SOLD
Sold on 20 Jun 2024 for $900,000

71-73 Latrobe Parade
Dromana VIC 3936

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Floor area: 92m2
Land area: 2500m2
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Property Details for 71-73 Latrobe Pde, Dromana

71-73 Latrobe Pde, Dromana is a 4 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 2500m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 4 bedroom House sold in Dromana in the last 12 months.

Building Type
House
Floor Size
92m2
Land Size
2500m2
Local Government
Mornington Peninsula
Lot/Plan
1/LP111176

Last Listing description (June 2024)

Uncover the extraordinary with this tightly-held coastal expanse, offered for the first time in over 120 years with two titles and a classic 1910s beachside cottage that hints at the untapped potential. Perched just moments from sun-kissed shores and taking in breathtaking bay views from its elevated position, the rarity of this land elevates the promise of creating a bespoke seaside haven that matches its prestigious beachfront setting (subject to council approval).

Elevate your aspirations as the two titles, encompassing approximately 2500sqm, set the stage for unparalleled creativity. To be offered as one with two independent street crossovers and additional rear access via "right of way", they seamlessly facilitate your vision of one or two dream homes, affording the possibility of both luxury and high capital growth.

Currently, the timeless four-bedroom retreat holds incredible potential. With the option to revive its historic charm, the canvas is yours to design. Entertain in the spacious lounge, complete with a wood burner and reverse-cycle heating/cooling, while the sheltered wraparound deck becomes your personal oasis to unwind and soak in the panoramic vistas.

The original dine-in kitchen has been updated with quality appliances and is complemented by a functional bathroom and a second toilet outdoors. Set against the backdrop of Latrobe Reserve and just moments from Dromana and McCrae shops, cafes, beaches, and easy freeway access, this property positions you at the heart of Peninsula excellence, a mere stone's throw from celebrated attractions, including pristine surf and bay beaches, renowned wineries and award-winning dining experiences.

Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.

Property History for 71-73 Latrobe Pde, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$900,000
20 Jun 2024
  • 20 Jun 2024
    Sold for $900,000
  • 20 Jun 2024
    Sold for $1,150,000
  • 14 Feb 2024
    Listed for Sale Private Sale
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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 5,846 properties. Over the last 5 years, Houses in Dromana have seen a 44.47% increase in median value, while Units have seen a 29.31% increase. As at 31 August 2024:

  • The median value for Houses in Dromana is $969,501 while the median value for Units is $796,115.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 31 properties listed for sale, and 8 properties listed for rent in Dromana on OnTheHouse. According to CoreLogic's data, 170 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.