5/38 KING STREET, Dandenong, VIC 3175

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Sold for $297,000 (Feb 28, 2020)


This apartment is under long term investment by the Australian Government as National Rental Affordability Scheme.

The NRAS tax-free government rebate which is approximately $10,000 per annum with CPI annual increase over the remaining years in the Scheme.

So conveniently located in the central of Dandenong, within short distance to Dandenong Market and Dandenong Plaza, Chisholm Institute, Dandenong Medical Centre, Dandenong Primary and High School, shops, public transport and much more, this stylish apartment is greatly for investment with the building size 72.55sqm, 89 sqm land approx.


-2 good-sized bedrooms with BIRs and panel heater,

- Beautiful open plan kitchen/living area with stainless steel appliances,

- split system air conditioner

- spacious lounge room with sliding door access to balcony,

- Central bathroom and separate laundry

- floorboard throughout and tiles in wet areas

- secured underground car parking with lift.

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Property Info:
  • Property ID: L572102
  • Property Type: Unit
  • Garages: 1
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R&H Suburb Profile: Dandenong

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Number of sales 151
Average Price $633,727
Median Price $635,000
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Average Price $412,755
Median Price $413,000
Median Rental Price $320 p.w.
Change in Rental Rate (5yr) 8 %
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