SOLD
Sold on 10 Nov 2023 for $630,000

71 Palmerston Avenue
Dromana VIC 3936

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 94m2
Land area: 606m2
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Mark Rhodes
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Property Details for 71 Palmerston Ave, Dromana

71 Palmerston Ave, Dromana is a 3 bedroom, 1 bathroom House and was built in 1980. The property has a land size of 606m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 3 bedroom House sold in Dromana in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
94m2
Land Size
606m2
Local Government
Mornington Peninsula
Lot/Plan
27/LP21130

Last Listing description (December 2023)

Set for contemporary redesign atop a generous parcel of 606sqm (approx.) of land, this single-level home welcomes a bright future for investment or permanent living within one of Dromana's most convenient pockets. Ideal for families, or first-timers with a trade-based background, this three-bedroom home presents an exciting opportunity for those seeking space to create the ultimate coastal dream (STCA).

Originally built in the 1980's and nurtured more recently by a loving family, the home offers comfortable proportions across three generous bedrooms, a family bathroom and an open living and dining domain. A recent kitchen removal welcomes the chance to redesign a culinary domain to personal style, with space ready to accommodate modern family requirements.

Cocooned in established gardens, a prized address confirms easy walking distance to the Boundary Road shops and Hillview Leash-free Dog Park, while a short drive invites convenience with Dromana's township, coastline and the Mornington Peninsula's award-winning winery and day-spa region located only moments from home.

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Property History for 71 Palmerston Ave, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$630,000
10 Nov 2023
  • 10 Nov 2023
    Sold for $630,000
  • 06 Oct 2023
    Listed for Sale $620,000 - $680,000
  • 04 Aug 2010
    Sold for $290,000
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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 5,836 properties. Over the last 5 years, Houses in Dromana have seen a 36.73% increase in median value, while Units have seen a 18.25% increase. As at 30 September 2024:

  • The median value for Houses in Dromana is $942,608 while the median value for Units is $778,267.
  • Houses have a median rent of $600 while Units have a median rent of $570.
There are currently 39 properties listed for sale, and 6 properties listed for rent in Dromana on OnTheHouse. According to CoreLogic's data, 170 properties were sold in the past 12 months in Dromana.

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