230 Lower Dandenong Road, Mordialloc VIC 3195

single-storey 1960 house on 695m² | family-scaled land for Mordialloc | school-zoned for Parktone and Parkdale | rented yield near 3.15% signals investor interest This house offers a rare combination of generous land and single-level living for a bayside suburb where newer infill is often more compact. The 695m² parcel supports families seeking space, while the 1960 build provides a solid base for renovation or extension. Its zoning for Parktone Primary and Parkdale Secondary College strengthens appeal for owner-occupiers, and the current tenancy confirms rental demand. The property serves buyers who value land size and school access over a turnkey finish, making it a strong candidate for long-term family use or investment with upgrade potential. The reported land area conflict between 695m² and 542m² may affect site usability and valuation, so a title survey is recommended. At around 66 years old, the house may require structural or system updates beyond cosmetic finishes. The 3.15% gross yield suggests price has outpaced rent growth, which could limit immediate cash flow for investors. A buyer should weigh renovation costs against the land’s redevelopment potential, though no zoning changes are indicated.