2/107 Lower Dandenong RoadMentone VIC 3194
Property Details for 2/107 Lower Dandenong Rd, Mentone
2/107 Lower Dandenong Rd, Mentone is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 300m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Mentone in the last 12 months.
Last Listing description (February 2024)
Enter via Coolabah Street.
The opportunity of a lifetime exists right here at 107 Lower Dandenong Road - released to the market for the very first time, this 2-for-1 deal is arguably the most optimistic investment opportunity this side of the bay!
On offer to purchase either together or separately, is this delightful, 2-bedroom brick home on a 301sqm (approx) allotment, PLUS a separate 4-bedroom home on 533sqm (approx) - both standalone street-front properties with separate driveways, secure off-street parking and no shared land - facing peaceful Coolabah Street.
Beautifully established and looked after - picket fencing, a decent splash of lawn, established gardens and great undercover and paved entertaining. Quality carpets, ducted heating, reverse cycle air-con, loads of storage and a spacious, flexible floor plan.
Two double bedrooms with large robes, serviced by a neat central bathroom with a bath and a shower, a separate toilet and a large laundry.
Two spacious living & dining zones with full-height windows and a well-laid-out kitchen standing at the hub, with a wall oven, gas cooktop, dishwasher and an assortment of storage options. Flowing out to a raised alfresco under the roofline, stepping down into a courtyard garden.
Simply get yourself into a feature-rich standalone home with all the independence you desire - but consider taking the opportunity to outsmart the rising cost of living by supplementing your mortgage repayments with the healthy rental income of the 4-bedroom home next door!
OR, acquire a high-yielding, TWO-in-ONE portfolio addition with various possibilities to instantly achieve two healthy rental incomes simultaneously… and even better returns after a cost-effective cosmetic renovation!
A sought-after pocket next to a terrific strip of shops; minutes on foot to Acacia Ave Preschool, the revamped Southern Road Reserve & Racecourse Reserve. Thrift Park, Mentone shops, buses, train station and beach; and in the prized catchment for Mentone Park Primary, Mentone Girls' and Parkdale Secondary Colleges.
PLEASE NOTE:
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
* Photo ID required at all open for inspections
Property History for 2/107 Lower Dandenong Rd, Mentone, VIC 3194
- 24 Feb 2024Sold for $750,000
- 31 Jan 2024Listed for Sale Contact Agent
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0About Mentone 3194
The size of Mentone is approximately 4.5 square kilometres. It has 13 parks covering nearly 5.9% of total area. The population of Mentone in 2011 was 11,667 people. By 2016 the population was 12,973 showing a population growth of 11.2% in the area during that time. The predominant age group in Mentone is 40-49 years. Households in Mentone are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mentone work in a professional occupation. In 2011, 66.7% of the homes in Mentone were owner-occupied compared with 62.9% in 2016.
Mentone has 7,944 properties. Over the last 5 years, Houses in Mentone have seen a 25.33% increase in median value, while Units have seen a 11.73% increase. As at 31 October 2024:
- The median value for Houses in Mentone is $1,405,904 while the median value for Units is $660,859.
- Houses have a median rent of $700 while Units have a median rent of $515.
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