OFF MARKET

225 Palmerston Avenue
Dromana VIC 3936

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 123m2
Land area: 1014m2
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Last updated 11 Nov 2024
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Property Details for 225 Palmerston Ave, Dromana

225 Palmerston Ave, Dromana is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1968. The property has a land size of 1014m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in December 2014.

Building Type
House
Year Built
1968
Floor Size
123m2
Land Size
1014m2
Local Government
Mornington Peninsula
Lot/Plan
27/LP2577

Last Listing description (June 2017)

This family home is within walking distance of the beach, Dromana Primary School and shops. Comprises a huge combined lounge/ dining with gas heating and air conditioner, galley style kitchen with plenty of cupboard space and electric upright oven. 3 large bedrooms, renovated family bathroom plus large laundry. The double garage must be seen to be believed and is ideally suited for a tradesman or those requiring additional storage. PET FRIENDLY. PROPERTY IS OFFERED UNFURNISHED AND IS AVAILABLE MID TO LATE JUNE.
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Property History for 225 Palmerston Ave, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$412,000
20 Dec 2014
Listed for Rent
$400/w
19 May 2017
  • 16 May 2017
    Listed for Rent $400 / week
  • 03 Feb 2015
    Listed for Rent $380 / week
  • 20 Dec 2014
    Sold for $412,000
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About Dromana 3936

The size of Dromana is approximately 30.6 square kilometres. It has 19 parks covering nearly 7.2% of total area. The population of Dromana in 2011 was 5,125 people. By 2016 the population was 5,802 showing a population growth of 13.2% in the area during that time. The predominant age group in Dromana is 60-69 years. Households in Dromana are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dromana work in a trades occupation. In 2011, 68.2% of the homes in Dromana were owner-occupied compared with 67.9% in 2016.

Dromana has 5,886 properties. Over the last 5 years, Houses in Dromana have seen a 40.08% increase in median value, while Units have seen a 20.52% increase. As at 31 October 2024:

  • The median value for Houses in Dromana is $975,997 while the median value for Units is $770,258.
  • Houses have a median rent of $600 while Units have a median rent of $565.
There are currently 42 properties listed for sale, and 5 properties listed for rent in Dromana on OnTheHouse. According to CoreLogic's data, 168 properties were sold in the past 12 months in Dromana.

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