10/3 Market Street, Dandenong VIC 3175
10/3 Market Street, Dandenong VIC 3175
1-bed, 1-bath flat | 57m² compact plan | secure single garage | modern kitchen/bathroom | Dandenong High catchment
A compact 1-bedroom unit is offered within a small Market Street apartment complex in central Dandenong. Its 57m² floor plan is arranged with a modern kitchen and bathroom, an internal laundry, a built-in robe, and a secure single garage, which gives it a practical edge over many older apartments in the suburb. The location is placed close to the Dandenong activity centre, with government primary and secondary school catchments assigned, and the unit is best suited to first-home buyers or investors seeking a low-maintenance property with rental appeal. The modern finish set and secure parking are likely to be valued more by entry-level buyers than by family buyers requiring larger internal space, and the central position supports steady interest from tenants and owner-occupiers alike.
Value may be influenced by the lack of confirmed details around floor level, building age, and aspect, as these affect natural light and outlook. The compact 57m² size might limit appeal to those wanting more generous living areas, while the secure garage and modern condition could support a price premium over units without those features. Market demand for central Dandenong apartments may shift with interest-rate and rental-yield conditions, so the final result might depend on how the unit is presented and how it compares with other recent sales in the same complex.
Detailed Independent Property Report prepared by PropCred Analyst team for 10/3 Market Street, Dandenong VIC 3175
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Dandenong, 30km southeast of Melbourne, is the commercial and cultural hub of Greater Dandenong. Demand is led by trades workers aged 30–39, with units selling faster than houses. House prices sit around $756,000 after 6.5% annual growth, though estimates vary to $808,000 with a 2.3% quarterly rise; units median $445,000 with 5.9% growth. Houses sell in 35 days. Gross yields are 4.43% for houses and 5.3% for units. Future drivers include the Metro 3175 project, adding 1,100 residences plus cafes and restaurants, and the Drum Theatre redevelopment. Key constraints: household income runs 33.4% below Greater Melbourne and median house prices remain well under the metro median of $955,000, limiting upside.
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PropCred Estimated Value
Comparable Sales: 7/3 Market Street, similar unit, around $320,000 | Listed Price Band: $300,000–$400,000 | Value Indicator: secure garage, modern kitchen/bath, compact 57m² layout
Bedrooms
2
Bathroom
2
Parking
1
Land
1167m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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