116 Noble Street, Noble Park VIC 3174
116 Noble Street, Noble Park VIC 3174
Renovator’s development block | central Noble Park | 535m² flat land | versatile dual-occupancy potential
This property presents a rare combination of size and location in Noble Park. The 535m² flat block with 15.5-metre frontage is competitively strong for its ability to support either a rear dwelling or full redevelopment, giving a buyer significant optionality. The existing three-bedroom house, while dated, is immediately habitable and allows for staged renovation or holding income while plans progress. This configuration serves first home buyers seeking land upside, investors targeting subdivision potential, and developers wanting a straightforward dual-occupancy site in a walkable, amenity-rich pocket.
The primary risk is the need for Greater Dandenong Council approval for any second dwelling or demolition, which introduces timing and design uncertainty. Buyers should commission a pre-purchase planning check and structural inspection before committing. The lack of recent direct comparable sales on Noble Street means pricing relies on smaller unit benchmarks, so independent valuation is advised. Opportunity lies in the property’s central position near shops, parks, and transport, which supports strong rental demand and future resale value regardless of development path.
Detailed Independent Property Report prepared by PropCred Analyst team for 116 Noble Street, Noble Park VIC 3174
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
URL has been copied successfully!
Market Insight
Noble Park is an affordable, family-oriented suburb attracting first-home buyers and investors, driven by its sense of community and accessibility. Recent price growth has been solid, though the market shows signs of softening with increased days on market and a notable decline in sales volume. Future growth is underpinned by steady population increases, yet is constrained by household incomes that remain below the metropolitan average, indicating sensitivity to economic pressures.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
535m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!