For Sale

5 Lexton Avenue, Dandenong, Vic 3175-Image

5 Lexton Avenue, Dandenong, Vic 3175

$660,000 - $726,000

House

Type

Bedrooms

Bathrooms

Published on Friday, June 26, 2026 ( See property details for 5 Lexton Avenue, Dandenong, Vic 3175)

$660,000 - $726,000

View the agent price guide.

Jack Miltos - Real Estate Agent - hockingstuart - Dandenong

Jack Miltos Director/Auctioneer

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Linda Hendrie Real Estate Agent

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile family home on a large 687sqm block in Dandenong, offering immediate rental income and exciting development potential in a prime location.

🏡 Property Highlights

Substantial 687sqm allotment with development potential
Currently tenanted at $1,977 per month providing immediate income
Versatile zoning (GRZ1) suitable for dual occupancy or multi-dwelling development (STCA)
Prime location close to Dandenong Station and shopping precincts
Well-connected with easy access to Princes Highway and EastLink
Existing comfortable family home with 3 bedrooms and spacious living areas

✨ Key Features

Garage
Air Conditioning
Open-Plan Living
Built-in Robes
Outdoor Area
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)

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5 Lexton Avenue

Dandenong, VIC 3175

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Suburb and Property Insights of Dandenong, VIC 3175

Dandenong is a vibrant suburb renowned for its diverse community, excellent transport links, and growing infrastructure. It offers a mix of established homes and new developments, making it ideal for investors and families alike. The area boasts proximity to major shopping centres, schools, and public transport, ensuring convenience and lifestyle appeal. With ongoing growth and development, Dandenong presents a promising opportunity for future capital appreciation.

Frequently Asked Questions

What are the development possibilities for this property?

The property is zoned GRZ1, allowing for potential dual occupancy or multi-dwelling development subject to council approval (STCA).

Is the property currently tenanted?

Yes, the property is currently leased at $1,977 per calendar month, providing immediate rental income.

What are the key features of the existing home?

The home includes three bedrooms, a central bathroom, a spacious lounge, a kitchen with adjoining meals area, gas cooking appliances, and split system heating and cooling.

How accessible is the location?

The property is minutes from Dandenong Station, close to shopping centres, cafes, schools, and has easy access to major highways like Princes Highway and EastLink.

What future development opportunities does the large backyard offer?

The expansive backyard provides ample space for future extensions, landscaping, or additional structures, enhancing the property's value and functionality.

What to ask about this property to agent?

Are there any planning or zoning restrictions that could affect future development plans? Are there any existing easements, covenants, or encumbrances on the property? Has the property been inspected for structural issues or pests? Are there any upcoming council or community developments in the area that could impact the property? What are the potential costs involved in obtaining development approvals? Is there any history of flooding or bushfire risk in this area? Are there any strata or body corporate fees applicable if subdivided or developed? Are there any restrictions on property modifications or extensions? What are the long-term plans for infrastructure or public transport improvements nearby? Are there any known issues with the existing infrastructure or utilities?

5 Lexton Avenue, Dandenong, Vic 3175 - More Details

$660,000 - $726,000

Hockingstuart Dandenong proudly presents an exceptional opportunity to secure a substantial 687sqm (approx.) allotment in one of Dandenong's most convenient and well-connected locations.

Whether you're a first home buyer, investor, developer or land banker, this versatile property offers immediate rental income together with exciting future development potential. Zoned General Residential Zone – Schedule 1 (GRZ1), the property provides scope for a dual occupancy or multi-dwelling development (STCA).

Currently tenanted at $1,977 per calendar month**, the property generates an immediate return while future plans are considered.

The existing home comprises three bedrooms, a central bathroom, spacious lounge and a functional kitchen with adjoining meals area featuring gas cooking. A split system heating and cooling unit provides year-round comfort, while the expansive backyard offers plenty of space and future possibilities.

Property Features:

* Approx. 687sqm allotment
* General Residential Zone – Schedule 1 (GRZ1)
* Potential dual occupancy or redevelopment opportunity (STCA)
* Currently leased at $1,977 per calendar month
* Three bedrooms
* Central bathroom
* Spacious lounge room
* Kitchen with adjoining meals area
* Gas cooking appliances
* Split system heating and cooling
* Large backyard with future development potential

Location Highlights:

* Minutes to Dandenong Station
* Close to Dandenong Square shopping centre
* Near Dandenong Market and local cafes
* Easy access to Princes Highway and EastLink
* Close to schools, childcare and public transport
* Convenient access to Melbourne CBD and surrounding suburbs

Invest, Develop or Move In Later

Large landholdings with development potential are becoming increasingly difficult to find in Dandenong. With strong demand for quality housing and continued growth throughout Melbourne's south-east, this property represents an outstanding opportunity to secure a sizeable parcel of land with immediate rental income and future upside.

Whether you're looking for your first investment, a future development project or a land banking opportunity, 5 Lexton Avenue offers the flexibility and potential to suit a range of buyers.

**Inspect today and explore the possibilities.**

Type: House
Bedrooms: 3
Bathrooms: 1

Price guide

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5 Lexton Avenue, Dandenong, Vic 3175

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