31 Towers Street, Flora Hill VIC 3550

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%