1/24 Purdy Avenue, Dandenong VIC 3175
1/24 Purdy Avenue, Dandenong VIC 3175
Spacious unit on a large block | rare 359sqm land in Dandenong | suited to families or investors | quiet street with amenity access
The primary buying case for this three-bedroom unit is the land component. At 359sqm on a single title in a multi-unit complex, the site offers a configuration rarely available at this price point in Dandenong. For a buyer, that land represents optionality , future subdivision potential or simply holding a larger footprint in a suburb with solid demand from families and first-home buyers. The floor area of 90sqm is functional for a three-bedroom layout, and the single bathroom is adequate for the target demographic. Proximity to schools, parks, and local amenities reinforces its appeal as a long-term hold or a low-maintenance rental.
The key risk is the building age and condition, which are unspecified and could introduce immediate capital outlay for a buyer. The single bathroom limits appeal to some owner-occupiers, and the unit’s position within a complex may constrain capital growth compared to a standalone house. However, the land size mitigates this , the property’s value is in the dirt, not the dwelling. For an investor, the strategy is to hold for land appreciation and re-evaluate subdivision potential in five to seven years. For an owner-occupier, it offers a rare chance to secure a larger block in a convenient suburb without paying a house premium.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1/24 Purdy Avenue, Dandenong VIC 3175
Market Insight:
Dandenong is a major commercial hub undergoing significant urban renewal, positioning it as a more affordable entry point to Melbourne’s southeast. Demand is being driven by buyers seeking value and new lifestyle amenities, with strong sales activity particularly for units. The market shows solid recent price growth, supported by robust transaction volumes. Future growth is underpinned by major residential and cultural redevelopments in the central precinct, though relative household income levels present a key affordability consideration.