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.

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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 5,889 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 41 properties listed for sale, and 5 properties listed for rent in Dromana on OnTheHouse. According to CoreLogic's data, 171 properties were sold in the past 12 months in Dromana.

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