2/188 Gladstone Road, Dandenong North VIC 3175
2/188 Gladstone Road, Dandenong North VIC 3175
2-bed villa unit | private lock-up garage | low-maintenance garden | transport-linked pocket | school zone varies by address
This unit is positioned as a compact villa with private frontage, offering a low-maintenance footprint in a transport-rich suburban corridor. The 1990-era construction is regarded as solid and well suited to owner-occupiers seeking single-level living, while the separate laundry, separate toilet, and well-appointed kitchen are valued for everyday practicality. Strong rental appeal is supported by the location near hospitals, retail, and major roads, making this property an excellent fit for investors and downsizers alike. The single lock-up garage and low-maintenance gardens are appreciated as genuine conveniences, distinguishing it from denser apartment stock and delivering function without excessive upkeep.
Value may be influenced by the exact siting within the corridor, with potential traffic exposure from main-road proximity. The property’s condition and presentation might differ from recent comparable sales, and land entitlement or shared driveway arrangements could affect owner control. School catchment boundaries are likely to vary by precise address, so buyer confirmation is advised. These factors might be weighed against the property’s strong rental demand and private setting.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/188 Gladstone Road, Dandenong North VIC 3175
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Dandenong North–a mid-priced entry point in Melbourne’s south-east–has a median house price of $789,000 with annual growth of 5.13% (Barry Plant), while units sit at $585,000 (2.17%). Houses sell in 26 days (Your Investment Property Magazine), this indicates firm demand. Rental yields for houses range from 3.79% to 4.18%, and units yield 4.70% (Your Investment Property Magazine). Investors and owner-occupiers drive the market, attracted by affordable stock and solid returns, with 264 houses sold over the past year. Future growth leans on the 1100-residence Metro 3175 development and the $290 million Revitalising Central Dandenong initiative, which should support pricing despite the absence of published vacancy or supply metrics.
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PropCred Estimated Value
Comparable Sales: 2/288 Gladstone Road sold for $595,000 in Oct 2025 | Property Price Band: $500K-$600K | Value Drivers: condition, private drive and garage, kitchen appointments
Bedrooms
2
Bathroom
1
Parking
1
Land
238m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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