63 Dandenong Road East
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About this property
Are you looking for a secure and lucrative investment opportunity? Look no further than 63 Dandenong Rd East, Frankston, a newly built, double-storey property featuring 9 individually tenanted rooms. This exceptional investment offers a gross income of $161,600, yielding at least 8.5% annually, with an impressive 98.9% occupancy rate since its inception. -Managed by Aquire Real Estate, ensuring a hassle-free experience for investors. -Fully compliant with Class 1 B permits and registered with the Council, providing peace of mind. -Land tax exemption and Division 43 depreciation benefits enhance your financial returns. -Situated in the sought-after bayside area, close to beaches, shopping, cafes, parklands, and public transport links. Purpose-Built Design: Crafted by industry leader construction, featuring high ceilings, balconies or terraces, and ensuites for each room. -Reverse cycle air conditioning and heating in every room, with access to a central kitchen.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 9
- Bathrooms
- 10
- Parking
- 2
- Land Area
- 702 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Frankston
This 9-bedroom house in Frankston, VIC 3199 sits within reach of public transport, local shops and nearby schools. It is listed 156% above the $635,000 median of 72 comparable houseswithin 5 km.
Schools near Frankston
- Frankston Special Developmental Schoolcombined · U · CoEd
- Ballam Park Primary Schoolprimary · Prep-6 · CoEd
- Frankston East Primary Schoolprimary · Prep-6 · CoEd
- Frankston Heights Primary Schoolprimary · Prep-6 · CoEd
- Frankston Primary Schoolprimary · Prep-6 · CoEd
- Karingal Heights Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Hope Court/Dandenong Road East (bus) — 133 m away
- Sealys Cycles and Fitness — 161 m away
- Orwil Street Reserve — 225 m away
- Ebdale Street Reserve — 391 m away
- OGrady Avenue Reserve — 502 m away
Frankston at a glance
Full suburb profile- Population
- 37,331
- Median age
- 39
- Household income
- $1,387/wk
- Median rent
- $342/wk
- Median mortgage
- $1,733/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Frankston price trend
Median sold · House 3 bed
Compound growth +2.6% / yr over 4 yrs
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Price history
Listing price changes
1 price change recorded for this property
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