31 Towers StreetFlora Hill VIC 3550
Property Details for 31 Towers St, Flora Hill
31 Towers St, Flora Hill is a 8 bedroom, 2 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 353m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in July 2024.
Last Listing description (December 2025)
Perfectly positioned in the ever-popular Flora Hill, this Class 1B compliant rooming house presents an outstanding opportunity for investors seeking strong and immediate returns.
With high demand driven by its proximity to public transport, La Trobe University and the Bendigo CBD, this property represents a rare, set-and-forget investment in a tightly held location.
Situated on a good-sized allotment, the property is fully compliant, prescribed accommodation approved, and already tenanted throughout.
The Prescribed Accommodation Permit will be able to be transferred to the new owner (STCA), ensuring continuity and peace of mind. Ray White Bendigo can also continue to professionally manage the property on your behalf for a completely stress-free investment experience.
Comprising eight spacious bedrooms and two well-appointed bathrooms, the building has been designed for practicality, comfort, and low-maintenance operation. Each room is individually leased, with weekly rental amounts ranging from $250 to $295 per week, generating exceptionally strong returns:
Total Gross Weekly Income: $2,180
Total Gross Annual Income: $113,360
Located just minutes from La Trobe University, the Bendigo CBD, and major transport links, this high-performing property offers exceptional rental appeal with minimal vacancy risk. Fully compliant and operating smoothly, it is the definition of a turnkey, high-yielding rooming house investment.
Yield Analysis
At $750,000 Purchase Price
Gross Yield: 15.11%
At $900,000 Purchase Price
Gross Yield: 12.60%
Property History for 31 Towers St, Flora Hill, VIC 3550
- 24 Nov 2025Listed for Sale $845,000 - $880,000
- 17 Jul 2024Listed for Sale $650,000
- 03 Jul 2024Sold for $567,240
Recent sales nearby
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0About Flora Hill 3550
The size of Flora Hill is approximately 2.9 square kilometres. It has 7 parks covering nearly 17.4% of total area. The population of Flora Hill in 2016 was 3955 people. By 2021 the population was 3989 showing a population growth of 0.9% in the area during that time. The predominant age group in Flora Hill is 20-29 years. Households in Flora Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Flora Hill work in a professional occupation.In 2021, 47.90% of the homes in Flora Hill were owner-occupied compared with 44.10% in 2016.
Flora Hill has 2,231 properties. Over the last 5 years, Houses in Flora Hill have seen a 47.83% increase in median value, while Units have seen a 51.35% increase. As at 31 January 2026:
- The median value for Houses in Flora Hill is $648,571 while the median value for Units is $449,942.
- Houses have a median rent of $470 while Units have a median rent of $445.
Suburb Insights for Flora Hill 3550
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