1/116 Princes Highway Dandenong VIC 3175

2-bedroom flat | 1970 build | multi-unit complex | Dandenong location | no heritage overlays The property sits within a well-established complex on a substantial 2944m² lot, offering a configuration that appeals to entry-level buyers and investors seeking stable rental demand. Its 2-bedroom, 1-bathroom layout with a carport is a standard but functional floorplan, and the absence of bushfire, flood, or heritage overlays reduces regulatory risk. The location near Dandenong North Primary School and Dandenong High School supports family tenant interest, while reliable NBN and 5G coverage add modest convenience. For a buyer, the key competitive edge is the low entry price point in a suburb with consistent turnover, evidenced by 35% of building owners holding for 3–6 years, indicating a liquid market. The primary risk is the age of the building—1970 construction may require future maintenance or levy contributions, and the 2017 sale at $245,000 suggests limited capital growth over the past decade. The recent sale of unit 23/116 at $370,000 in January 2026 signals some upward momentum, but this may reflect unit-specific condition rather than a building-wide trend. The opportunity lies in purchasing below the $331,000 estimate to capture immediate equity, targeting a rental yield near 7.2% at $460 per week. Hold for steady cash flow rather than short-term appreciation, and budget for periodic building upgrades.