FOR SALE
From $250,000

115 Gladstone Road
Dandenong North VIC 3175

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
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Buy 1, 2 or Whole 3 - (115 Gladstone Road and 1A & 1B Chifley Cr, Dandenong North)

Attention builders, developers, and investors, seize this incredible opportunity! Forget waiting for approvals; this property comes with approved plans and permits for 1 x 2-bedroom and 1 x 3-bedroom double-story townhouses at the rear. Existing property currently tenanted with a reliable long-term tenant eager to stay, you'll enjoy a steady rental income of $1,868.00 pcm while you build 2 townhouses.
What sets this property apart? It's a corner block, ensuring each unit has its own frontage, eliminating the need for Owners Corporation fees-a rare find indeed.
Strategically located near Lyndale Primary and Secondary Colleges, just a short drive from Dandenong Plaza and Waverley Garden Shopping Centre, and conveniently close to the freeway, this property offers unparalleled convenience.
The possibilities are endless:
• Keep renting the existing 3-bedroom property while building at the rear.
• Sell the existing property to fund the construction of two townhouses.
• Build two townhouses side by side for rental income or sale.
• Occupy one townhouse and sell the existing property and the other townhouse.
The choice is yours, and the potential is limitless.
The existing property boasts a spacious formal lounge, three generous bedrooms, a well-appointed bathroom, separate toilet, formal meals area, and a kitchen equipped with a gas stove-all bathed in abundant natural light.
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Property Details for 115 Gladstone Rd, Dandenong North

115 Gladstone Rd, Dandenong North is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with Just Realty International.

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About Dandenong North 3175

The size of Dandenong North is approximately 9.6 square kilometres. It has 27 parks covering nearly 19.3% of total area. The population of Dandenong North in 2011 was 21,910 people. By 2016 the population was 22,463 showing a population growth of 2.5% in the area during that time. The predominant age group in Dandenong North is 30-39 years. Households in Dandenong North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dandenong North work in a trades occupation. In 2011, 70.5% of the homes in Dandenong North were owner-occupied compared with 68.6% in 2016.

Dandenong North has 9,223 properties.

    There are currently 28 properties listed for sale, and 7 properties listed for rent in Dandenong north on OnTheHouse. According to CoreLogic's data, 305 properties were sold in the past 12 months in Dandenong north.

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