OFF MARKET

7 Wallace Avenue
Dandenong VIC 3175

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 307m2
Land area: 648m2
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Property Details for 7 Wallace Ave, Dandenong

7 Wallace Ave, Dandenong is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 648m2 and floor size of 307m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Year Built
1970
Floor Size
307m2
Land Size
648m2
Local Government
Greater Dandenong
Lot/Plan
20/LP34866

Last Listing description (November 2022)

A supreme opportunity awaits the astute investor at 7 Wallace Avenue! Located within the GRZ1 zoning in Dandenong, this home and it's massive 648m2 block will give the next owner a plethora of choices for the future.

Either set and forget with the current tenants or set about planning for your next development STCA. Should you choose the development path, know that while your due diligence is being done that a rental income of $1,480 per month is coming in.

Amongst its advantageous land size, this property also features 3 sizeable bedrooms, central bathroom, large kitchen and meals area as well as gated entry and all within walking distance to amenities such as:

Dandenong Plaza
Dandenong Train Station
Yarraman Train Station
Easy access to Eastlink
Multiple bus routes

Terms: 10% deposit. Balance 30/60/90 days

DISCLAIMER:
The measurements provided of the land and / or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property / land / or of each room, we advise you to conduct your own measurements and / or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.

Property History for 7 Wallace Ave, Dandenong, VIC 3175

A timeline of how this property has performed in the market
Last Sold
$690,000
27 Nov 2021
Listed for Rent
$340/w
04 Oct 2013
  • 27 Nov 2021
    Sold for $690,000
  • 04 Nov 2021
    Listed for Sale $610,000 - $671,000
  • 13 Aug 2013
    Listed for Rent $340 / week
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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 113 properties listed for sale, and 34 properties listed for rent in Dandenong on OnTheHouse. According to CoreLogic's data, 785 properties were sold in the past 12 months in Dandenong.

Suburb Insights for Dandenong 3175

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.