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Back 5 Lexton Avenue
Off Market

5 Lexton Avenue

Dandenong VIC 3175

3
1
House
Last sold for $659,000
Jack MiltosJack Miltos, last sold this property on 24 August 2026 after 59 days on market.

Overview

Endless Potential on 687sqm – First Home, Investment or Development Opportunity (STCA)

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.**

Features

3 bedrooms
1 bathroom
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Dandenong over the last 12 months, the estimated median property value of 5 Lexton Avenue is $767k.

Median value
$767k
Estimated value range
$555k - $1.11m
Median days on market
31
Estimated value trend
6%
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 Lexton Avenue

2026
Sold
$659,000
24 Aug 2026 by Jack Miltos, of Hockingstuart Dandenong
2024
Rented
Undisclosed
Leased on 12 Mar 2024 by Hockingstuart 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 112 reviews in Dandenong over the last 12 months.

Local market activity for 3 bedroom houses in Dandenong

In the last 12 months, 87 three-bedroom houses similar to 5 Lexton Avenue, have been sold.

This represents a 8% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

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

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Ming Wang

Ming Wang is a recommended agent for Dandenong.  They have 29 local sales and collected 52 local reviews across the last 12 months.

  •   4.9   (343 reviews)
  •  52 Reviews in Dandenong
  •  29 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, reliable and supportive

  •   5   (157 reviews)
  •  28 Reviews in Dandenong
  •  19 Sales in Dandenong
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Sam Hashemi

Sam Hashemi is a recommended agent for Dandenong.  They have 6 local sales and collected 8 local reviews across the last 12 months.

  •   5   (29 reviews)
  •  8 Reviews in Dandenong
  •  6 Sales in Dandenong
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Tim Stickley

Sellers who recommend Tim Stickley have praised them for being clear communication, local expert, honest, supportive, reliable, responsive and great negotiation

  •   4.8   (302 reviews)
  •  4 Reviews in Dandenong
  •  16 Sales in Dandenong
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