17 Stanhope Street, Dandenong, VIC 3175

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)

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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: $2,490
Approx. Annual Gross Income: $129,480 (Fully Tenanted)

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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.