59 Clow StreetDandenong VIC 3175
Property Details for 59 Clow St, Dandenong
59 Clow St, Dandenong is a 15 bedroom, 13 bathroom House with 13 parking spaces and was built in 1970. The property has a land size of 2041m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 15 bedroom House sold in Dandenong in the last 12 months.
Last Listing description (October 2025)
2127sqm Block with 2 two bedroom units and 11 One-Bedroom Units + Development Potential
Property Highlights:
2041sqm block on one title
Private car parking for all units
Impressive rental income of approx. $200,000 per year
Zoned for potential large-scale apartment development (STCA)
This is a rare opportunity to secure a high-yielding investment property with strong rental returns, offering immediate cash flow and significant development potential. Situated on a substantial 2041sqm parcel, the property features 13 individual one-bedroom units, each complete with its own parking space, making it a desirable option for tenants and investors alike.
The property currently generates an annual rental income of approximately $200,000, thanks to existing long-term tenants. However, based on today's rental market, the potential rental income is estimated to be around $300,000 per year. This asset offers a stable return, with an approximate gross return on investment of 6.5% (potentially), but its true value lies in the potential to develop a large apartment complex (Subject to Council Approval).
Perfect for astute developers or investors looking for a property that combines current income with future growth potential.
Don't miss this exceptional opportunity!
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Property History for 59 Clow St, Dandenong, VIC 3175
- 28 Jul 2025Sold for $3,700,000
- 09 Sep 2024Listed for Sale $3,699,000 - $3,999,000
- 27 Aug 2020Listed for Rent $265 / week
Recent sales nearby
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About Dandenong 3175
The size of Dandenong is approximately 11.3 square kilometres. It has 22 parks covering nearly 16.6% of total area. The population of Dandenong in 2016 was 29906 people. By 2021 the population was 30127 showing a population growth of 0.7% in the area during that time. The predominant age group in Dandenong is 30-39 years. Households in Dandenong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dandenong work in a trades occupation.In 2021, 43.10% of the homes in Dandenong were owner-occupied compared with 39.70% in 2016.
Dandenong has 18,436 properties. Over the last 5 years, Houses in Dandenong have seen a 24.78% increase in median value, while Units have seen a 26.18% increase. As at 30 November 2025:
- The median value for Houses in Dandenong is $802,490 while the median value for Units is $474,527.
- Houses have a median rent of $523 while Units have a median rent of $460.
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