SOLD
Sold on 29 Oct 2024 for $1,920,000

40 Collins Road
Dromana VIC 3936

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 776m2
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Property Details for 40 Collins Rd, Dromana

Building Type
Land
Land Size
776m2
Local Government
Mornington Peninsula
Lot/Plan
3/PS813047

Last Listing description (March 2018)

* TOTAL FLOOR AREA 497M2 (APPROX.) * BRAND NEW SHOWROOM/ WAREHOUSE/ ARCHITECTURAL ECO DESIGN WITH MEZZANINE STORAGE * HIGH CLEARANCE ROLLER DOOR AND 8 ALLOCATED CAR SPACES * MAIN ROAD FRONTAGE WITH CORNER POSITION * SURROUNDED BY BOUTIQUE COFFEE ROASTERS/ DISTILLERIES AND BREWERY'S * SUPERIOR INDUSTRIAL 3 SITE * COMPLETION EXPECTED Q3/Q4 2018 * LEASE $55,000 PA ++ * SALE $800,000 - $880,000 PLEASE CONTACT TANYA SCAGLIARINI OR JAMIE STUART FOR FURTHER DETAILS.

Property History for 40 Collins Rd, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$1,920,000
29 Oct 2024
Listed for Rent
$1.05k/w
10 Apr 2018
  • 29 Oct 2024
    Sold for $1,920,000
  • 01 May 2018
    Sold
  • 01 May 2018
    Sold for $902,084
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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 5,898 properties. Over the last 5 years, Houses in Dromana have seen a 39.72% increase in median value, while Units have seen a 20.43% increase. As at 30 November 2024:

  • The median value for Houses in Dromana is $970,615 while the median value for Units is $780,209.
  • Houses have a median rent of $600 while Units have a median rent of $575.
There are currently 41 properties listed for sale, and 3 properties listed for rent in Dromana on OnTheHouse. According to CoreLogic's data, 166 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.