76 Herbert Street, Dandenong VIC 3175

2-bed house on 804m² | redevelopment potential flagged | older finishes, large land | Dandenong infill site The competitive strength here is the land-to-improvement ratio. An 804m² parcel in Dandenong with existing two-bedroom housing is uncommon for the area, and the agent’s commentary around multi-dwelling potential suggests the site dimensions may support subdivision or townhouse development, subject to council approval. This property sits most comfortably with buyers who prioritise land value over immediate dwelling condition — developers, land-bankers, or renovators who see the existing house as a holding structure while they pursue a longer-term yield or subdivision outcome. The large site and older-home character position it as a land-driven opportunity rather than a finished family home, which narrows the buyer pool but deepens the interest from those who understand infill economics. What may materially affect the property’s value is the uncertainty around the dwelling’s condition and the feasibility of the redevelopment claim. Without verified zoning, easements, or title restrictions, the multi-dwelling potential remains conditional on planning approval, which could reduce the price a developer is willing to pay. The two-bedroom configuration also limits owner-occupier appeal relative to the site size, meaning the property may trade closer to its land value than a premium per-square-metre rate. Buyers should weigh the cost of holding or improving the existing house against the likelihood of achieving the subdivision outcome described, and factor in a due-diligence contingency for council feedback and site survey results.