SOLD
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Sold on 06 Jul 2024 for $690,000

27 Monaco Parade
Dromana VIC 3936

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 715m2
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Property Details for 27 Monaco Pde, Dromana

27 Monaco Pde, Dromana is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 715m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom House sold in Dromana in the last 12 months.

Building Type
House
Land Size
715m2
Local Government
Mornington Peninsula
Lot/Plan
271/LP41392

Last Listing description (July 2024)

Nestled on 715m2 of prime flat land in a popular pocket of Dromana, this two-bedroom, single bathroom fibro home offers endless opportunities for those with vision.

With the potential to develop multiple dwellings (STCA), this property is a must-have for developers. Previously approved plans and approved completed concrete slab provide a solid foundation for expansion and growth.

Explore the option of subdivision and development for potential second-story views, offering boundless transformation possibilities.

The advanced majestic palm tree will be the centrepiece of your future vision, adding charm and elegance to the property. With a touch of creativity and imagination, this property is sure to turn heads in Dromana.

Just a short 600m stroll away, discover the vibrant Boundary Road shops with cafes and conveniences. Directly across from the shops access a variety of hiking and mountain biking tracks for outdoor adventure amidst nature's beauty.

Unlock the potential of 27 Monaco Parade today.

Property History for 27 Monaco Pde, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$690,000
06 Jul 2024
  • 06 Jul 2024
    Sold for $690,000
  • 08 Apr 2024
    Listed for Sale $670,000 - $710,000

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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 5,845 properties. Over the last 5 years, Houses in Dromana have seen a 46.28% increase in median value, while Units have seen a 26.83% increase. As at 31 July 2024:

  • The median value for Houses in Dromana is $972,962 while the median value for Units is $778,410.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 32 properties listed for sale, and 4 properties listed for rent in Dromana on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Dromana.

Suburb Insights for Dromana 3936

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Sam Austen
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Michael Stylman
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.