1460 Heatherton Road, Dandenong VIC 3175

Generous 734sqm block | dual-occupancy potential | steady rental income | strong street-level demand The property’s primary advantage is its unusually deep, level 734sqm allotment on a main road, which offers a rare configuration edge for buyers seeking subdivision or a rear-townhouse development. The existing weatherboard home provides immediate rental cover at $1,920 per month, meaning an investor or developer can hold the site with positive cash flow while planning approvals progress. This suits buyers who want land-banking with income rather than vacant holding costs, particularly given the street’s recent sales show consistent annual growth above 4% and rental yields up to 5.6%. The main risk is the main-road location, which may limit future resale appeal for owner-occupiers and could affect subdivision consent conditions. Buyers should budget for council application fees and potential site surveys to confirm rear-access viability. The 2013 purchase price suggests a long-held property, so depreciation schedules may be limited. A practical strategy is to retain the front house as a rental, develop one townhouse at the rear, and either sell or hold both for yield.