205 Gladstone Rd, Dandenong North is a 7 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 2077m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 7 bedroom House sold in Dandenong North in the last 12 months.
Measuring approximately 2077 sqm, this property presents attractive prospects for developers and/or investors seeking a substantial and expansive property to reap the rewards of their endeavors.
This magnificent corner allotment offers a unique opportunity to build multiple townhouses and explore potential uses such as childcare or aged care facilities (STCA). It is positioned with three street frontages and is located in one of the fastest-growing suburbs in Melbourne, just opposite Lyndale Secondary College.
Additionally, it is situated 900 meters away from Wooranna Park Primary School and Lois Twohig Reserve, 1.2 km from Emerson School, 2 km from Dandenong Hospital, 1.7 km from Woolworths Dandenong Junction, 3 km from Dandenong Market & Central, 1.2 km from the M3 Eastlink Freeway, 1.2 km from the M1 Monash Freeway, and 2 km from Dandenong Stadium & Melbourne Water Recreation Area.
This is a rare opportunity to acquire a fantastic block of land situated in such a prime spot in this booming market, with three street frontages.
The properties as follows:
205 Gladstone Road: Vacant land.
2 Carlton Road: A 4-bedroom house currently occupied by a month-to-month tenant paying $1730 per month.
4 Carlton Road: A 3-bedroom house currently occupied by a month-to-month tenant paying $1500 per month.
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 9,228 properties. Over the last 5 years, Houses in Dandenong North have seen a 29.85% increase in median value, while Units have seen a 23.90% increase. As at 31 July 2024:
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