17 Stanhope Street, Dandenong

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)
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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.

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