16/1023 Dandenong Road

Positioned in a well-maintained complex along the highly sought-after Dandenong Road corridor, this furnished student accommodation apartment presents a compelling investment opportunity with secure rental income already in place. Currently leased at $1,543 per calendar month ($355 per week) until 2 July 2026, and new 12 month lease is in place until 2 July 2027 at $1716 per calendar months ($395 per week), the property offers immediate cash flow with no vacancy riskideal for investors seeking stable, hands-off returns in a proven student housing market. The apartment is thoughtfully designed for practical student living, featuring a comfortable bedroom with built-in storage, a functional study area, and a light-filled open-plan kitchen and dining space equipped with modern appliances. The layout maximises efficiency while maintaining a clean, low-maintenance environment suited to high-demand rental use. Residents benefit from proximity to key education institutions, public transport options, and local amenities, enhancing its ongoing appeal to the student demographic. Key Investment Highlights: - Secure lease in place until July 2027 - Strong rental return at $395 per week - Purpose-built student accommodation (student-only occupancy) - Low-maintenance, fully furnished setup - Convenient access to transport, shops, and universities - Located within a consistently high-demand rental precinct An excellent addition to any investment portfolio, this property combines reliable income with a strategic location in one of Melbourne's established student accommodation hubs.