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196 Foster Street, East Dandenong VIC 3175

$795,000 - $870,000

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$795k - $835k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 651 Square metres

Listed: 2 days ago

Updated: 9 hours ago

Overview

Set within the vibrant and well-connected locale of East Dandenong, this property offers a rare blend of lifestyle convenience and development potential on a generous 651 square metre landholding. Its location within the General Residential Zone – Schedule 3 (GRZ3) opens up noteworthy possibilities for redevelopment or multi-unit projects, subject to council approval, making this an attractive prospect for developers and investors alike.

The existing weatherboard home currently provides versatile use opportunities: it can be leased for immediate rental income, renovated to enhance its appeal and value, or occupied while exploring future plans. This adaptability is a strong feature, allowing for both short-term utility and long-term vision.

Residents will benefit from close proximity to Dandenong’s key facilities including the bustling Plaza and Market, as well as local schools and the RSL, all offering community engagement and everyday convenience. Easy access to public transport nodes and major arterial roads further enhances connectivity to greater Melbourne, supporting commuting and lifestyle needs.

Substantial 651m² approx. land parcel in a sought-after zoning
Zoning that supports multi-unit development opportunities (STCA)
Existing home suitable for leasing, renovation, or occupation
Central location near retail, education, and transport hubs
Good parking provision with two spaces complementing the home

This property is well-positioned for those seeking a strategic foothold in a rapidly evolving area. It offers a practical entry point for home buyers who appreciate the location’s benefits, as well as developers and investors targeting growth and redevelopment potential. With future possibilities carefully balanced alongside current usability, this listing represents a sound opportunity to capitalize on East Dandenong’s demand and potential.

Local Market Insights

In East Dandenong, Quiet Listings observed 21 new houses entering the market over the last 30 days, down from 26 during the previous 30-day period, with an average advertised asking price of $865,619. The property type mix of listed properties is predominantly Houses at 35%, followed by units (25%), and commercial properties (15%). The most active agency for houses in the East Dandenong area is currently Ray White, representing 29% of new listings, followed by Family Realtors (Real Estate Agents) with 14%. 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.