Private bathroom with separate shower, toilet, and basin - Reverse-cycle air conditioning and heating - Secure building with 24/7 access - On-site laundry facilities Location benefits: - Walking distance to Dandenong Train Station, Plaza, Drum Theatre, and multicultural Market - Close to excellent transport links and just 9km from Casey Arc, Bunjil Place, and Westfield Fountain Gate - Surrounded by cafes, restaurants, retail outlets, and entertainment – all within easy reach. This is a solid, low-risk investment ideal for those seeking a stable passive income without the hassle. Opportunities like this don't last long. Enquire today to learn more or arrange a private inspection.

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Dandenong over the last 12 months, the estimated median property value of 703/157 Lonsdale Street is $274k.

Median value
$274k
Estimated value range
$170k - $365k
Median days on market
55
Estimated value trend
0%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Dandenong. 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 703/157 Lonsdale Street

2025
Sold
$170,000
19 Aug 2025 by Linda Hendrie, of Hockingstuart Dandenong

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 1 bedroom apartments in Dandenong

In the last 12 months, 24 one-bedroom apartments similar to 703/157 Lonsdale Street, have been sold.

This represents a 32% increase in one-bedroom apartments sales when compared to the previous 12 months.

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