6 Gloria Avenue Dandenong North VIC 3175

Large family block | approved second dwelling | zoned for schools | near hospitals and freeways | rental demand stable This property presents a strong foundation for a family or investor, primarily due to its substantial 657m² lot with council-endorsed plans for a second dwelling, creating immediate development equity or dual-income potential. Its configuration is standard for the area, but the permitted plans are a distinct advantage, positioning it for buyers seeking future flexibility. The location is competitively strong, with direct zoning for established schools and proximity to major healthcare, retail, and transport corridors, which underpins both rental demand and long-term liveability. Proceed with the understanding that its value is firmly anchored in land potential rather than the existing home, which is typical for the stock. The primary cost is capital outlay for development to realise the site’s full value; holding it as a single dwelling offers a modest yield. For a family, it is a long-term hold with upgrade options. For an investor or developer, it is a strategic land bank with approved plans. Our tailored report validates the commercial logic by pressure-testing the build feasibility against current construction costs and local rental shifts, providing a clear hold or develop pathway. Recent sales at 24 Gloria Avenue, a near-identical house, achieved $690,000 last July and now rents for $550 per week. This directly supports the listed price guide and confirms the achievable rental income, indicating a stable market for this property type.