FOR SALE
$740,000 - $790,000

80 Railway Parade
Dandenong VIC 3175

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 828m2
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PRIME DEVELOPMENT OPPORTUNITY NOT TO BE MISSED!

Ray White Dandenong proudly presents this golden opportunity to any developer/builder looking to start a highly rewarding project in the heart of Dandenong. This unique development site sitting on a block of 828m2 offers plans, permits, and engineering drawings approved for 2 double storey dwelling and 1 single storey dwelling. Utilising the space available exceptionally well, this project ensures maximum return on investment. All the hard work has been done for one lucky buyer.
No matter which way you look at this project it's a winner, develop and lease or develop and sell, there is money to be made either way. This is a perfect project for a builder or savvy investor.
The following 3 properties offer:
• Lot 1 Double Storey - 3 bedrooms, 2 Iiving , 2 bathrooms, 3 toilets, single garage
• Lot 2 Double Storey - 2 bedrooms, study, 1 bathroom, 2 toilets, single garage
• Lot 2 Single Storey- 3 bedrooms, 2 bathrooms, 1 Living, 1 Carport
Potential Selling value once completed:
• Lot 1 Double Storey - Estimated value $690,000-$750,000.
• Lot 2 Double Storey- Estimated value $600,000-$650,000.
• Lot 2 Single Storey- Estimated value $680,000-$730,000.
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Property Details for 80 Railway Pde, Dandenong

Building Type
Land
Land Size
828m2

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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 17,927 properties. Over the last 5 years, Houses in Dandenong have seen a 28.07% increase in median value, while Units have seen a 16.16% increase. As at 30 September 2024:

  • The median value for Houses in Dandenong is $762,784 while the median value for Units is $423,972.
  • Houses have a median rent of $530 while Units have a median rent of $440.
There are currently 116 properties listed for sale, and 33 properties listed for rent in Dandenong on OnTheHouse. According to CoreLogic's data, 784 properties were sold in the past 12 months in Dandenong.

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Sam Hashemi
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Fatima Rezai
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Ray White Dandenong
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