FOR SALE
$890,000 - $979,000

19 Stud Road
Dandenong VIC 3175

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 0.0788ha
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Prime Main Road Location With Endless Opportunity with Approved Planning!

This prime parcel of residential land at 19 Stud Road, Dandenong, presents an exceptional opportunity for investors and developers in the heart of the Dandenong CBD. Spanning approximately 788 sqm, this generously sized block offers immense potential for various development projects, with its strategic location ensuring high visibility and accessibility.
Situated on Stud Road, one of Dandenong's key thoroughfares, the land is ideally suited for high-rise apartments, a medical center, or a kindergarten center (subject to council approval - STCA). The site offers flexibility for mixed-use retail and residential developments, catering to the growing demand for integrated living and commercial spaces in this vibrant, rapidly evolving area.
Planning and permits have already been granted for 4 townhouses, making this a turnkey opportunity for immediate development. Additionally, there is potential for real estate agencies, medical clinics, pharmacies, childcare facilities, car parking, and restaurants (all subject to council approval - STCA). The surrounding infrastructure, thriving local economy, and proximity to key amenities only add to its allure.
Located within easy reach of Dandenong Plaza, Dandenong Market, public transport, schools, and parks, the land's prime position ensures any future development will benefit from significant foot traffic and residential appeal. With endless potential and the possibility for substantial returns, this property represents a unique opportunity for the savvy investor or developer to capitalize on Dandenong's growth and urban expansion.
DISCLAIMER: All stated dimensions are approximate only. Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Prospective purchasers are requested to take such action as is necessary to satisfy themselves of any relevant matters.
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Property Details for 19 Stud Rd, Dandenong

Building Type
Land
Land Size
0.0788ha

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About Dandenong 3175

The size of Dandenong is approximately 11.3 square kilometres. It has 22 parks covering nearly 16.6% of total area. The population of Dandenong in 2011 was 24,919 people. By 2016 the population was 29,910 showing a population growth of 20.0% in the area during that time. The predominant age group in Dandenong is 20-29 years. Households in Dandenong are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Dandenong work in a trades occupation. In 2011, 42.8% of the homes in Dandenong were owner-occupied compared with 39.7% in 2016.

Dandenong has 18,073 properties. Over the last 5 years, Houses in Dandenong have seen a 27.24% increase in median value, while Units have seen a 18.43% increase. As at 31 October 2024:

  • The median value for Houses in Dandenong is $777,901 while the median value for Units is $427,559.
  • Houses have a median rent of $530 while Units have a median rent of $450.
There are currently 111 properties listed for sale, and 37 properties listed for rent in Dandenong on OnTheHouse. According to CoreLogic's data, 794 properties were sold in the past 12 months in Dandenong.

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