138 Brady Road, Dandenong North VIC 3175

3 beds | 528-531m² land | Dandenong North | long-held freehold | rare entry under $825k This property offers a rare combination of a full 500m²-plus land holding and a sub-$825k price point in Dandenong North, an area where most comparable houses on similar land now trade above $850k. The 3-bedroom, 1-bathroom configuration is functional for first-home buyers or investors seeking a solid rental yield, while the long ownership since 1994 suggests minimal deferred structural risk. The street’s 85% owner-occupancy rate signals stable neighbourhood demand, and the proximity to Wooranna Park Primary and Lyndale Secondary College adds family buyer appeal. For a buyer wanting land content without paying a premium for a renovated interior, this represents a strong entry position. The primary risk is the dated condition—no floor plans or building specs are available, implying the interior likely requires updating, which will add $50k-$100k to total cost. The single bathroom limits appeal to families and may reduce resale velocity. However, the land-to-price ratio is the key commercial logic: at roughly $1,400-$1,560 per square metre, this is below the suburb median for land of this size. The buyer should treat this as a land-hold first, with the house as a rental or staged renovation opportunity. Hold for land appreciation, not for immediate capital growth from the dwelling.