34 Gibson StreetDromana VIC 3936
Property Details for 34 Gibson St, Dromana
34 Gibson St, Dromana is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 1014m2 and floor size of 184m2. While the property is not currently for sale or for rent, it was last sold in February 2008.
Last Listing description (April 2023)
Welcoming expansive opportunities this 1,014sqm approx. allotment holds enormous potential in a highly sought-after pocket of Dromana.
Marvelling in a prime location just a short 150m stroll to the Dromana foreshore via a pedestrian walkway the property is perfectly zoned for future development. Currently offering a comfortable 4 bedroom beach house which could be enjoyed for personal use for years to come or add this gem to your investment portfolio and continue to lease the property out to generate income whilst you plan for the future with this rare and superior investment opportunity.
The convenience of this property is unrivalled with it being within walking distance to all local amenities including, IGA shopping complex, sporting clubs, Dromana Primary school, shops, cafes, restaurants, public transport and much more.
Currently tenanted month to month with the hope to remain, this coastal home will appeal to investors, developers or those seeking a large project.
Auction on site, Saturday 10 December 2022, 2.00pm
Property History for 34 Gibson St, Dromana, VIC 3936
- 15 Nov 2022Listed for Sale $2,280,000
- 31 May 2017Listed for Rent $470 / week
- 11 May 2015Listed for Rent $445 / 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.
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