5 Lexton Avenue, Dandenong, VIC, 3175 - House Sold on 25 08 2026

SoldAug 25, 2026

5 Lexton Avenue, Dandenong, VIC, 3175

$659,000

House

•

30+ days on the market

Sold: Aug 25, 2026

What's around 5 Lexton Avenue

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.**

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Seller reviews

about 1 month ago

Verified Review

Jack Miltos is your guy for professional and genuine client service - trusted real estate agent!

Jack managed my property well for over 10 years and I reached out to him to discuss sale of my property. He was good to talk to, bounce ideas off and eventually when I decided to sell, he was there in my corner, looking after my interests as he has been for over a decade. The sale was quick, and I am actually sad that I won't be dealing with him any longer. He listened to all my requirements and kept me informed all the way. So easy to deal with cos of the level of trust we had. I highly recommend him for your rental management and property sales. Just have a chat, you'll see what I mean!

Seller

about 1 month ago

Verified Review

Jack Miltos is a highly trusted real estate...

Jack Miltos is a highly trusted real estate agent. He has managed my property for over 10 years and never had an issue with it. Him and his team were always good at keeping on top of things. When it came time to sell my property, Jack was in constant communication, keeping me updated, listening to my concerns and requirements. He is a trusted advisor and genuinely looked out for my interest. I'm actually sad the sale was quick and that I won't be dealing much with him anymore. I highly recommend him and his team for their services. Thank you so much!

Mabel O

Seller