SOLD
Sold on 08 Jul 2024 for $860,000

20 Olive Street
Dandenong VIC 3175

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Floor area: 120m2
Land area: 851m2
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Property Details for 20 Olive St, Dandenong

Building Type
Land
Year Built
1950
Floor Size
120m2
Land Size
851m2
Local Government
Greater Dandenong
Lot/Plan
51/LP9810

Last Listing description (October 2024)

An unbeatable location with high walkability and a large allotment of land make this address a developer's delight, presenting blank canvas appeal limited only by your imagination. The existing three-bedroom residence with generous dimensions serves as the skeleton structure, ready to be transformed to suit your specific needs.

Set on a flat rectangular bock of land at a whopping 851sqm (approx.), and located in a Residential Growth Zone, this is prime real estate ready to bring forth the many possibilities that will provide great return for your sound investment. Restore, redesign, redevelop or knock it down to build your own fantastic home or as many as 5 to 6 townhouses (STCA). The choice is yours!

Ideally positioned to enjoy the proximity to the exotic sights, smells, fresh produce, clothing and foods of the Dandenong Market, parks, shops, cafes, restaurants, Dandenong Plaza, Dandenong Hospital, Melbourne Water Recreation Area, public transport and more.

A golden opportunity for an investor or developer to capitalise on an enormous block of land in a bustling cosmopolitan hub of South Eastern Melbourne.

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Property History for 20 Olive St, Dandenong, VIC 3175

A timeline of how this property has performed in the market
Last Sold
$860,000
08 Jul 2024
Listed for Rent
$350/w
19 Apr 2018
  • 08 Jul 2024
    Sold for $860,000
  • 10 May 2024
    Listed for Sale $850,000 - $935,000
  • 01 Mar 2018
    Listed for Rent - Price not available
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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 18,137 properties. Over the last 5 years, Houses in Dandenong have seen a 21.39% increase in median value, while Units have seen a 18.05% increase. As at 30 November 2024:

  • The median value for Houses in Dandenong is $770,448 while the median value for Units is $433,110.
  • Houses have a median rent of $530 while Units have a median rent of $450.
There are currently 87 properties listed for sale, and 30 properties listed for rent in Dandenong on OnTheHouse. According to CoreLogic's data, 826 properties were sold in the past 12 months in Dandenong.

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