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About this property
A truly exceptional development opportunity in one of Melbourne's fastest-growing metropolitan centres, 42 Power Street, Dandenong offers an expansive allotment of approximately 2,322m² in the heart of the highly sought-after "Golden Mile" precinct. With the former dwellings now demolished, this substantial parcel of General Growth Zone (GGZ1) land presents a blank canvas for visionary developers, investors and land bankers. Whether you're considering a premium townhouse development, apartment project, retirement living, place of worship, commercial venture or a mixed-use concept (STCA), the possibilities are extensive. For those looking to maximise their investment, the neighbouring property at 44 Power Street is also available, providing the opportunity to secure a combined landholding of approximately 3,600m² and create a landmark development in one of the South East's most strategic growth locations. Key Features Approx. 2,322m² of prime General Growth Zone (GGZ1) land Cleared site with existing dwellings removed Outstanding development potential for townhouses, apartments or mixed-use projects (STCA) Potential commercial development opportunities (STCA) Ideal for developers, investors and land bankers seeking future growth Opportunity to purchase adjoining 44 Power Street and create a substantial 3,600m² combined site (approx.) Prestigious Golden Mile location in the heart of Central Dandenong Flexible zoning allowing a wide range of future development outcomes (STCA) Location Perfectly positioned in Central Dandenong, this premium landholding places future residents or businesses within walking distance of Dandenong CBD, Dandenong Market, Dandenong Plaza, St John's Regional College, cafés, restaurants, theatres and public transport. Enjoy seamless access to Dandenong Train Station, Princes Highway, EastLink and the Monash Freeway. As Dandenong continues its transformation into Melbourne's second city, significant government and private investmentincluding major civic, commercial and infrastructure projectscontinues to drive demand and enhance long-term growth prospects. This is a location that offers both immediate convenience and outstanding future potential. Large-scale development sites in locations of this calibre are becoming increasingly rare. Whether you're planning your next flagship project, seeking a strategic land-bank opportunity, or looking to combine both Power Street properties for maximum impact, 42 Power Street represents a remarkable opportunity to secure a premium piece of Central Dandenong's future. Disclaimer: Every effort has been made to ensure the accuracy of the information provided. Prospective purchasers are advised to carry out their own investigations. Photo ID is required at our open home inspections for all attendees! Photographs may incorporate virtual furniture staging. All structures depicted remain unaltered.
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Land Area
- 2322 m²
- Listed
- 2 weeks ago
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Neighbourhood
Living in Dandenong
This land in Dandenong, VIC 3175 sits within reach of public transport, local shops and nearby schools.
Schools near Dandenong
- Emerson Schoolcombined · U · CoEd
- Dandenong North Primary Schoolprimary · Prep-6 · CoEd
- Dandenong Primary Schoolprimary · Prep-6 · CoEd
- Dandenong South Primary Schoolprimary · Prep-6 · CoEd
- Dandenong West Primary Schoolprimary · Prep-6 · CoEd
- Wooranna Park Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Unnamed (bus) — 512 m away
- Emrah Food Mart — 807 m away
- Clow Street Reserve — 301 m away
- Betula Reserve — 460 m away
- Thomas P Carroll Reserve — 620 m away
Dandenong at a glance
Full suburb profile- Population
- 30,127
- Median age
- 33
- Household income
- $1,267/wk
- Median rent
- $319/wk
- Median mortgage
- $1,517/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Dandenong price trend
Median sold · House 3 bed
Compound growth +2.4% / yr over 4 yrs
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