16/1023 Dandenong RoadMalvern East VIC 3145
Property Details for 16/1023 Dandenong Rd, Malvern East
16/1023 Dandenong Rd, Malvern East is a 1 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 1 bedroom Unit sold in Malvern East in the last 12 months.
Last Listing description (May 2026)
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 risk—ideal 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.
Property History for 16/1023 Dandenong Rd, Malvern East, VIC 3145
- 15 May 2026Sold for $125,000
- 29 Apr 2026Listed for Sale UNDER OFFER
- 17 Mar 2026Listed for Rent $395 / week
Recent sales nearby
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About Malvern East 3145
The size of Malvern East is approximately 7.7 square kilometres. There are 25 parks, covering nearly 14.3% of the total area. The population of Malvern East in 2016 was 21707 people. By 2021 the population was 22296 showing a population growth of 2.7% in the area during that time. The predominant age group in Malvern East is 20-29 years. Households in Malvern East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern East work in a professional occupation.In 2021, 66.90% of the homes in Malvern East were owner-occupied compared with 64.90% in 2016.
Malvern East has 12,922 properties. Over the last 5 years, Houses in Malvern East have seen a -1.68% decrease in median value, while Units have seen a -4.47% decrease. As at 31 August 2026:
- The median value for Houses in Malvern East is $2,199,907 while the median value for Units is $693,787.
- Houses have a median rent of $895 while Units have a median rent of $578.
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