704/157 Lonsdale StreetDandenong VIC 3175
Property Details for 704/157 Lonsdale St, Dandenong
704/157 Lonsdale St, Dandenong is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (September 2023)
INVESTMENT ONLY - NO OWNER OCCUPIER
Perfectly located in Dandenong's center, this studio apartment is the perfect investment for first time or thoughtful investors in an emerging suburb with capital growth opportunity.
Located in one of Melbourne's fastest growing suburbs, this contemporary studio apartment is located right in the middle of Dandenong's bustling city hub. The busy shopping strip on Lonsdale Street makes this a strategic investment purchase and a perfect location for the tenant to operate their business.
This contemporary, fully furnished studio apartment designed by award winning Hayball Architects is light filled, clean and modern, requiring no renovation works within the lease.
For more information please send an enquiry below.
Featuring:
Galley kitchenette
Split system for heating and cooling
Large bedroom area with built in robes
Lease Details:
Lease Start: 2021
Lease End: 2024
Options: 4 Further Terms of 3 Years
Rent: $9,400.56 per annum
Increase: CPI
Gross Yield Estimate: 6.5 - 7%
Net Yield Estimate: 5% +
This is a completely secure complex with a swipe card needed to access the front entry door, lifts and car park. The complex also includes a communal gym area located on the ground floor and a great caf at the bottom of the building.
Property History for 704/157 Lonsdale St, Dandenong, VIC 3175
- 12 Sep 2023Sold for $130,000
- 05 Jul 2022Listed for Sale $140,000
- 10 Apr 2012Sold for $176,750
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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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