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Overview
64-66 Alexander Avenue, Dandenong
This exceptional property at 64–66 Alexander Avenue, Dandenong, represents a rare and substantial infill landholding situated in the heart of one of Melbourne's fastest-growing growth corridors. The site currently comprises two existing homes on a single title, offering a unique opportunity for developers, operators, or investors with vision to capitalize on its scale, flexibility, and prime location.
Positioned to overlook serene parklands and located just moments from key amenities such as Dandenong Hospital, the central business district, and major transport arterials including Princes Highway, Monash Freeway, and EastLink, this property is difficult to replicate in today's market.
The Site
- Land area: 4,624 square meters
- Zoning: General Residential Zone 1 (GRZ1)
- Level site with minimal demolition required
- Parkland outlook enhancing amenity value across all development types
- Walking distance to Dandenong Hospital, train station, and major highways
Development Pathways
The site supports three distinct development outcomes, each offering significant potential subject to council approval:
Townhouse Development
- Estimated yield of 18 to 26 townhouses comfortably, with potential for up to 30
- Dandenong's townhouse market remains strong, attracting both investors and owner-occupiers
Childcare Centre
- GRZ1 zoning permits community and childcare uses (subject to council approval)
- Site supports a 90 to 120 place childcare centre
- Large frontage enhances visibility, a key factor for childcare operators
- Potential to subdivide and retain balance land
Aged Care / Retirement Living
- Capacity for 80 to 120 beds, subject to design and council approval
- Proximity to Dandenong Hospital and services is a primary locational advantage
- Dandenong's ageing and culturally diverse population drives sustained demand for care-focused housing
- Best suited to an operator or institutional investor
Why Dandenong?
Dandenong is recognized as one of Melbourne's fastest-growing and most undersupplied corridors. There is strong and consistent demand for townhouses from both investors and owner-occupiers, alongside an acute shortage of quality aged care and childcare facilities in the southeast region. Infill sites of this scale and condition are increasingly rare, presenting a genuine blank canvas for the right developer or operator to create a landmark project.
Prospective purchasers are encouraged to conduct their own enquiries and verify all information independently. The property is offered with a comprehensive Information Memorandum available upon request.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $2,880,000 - $3,160,000 | |
| $2,950,000 - $3,245,000 |
Location
Dandenong VIC 3175
Market Insights for Dandenong VIC 3175
Other properties in this postcode
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