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Sold on 18 May 2024 for $705,000

2/116B Carlton Road
Dandenong North VIC 3175

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 81m2
Land area: 629m2
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Property Details for 2/116b Carlton Rd, Dandenong North

2/116b Carlton Rd, Dandenong North is a 4 bedroom, 2 bathroom Unit and was built in 1980. The property has a land size of 629m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom Unit sold in Dandenong North in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
81m2
Land Size
629m2
Local Government
Greater Dandenong

Last Listing description (May 2024)

With a huge land size of 629sqm (approx.) in a sought after pocket of Dandenong North, this is ideal for astute investors or a large family wanting to live next to each other.

These 2x two-bedroom units are on a huge parcel of land with a wide frontage. Blessed with a convenient location and great rental returns, this property will be ideal for long term investment opportunity or a future redevelopment into townhouses (STCA). Currently rented out to long term tenants and fetching good rental returns!

Each dwelling contains two generously sized bedrooms with built-in robes (BIRs), a well-designed layout featuring a spacious living and kitchen area, a centrally located bathroom with a separate toilet, a private back yard, and a dedicated car space for each unit.

Put your own stamp and make further improvements on these well-maintained units to achieve a higher yield on rental returns in a location with easy access to local shops, Lyndale Secondary College, Woorana Park Primary School, parks, Waverley Gardens Shopping Centre and all major arterials such as Eastlink, the M1, Stud Road, Princes Hwy, Heatherton Road and much more!

This is a rare chance to secure a rewarding long-term investment, as well as securing a block with abundance in potential, so come along and see for yourself! No owners corporation fees to be paid!

**PHOTO ID REQUIRED AT INSPECTIONS**

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Property History for 2/116b Carlton Rd, Dandenong North, VIC 3175

A timeline of how this property has performed in the market
Last Sold
$705,000
18 May 2024
Listed for Rent
12 Jan 2022
  • 18 May 2024
    Sold for $705,000
  • 17 Apr 2024
    Listed for Sale $595,000 - $645,000
  • 06 Dec 2021
    Listed for Rent $290 / week
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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 9,221 properties. Over the last 5 years, Houses in Dandenong North have seen a 23.20% increase in median value, while Units have seen a 27.45% increase. As at 31 October 2024:

  • The median value for Houses in Dandenong North is $758,068 while the median value for Units is $542,110.
  • Houses have a median rent of $530 while Units have a median rent of $470.
There are currently 40 properties listed for sale, and 19 properties listed for rent in Dandenong north on OnTheHouse. According to CoreLogic's data, 296 properties were sold in the past 12 months in Dandenong north.

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