SOLD
Sold on 08 Dec 2023 for $360,000

3/8 Collins Road
Dromana VIC 3936

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Land area: 192m2
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Property Details for 3/8 Collins Rd, Dromana

Building Type
Commercial
Land Size
192m2
Local Government
Mornington Peninsula
Lot/Plan
3/PS439264

Last Listing description (April 2018)

Excellent street exposure in very popular Dromana Industrial Estate. Tilt slab concrete construction in excellent condition, freshly painted walls, approx 185 m2 floor space plus approx 60 m2 of mezzanine floor area
Office / separate kitchenette, and bathroom with shower. Allocated car parking spaces in secure gated complex. High ceiling / high roller door access Easy access to freeway. Suit multiple applications.

Property History for 3/8 Collins Rd, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$360,000
08 Dec 2023
Listed for Rent
$400/w
09 Apr 2019
  • 08 Dec 2023
    Sold for $360,000
  • 09 Apr 2019
    Listed for Rent - Price not available
  • 27 Mar 2018
    Listed for Rent $400 / week
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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, 167 properties were sold in the past 12 months in Dromana.

Suburb Insights for Dromana 3936

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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.