SOLD
Sold on 08 Oct 2024 for $779,000

7 Lugano Avenue
Dromana VIC 3936

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 150m2
Land area: 710m2
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Property Details for 7 Lugano Ave, Dromana

7 Lugano Ave, Dromana is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1995. The property has a land size of 710m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 4 bedroom House sold in Dromana in the last 12 months.

Building Type
House
Year Built
1995
Floor Size
150m2
Land Size
710m2
Local Government
Mornington Peninsula
Lot/Plan
390/LP41392

Property History for 7 Lugano Ave, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$779,000
08 Oct 2024
  • 08 Oct 2024
    Sold for $779,000
  • 09 Apr 2013
    Sold for $160,000
  • 05 Feb 1982
    Sold for $6,500

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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 5,839 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 39 properties listed for sale, and 4 properties listed for rent in Dromana on OnTheHouse. According to CoreLogic's data, 163 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.