5 Nioka St, Chadstone is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 609m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Sitting in anticipation of lifestyle perfection with a deep rectangular allotment connecting onto Batesford Reserve, a rare opportunity presents itself, with possibilities for restoration, transformation, and development benefiting from forward facing city views that will only become more dramatic with the addition of a second-storey.
The blue-print comprises a free-flowing sequence of spaces, linking a wraparound sunset terrace through an alcove entry with a formal lounge & dining domain before spilling out through the kitchen onto a second alfresco. Here, a garden path snakes along the property's east-end, connecting the front gardens with a three-room bungalow and adjacent bathroom/laundry.
Its contemporary composition includes a renovated kitchen & bathroom alongside numerous classical components that preserve the home's original charm.
Taking into account its substantial 609 sqm (approx) allotment, the clear level dimensions, and its north-south orientation, this is a significant landholding opportunity for those seeking to extend, improve, or pursue multi-unit development - underscored by a blue-ribbon quarter encompassing Gardiners Creek, Holmesglen TAFE & station, and leading local schools only moments from Chadstone SC, the M1 Freeway, and Oakleigh Mall.
The size of Chadstone is approximately 3.1 square kilometres. It has 7 parks covering nearly 9.6% of total area. The population of Chadstone in 2016 was 8641 people. By 2021 the population was 9552 showing a population growth of 10.5% in the area during that time. The predominant age group in Chadstone is 30-39 years. Households in Chadstone are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chadstone work in a professional occupation.In 2021, 57.80% of the homes in Chadstone were owner-occupied compared with 57.50% in 2016.
Chadstone has 5,120 properties. Over the last 5 years, Houses in Chadstone have seen a 10.47% increase in median value, while Units have seen a 15.61% increase. As at 28 February 2026:
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