198 Lower Dandenong Road, Mordialloc, VIC 3195 | Property Value & History | OnTheHouse
FOR SALE

198 Lower Dandenong Road
Mordialloc VIC 3195

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 97m2
This property is currently on the market
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Property Details for 198 Lower Dandenong Rd, Mordialloc

Building Type
Commercial
Land Size
97m2
Local Government
Kingston
Lot/Plan
1/PS501623

Last Listing description (May 2025)

Motivated Vendor has said drop the price. We will look at all reasonable offers.

Price Drop!

Business owner will also sell the business.

Seize the opportunity to invest in this exceptional retail space located on a bustling main road, offering maximum exposure and visibility. This shop boasts approximately 97 sqm* of prime real estate, perfect for your business or as a lucrative investment.

Key Features:

- Excellent ROI: A fantastic return on investment with a reliable tenant and lease already in place.

- Strategic Location: Positioned on a main road, ensuring high foot traffic and accessibility.

- Room for Growth: With approximate measurements available, buyers are encouraged to verify details to ensure suitability.

Don't miss out on this prime investment opportunity! Now is the perfect time to buy commercial property.

For inspections and inquiries, contact Agent Matthew Kenny at 0413 743 876.

*Measurements are approximate and should be verified by the buyer.

Property Code: 973

Property History for 198 Lower Dandenong Rd, Mordialloc, VIC 3195

A timeline of how this property has performed in the market
Listed for Rent
$420/w
11 Aug 2022
  • 01 Apr 2025
    Listed for Sale Contact Agent
  • 08 Jul 2022
    Listed for Rent $420 / week
  • 24 May 2021
    Listed for Rent $410 / week
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Local Area Liveability Score

2.5

This Liveability Score is a rating "out of 10" and a guide to how well connected properties within a local area are to facilities such as public transport, healthcare services, shopping outlets, schools and parkland. The scores apply to the local area (or "mesh block") in which a property is located. The scores are largely comprised of 2 main elements:

  1. Walking time to a local facility
  2. Number of facilities within a 20-minute walk

The overall Liveability Score is made up of smaller sub-scores, as described below.

Sign up or Login to see liveability score in more detail
Walkability
10/10
Schools
10/10
Parklands
10/10
Health
10/10
Shopping
10/10
Public Transport
10/10

About Mordialloc 3195

The size of Mordialloc is approximately 4.4 square kilometres. It has 18 parks covering nearly 24.6% of total area. The population of Mordialloc in 2016 was 8166 people. By 2021 the population was 8886 showing a population growth of 8.8% in the area during that time. The predominant age group in Mordialloc is 40-49 years. Households in Mordialloc are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mordialloc work in a professional occupation.In 2021, 68.30% of the homes in Mordialloc were owner-occupied compared with 66.20% in 2016..

Mordialloc has 5,566 properties. Over the last 5 years, Houses in Mordialloc have seen a 17.70% increase in median value, while Units have seen a 15.20% increase. As at 31 May 2025:

  • The median value for Houses in Mordialloc is $1,383,146 while the median value for Units is $737,449.
  • Houses have a median rent of $710 while Units have a median rent of $550.
There are currently 17 properties listed for sale, and 13 properties listed for rent in Mordialloc on OnTheHouse. According to CoreLogic's data, 214 properties were sold in the past 12 months in Mordialloc.

What's around 198 Lower Dandenong Rd, Mordialloc

198 Lower Dandenong Rd, Mordialloc is in the school catchment zone for Parkdale Secondary College and Parktone Primary School.

Nearby Schools
Comparable Properties
Parkdale Secondary College
0.51km
Mordialloc 3195
IN CATCHMENTSecondaryGovernment7 - 12Combined1638 Enrolled
Parktone Primary School
0.64km
Parkdale 3195
IN CATCHMENTPrimaryGovernmentP - 6Combined553 Enrolled
Mentone Park Primary School
1.18km
Mentone 3194
PrimaryGovernmentP - 6Combined287 Enrolled
Parkdale Primary School
1.32km
Address not found
PrimaryGovernmentP - 6Combined665 Enrolled
Mentone Primary School
2.34km
Mentone 3194
PrimaryGovernmentP - 6Combined445 Enrolled
Mordialloc Beach Primary School
2.34km
Mordialloc 3195
PrimaryGovernmentP - 6Combined183 Enrolled
Mentone Grammar School
2.34km
Mentone 3194
CombinedNon-GovernmentP - 12Combined1435 Enrolled
St Bede's College
2.41km
Mentone 3194
SecondaryNon-Government7 - 12Combined1524 Enrolled
Kilbreda College
2.54km
Mentone 3194
SecondaryNon-Government7 - 12Combined970 Enrolled
Kingswood Primary School
2.58km
Dingley Village 3172
PrimaryGovernmentP - 6Combined587 Enrolled

Suburb Insights for Mordialloc 3195

Market Insights
Mordialloc Trends for Houses
Median Value

$1.38M

0.73%
View Trend
Median Growth

-1.80%

View Trend
Median Rent

$710/W

1.43%
View Trend
Rental Yield

3.11%

9.89%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year (06/24 - 05/25)
Mordialloc Trends for Units
Median Value

$737k

3.07%
View Trend
Median Growth

5.34%

View Trend
Median Rent

$550/W

1.85%
View Trend
Rental Yield

4.25%

5.46%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year (06/24 - 05/25)
Neighbourhood Insights
Age

Population 8,886

0-9

 

11%

10-19

 

13%

20-29

 

10%

30-39

 

14%

40-49

 

16%

50-59

 

14%

60-69

 

10%

70-79

 

6%

80-89

 

3%

90-99

 

1%

Household Structure
Occupancy
CoreLogic Copyright and Legal Disclaimers about Property Data
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all liability for any loss or damage arising in connection with the data and information contained in this publication.
Victoria data
The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
Valuations and Estimates
This estimate is provided by CoreLogic, and is based on statistical market data such as recent local sales, property size, number of bedrooms and many more factors. It comes from public data, which may be incomplete or inaccurate, and should not be used in lieu of a professional appraisal under any circumstances, including for lending purposes or in home loan applications.
School data and Content
Product Data licenced by CoreLogic under a Creative Commons Attribution licence. For details regarding licence, data source, copyright and disclaimers, see https://www.corelogic.com.au/legals/third-party-restrictions
ABS data
This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode
Liveability information
The Liveability Score is a rating (out of 10) provided by Propella.ai Pty Ltd as a guide about how "well-connected" properties are in certain local areas. The Liveability Score is based on statistical data about a local area in which a property is located including the distance to and number of available facilities and services (including schools, parklands, health services, shopping and public transport) (Liveability Data). The Liveability Data and Liveability Score has not been verified or confirmed by CoreLogic, is not available for all properties, and is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. Given the relative nature of the Liveability Score, propella.ai anticipate that scores for individual properties will change over time.