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Overview
5 Lexton Avenue, Dandenong
This property presents an exceptional opportunity to acquire a substantial allotment of approximately 687 square meters in one of Dandenong's most convenient and well-connected locations. It is ideal for first home buyers, investors, developers, or land bankers seeking a versatile asset with immediate rental income and promising future development potential.
The land is zoned under the General Residential Zone – Schedule 1 (GRZ1), offering scope for dual occupancy or multi-dwelling development, subject to council approval (STCA). Currently tenanted at $1,977 per calendar month, the property provides an immediate return while future plans are considered.
The existing residence comprises three bedrooms and a central bathroom, complemented by a spacious lounge area. The functional kitchen adjoins a meals area equipped with gas cooking appliances, making it suitable for family living. Comfort is ensured year-round with a split system heating and cooling unit.
The expansive backyard offers ample space and potential for future development or landscaping enhancements, providing flexibility for various uses.
Property Features:
- Approximate 687sqm allotment
- Zoned General Residential Zone – Schedule 1 (GRZ1)
- Potential for dual occupancy or redevelopment (STCA)
- Currently leased at $1,977 per calendar month
- Three bedrooms
- Central bathroom
- Spacious lounge room
- Kitchen with adjoining meals area
- Gas cooking appliances
- Split system heating and cooling
- Large backyard with future development potential
Location Highlights:
- Minutes to Dandenong Station
- Close proximity to Dandenong Square shopping centre
- Near Dandenong Market and local cafes
- Easy access to Princes Highway and EastLink
- Close to schools, childcare facilities, and public transport
- Convenient access to Melbourne CBD and surrounding suburbs
Large landholdings with development potential are increasingly rare in Dandenong. With strong demand for quality housing and ongoing growth in Melbourne's south-east, this property represents an outstanding opportunity to secure a sizeable parcel of land with immediate rental income and future upside. Whether for investment, future development, or land banking, 5 Lexton Avenue offers flexibility and potential to suit a range of buyers.
Inspect today and explore the possibilities this property has to offer.
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.
Location
Dandenong VIC 3175
Market Insights for Dandenong VIC 3175
Other properties in this postcode
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