5/116 Princes Hwy

Off Market

5/116 Princes Hwy

Dandenong VIC 3175

Apartment

Last sold for $290,000

Dinesh Raghu, last sold this property on 08 November 2026 after 67 days on market.

Overview

Affordable Entry or Ready-Made Investment in Central Dandenong

An excellent opportunity for first-home buyers or investors, this spacious two-bedroom apartment offers affordability, convenience and immediate rental income in a highly accessible Dandenong location. The property features two generous bedrooms with built-in robes, spacious living area, adjoining kitchen and dining, functional bathroom with laundry facilities plus a dedicated single car space on title. For investors, the property is currently returning $390 per week ($780 per fortnight), with the tenancy transitioning to a periodic/month-to-month agreement from 31 October 2026, providing ongoing income with future flexibility. Property & Investment Details 2 bedrooms with built-in robes Spacious living and dining area Bathroom with laundry facilities Single car space on title Current rent: $390 per week Periodic/month-to-month tenancy from 31 October 2026 Owners Corporation: $2,400 per annum for 2026 South East Water: latest account $176.05, issued 22 June 2026 Superbly positioned close to Dandenong Plaza, Dandenong Market, Dandenong High School, Dandenong Hospital, Dandenong Train Station, buses and local shopping, with convenient access to Princes Highway and major arterials. A smart and affordable entry into Dandenong or an investment with rental income already in place. We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties are advised to carry out their own investigations, and should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate.

Features

2 bedrooms

1 bathroom

1 carspace

1 open car space

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Dandenong over the last 12 months, the estimated median property value of 5/116 Princes Hwy is $370k.

Median value

$370k

Estimated value range

$226k - $645k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Dandenong. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5/116 Princes Hwy

2026

Sold

$290,000

08 Nov 2026 by Dinesh Raghu, of Hall & Partners First National - Dandenong

2025

Rented

Undisclosed

Leased on 16 Oct 2025 by Hall & Partners First National - Dandenong

2021

Rented

Undisclosed

Leased on 28 Sep 2021 by Hall & Partners First National - Dandenong

Happy sellers in Dandenong

82%

82% of sellers in Dandenong reported that their sale price either exceeded or met their price expectations.

Dandenong stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 105 reviews in Dandenong over the last 12 months.

Local market activity for 2 bedroom apartments in Dandenong

In the last 12 months, 106 two-bedroom apartments similar to 5/116 Princes Hwy, have been sold.

This represents a 30% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Dandenong for a free market appraisal.

Ming Wang

at Harcourts Dandenong

4.9

(345 reviews)

Get a free market appraisal

Burak Gul

at Fletchers Dandenong

(161 reviews)

Get a free market appraisal

Sam Hashemi

(36 reviews)

Get a free market appraisal

Jack Miltos

at Hockingstuart Dandenong

(88 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Dandenong

Ming Wang

Ming Wang is a recommended agent for Dandenong. They have 23 local sales and collected 52 local reviews across the last 12 months.

4.9 (345 reviews)
52 Reviews in Dandenong
23 Sales in Dandenong

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Burak Gul

Sellers who recommend Burak Gul have praised them for being clear communication, local expert, responsive, friendly, honest, easy to work with and reliable