FOR SALE
$3,900,000 - $4,300,000

255-257 Craigie Road
Mount Martha VIC 3934

Bedrooms: 7
Bathrooms: 3
Car spaces: 10
Land area: 5ac
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5 Acres With 2 Homes In Mt Martha Development Belt

A rare convergence of country life and suburban convenience, or a developer’s dream within one of the Mornington Peninsula’s much loved seaside towns, this 5 acre (approx.) property offers the ultimate chance to enjoy the best of both worlds or an opening for a developer to subdivide (STCA) in this semi-rural hot spot.
On the fringe of Mt Martha’s residential area, alongside prestigious small acreages, the property with Low Density Residential zoning presents potential for a 3-lot subdivision (STCA) and the possibility to rezone to Greater Residential Zone 1 (STCA) just moments from Mt Martha beaches, The Briars, village shops, Bentons Square shops and schools.
Released for the first time in more than 70 years, on offer are two homes on the site along with extensive garaging and shedding, four paddocks, a fruit orchard with apples, pears, apricots, peaches, nectarines and a small botanical garden beside the homes featuring majestic golden elms.
Once part of a dairy farm that graced 40 acres of land off Craigie Rd, the property also includes the original concreted milking sheds as well as a large chicken enclosure and pens, while a paddock laneway and a widened entry off Craigie Rd will appeal to those with horses and live stock.
Providing high appeal constructed of sand block, the main residence boasts three living areas including a home theatre and a billiards room, a large kitchen with a full suite of quality Kleenmaid appliances, while sliding doors allow a lovely flow out to a sunny north west-facing alfresco terrace. A luxurious main bedroom has a spa ensuite and walk-in robe, the children’s wing is serviced by a family bathroom, while the double remote-controlled garage has direct access into the home.
Once the original home on the farm, a 1950s timber home also on the property is in need of some repairs, featuring generously proportioned rooms, large lounge, sunroom, bathroom with corner spa, hardwood floors beneath carpet and an outdoor jacuzzi.
On a development belt moments from freeway access providing an easy trip into the city, this is a prime buying opportunity.
Homes and Acreage is proud to be offering this property for sale – To arrange an inspection or for further information, please contact the office on 1300 077 557 or office@homesacreage.com.au
Features:
• 5 acre property with 2 homes
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Property Details for 255-257 Craigie Rd, Mount Martha

255-257 Craigie Rd, Mount Martha is a 7 bedroom, 3 bathroom AcreageSemi-rural with 10 parking spaces. The property has a land size of 5ac. The place is currently for sale with Homes and Acreage.

Building Type
AcreageSemi-rural
Land Size
5ac

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About Mount Martha 3934

The size of Mount Martha is approximately 30.3 square kilometres. It has 43 parks covering nearly 11.5% of total area. The population of Mount Martha in 2011 was 17,087 people. By 2016 the population was 18,552 showing a population growth of 8.6% in the area during that time. The predominant age group in Mount Martha is 40-49 years. Households in Mount Martha are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Martha work in a professional occupation. In 2011, 83.3% of the homes in Mount Martha were owner-occupied compared with 82.4% in 2016.

Mount Martha has 9,599 properties. Over the last 5 years, Houses in Mount Martha have seen a 38.26% increase in median value, while Units have seen a 23.18% increase. As at 31 October 2024:

  • The median value for Houses in Mount Martha is $1,393,145 while the median value for Units is $768,538.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 64 properties listed for sale, and no properties listed for rent in Mount martha on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in Mount martha.

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