37 & 37a Dorset Road, Croydon, Vic 3136

Over the last 5 years, Croydon's median value has been steadily climbing as new housing districts have taken shape around the former Croydon Golf Club. This prime 861sqms (approx.) on the service road provides vision for a park side future close to the wetlands, walking tracks, playgrounds and The Range Boulevard housing estate.

Like several new neighbouring town houses, there's scope to build 2 to 3 new dwellings (STCA) along the length of the deep block which currently houses a family home and a separate unit with its own kitchen and bathroom. With a good clean and a bit of a patch up, the existing homes could be leased out while you make plans to reinvigorate this generous lot just a few doors down from the park, close to children care centres, local takeaway, Croydon train station, Eastland and a choice of public and private schools including Manchester Primary, Yarra Valley Grammar and Billanook College.

The wide 18m+ frontage and potential for mountain views with double storey elevation (STCA) makes this highly desirable for a savvy investor keen to add much-needed housing supply to the leafy outer-east, especially in a suburb that has increased its median value from $722K in 2019 to $940K in 2024 (Source: REIV 2024 Q3).
 
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