7 Abbott StreetDandenong VIC 3175
Property Details for 7 Abbott St, Dandenong
Last Listing description (October 2023)
POINT OF INTEREST:
Its no longer a secret that Dandenong is carving out a name for itself: Melbournes second-biggest CBD. This means that opportunities to secure land are few and far between, let alone significant plots for ambitious developments. This 2,627 sqm* vacant land offering is beyond the market standard, sitting within the useful mixed use zoning perimeters. For ambitious developers with a vision in mind, the future building here will have a vast 62 sqm* of frontage to Abott Street with exposure to Swords Street too, technically making this a corner site. Not a rural location by any means, 7 Abbott sits 700 m* from the main business district of Dandenong, 500 m* from the railway station, and is surrounded by local gyms, eateries, and recreation. The Dandenong Market is a ten-minute walk away, and bustling Lonsdale Street is even closer. For commutes by car, getting here from the CBD takes only half an hour on the M1, with the Eastlink 1.4 km* away too.
- 2,627 sqm* of total land area.
- Favourable Mixed-Use zoning.
-62 m* of frontage to Abbott Street.
- 500 m* to Dandenong Railway Station.
- 700 m* to Dandenongs CBD.
- 1.4 km* to Eastlink.
POINT OF VIEW:
They say its first in, best dressed. But when you let others lay the groundwork to create the infrastructure and buzz for Melbournes second CBD, theres actually a greater opportunity in being part of the second wave, best addressed.
*Approx.
Pricing excludes GST
Property History for 7 Abbott St, Dandenong, VIC 3175
- 15 Dec 2023Sold for $2,915,000
- 30 May 2023Listed for Sale Contact Agent
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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 17,966 properties. Over the last 5 years, Houses in Dandenong have seen a 26.84% increase in median value, while Units have seen a 17.96% increase. As at 31 August 2024:
- The median value for Houses in Dandenong is $745,135 while the median value for Units is $422,885.
- Houses have a median rent of $520 while Units have a median rent of $430.
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