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16/1023 Dandenong Road, Malvern East
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16/1023 Dandenong Road

Malvern East, VIC 3145, Australia
1 bed 1 bath

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About this property

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.

Neighbourhood

Living in Malvern East

This 1-bedroom apartment in Malvern East, VIC 3145 sits within reach of public transport, local shops and nearby schools.

Schools near Malvern East

  • The Currajong Schoolcombined · Prep-6 · Boys
  • Lloyd Street Primary Schoolprimary · Prep-6 · CoEd
  • Malvern Primary Schoolprimary · Prep-6 · CoEd
  • Malvern Valley Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Stop 68: Koornang Road (tram)1.4 km away
  • Burberry2.6 km away
  • Urban Forest1.8 km away
  • Unnamed2.0 km away
  • Springthorpe Gardens2.0 km away

Malvern East at a glance

Full suburb profile
Population
22,296
Median age
38
Household income
$2,383/wk
Median rent
$421/wk
Median mortgage
$2,944/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Malvern East price trend

Median sold · Unit 1 bed

Compound growth -0.2% / yr over 4 yrs

$315kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Malvern East market

Within 5km

Nearby Properties

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