$1,650,000

7 Bed  •  7 Bath  •  8 Car  •  1232m²

Main view of Homely block of units listing, 8 Dale Street, Kennington VIC 3550
Floorplan of Homely block of units listing, 8 Dale Street, Kennington VIC 3550
Second view of Homely block of units listing, 8 Dale Street, Kennington VIC 3550
+22

Sold

8 Dale Street, Kennington VIC 3550

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$1,650,000

  • 7
  • 7
  • 8
  • 1232m²

Block of Units Sold on Mon 3 Mar, 2025

What's around Dale Street

Block of Units description

“Residential Cash Cow”

Nestled at the top of a quiet and established court on 1232 sqm, 8 Dale Street Kennington presents a unique investment opportunity with high rental yield. Seven separate tenancies deliver a combined gross return of $152,880 per annum. Among these, a cream brick veneer boarding house and a detached unit block with four fully renovated units stand as a testament to the diversity and proven income of this exceptional investment all seven tenancies each have 1 carpark.

Boarding House:
The boarding house within this investment gem has undergone a complete internal transformation, ensuring a high standard of living for its occupants. Comprising three separate rooms, each with its own bedroom and living area, a convenient kitchenette, and a sparkling new bathroom, the central common area is designed for communal living, featuring a fully equipped kitchen, a dedicated laundry, and a shared living space that fosters a sense of community among residents. All three rooms are leased at $420 each per week.

Unit Key Features:
Four single-bedroom units, each meticulously renovated to offer contemporary comforts. The units feature brand-new kitchens and bathrooms with stone benchtops and equipped with European appliances and combined living/meals area.
All four units are leased at $420 each per week.

With existing leases in place and a proven track record of strong returns, 8 Dale Street is the epitome of a secure, high-yield investment. Selling fully furnished, located within close proximity to Kennington Village, Kennington Reservoir and multiple primary and secondary schools.

Land details

Area: 1232m²

Documents

Statement of Information: View

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