Overview
This unique property offers a substantial corner allotment of approximately 949 square metres in central Dandenong, presenting a rare development opportunity in a sought-after location. Its dual homes on a single title provide immediate rental income, generating around $41,600 annually, with potential for rental growth.
The site includes a 2-bedroom and a 3-bedroom home, each tenanted, appealing to investors or developers looking for a versatile asset. The property has potential for redevelopment into up to five townhouses (subject to council approval), catering to those interested in maximising investment or creating a bespoke living environment.
Strategically positioned just minutes from Dandenong’s commercial and community hub, this corner block provides easy access to shopping centres, markets, healthcare facilities, schools, and public transport. This accessibility significantly enhances the lifestyle and convenience for residents or tenants.
Whether retained for income or redeveloped, the generous allotment size offers ample scope for future planning. This property is well suited to developers, investors, or owner-occupiers seeking long-term growth potential in a tightly held area where sizeable corner blocks are increasingly scarce.
Overall, it combines immediate earning capacity with strategic future value, making it a compelling proposition in the regional market.
Local Market Insights
In Dandenong, Quiet Listings observed 19 new houses entering the market over the last 30 days, down from 29 during the previous 30-day period, with an average advertised asking price of $865,947. The property type mix of listed properties is predominantly Houses at 36%, followed by units (26%), and commercial properties (15%). The most active agency for houses in the Dandenong area is currently Ray White, representing 37% of new listings, followed by First National with 16%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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.