OFF MARKET

78 Rainier Avenue
Dromana VIC 3936

Bedrooms: 5
Bathrooms: 3
Car spaces: -
Land area: 1437m2
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Property Details for 78 Rainier Ave, Dromana

78 Rainier Ave, Dromana is a 5 bedroom, 3 bathroom House. The property has a land size of 1437m2.

Building Type
House
Land Size
1437m2
Local Government
Mornington Peninsula

Last Listing description (December 2021)

Boasting a huge double block of approx. 1437m2, this 5-bedroom home is ripe for redevelopment in an absolutely prime position on the Peninsula.

With the potential to build your ultimate family home or subdivide into townhouses or holiday homes (STCA), this is an incredible location placed perfectly between beautiful sunny beaches and world-class wineries in the hinterland.

Beyond the front gate of this spacious and leafy block is the generously proportioned 5-bedroom property, 4-car garaging and plenty of scope for anything from renovation to total redevelopment (STCA).

This area is fantastic for families with just an easy walk to reach local shops and bus stops on Boundary Road, as well as just a short drive to Dromana Primary School in town.

As a lifestyle destination you simply won't find a more relaxing sea change, with only a 5-minute drive to all the shops, cafs and restaurants lining the foreshore alongside wonderful Dromana Beach.

There are so many options to explore with this outstanding opportunity, so call Paul on 0491 174 127 to register your interest now!

Features
- Huge Double Block Of Approx. 1437m2
- Large 5-Bedroom Home W/ 4-Car Garaging
- Fantastic Future Development Potential (STCA)
- Leafy Hinterland Area Close To Red Hill, Wineries & Vineyards
- Walk To Local Shops & Bus Transport
- Short Drive To Dromana Primary School
- Short Drive To Shops, Cafs & Restaurants Along The Foreshore
- Approx. 5-Min Drive To Dromana Beach & Safety Beach

In adherence to current restrictions, Upside Realty has implemented procedures for all buyer inspections, as follows:
- Hand sanitisers will be provided for all inspection attendees including the agent
- All COVIDSafe measures to be followed
- All contracts issued are paperless

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Property History for 78 Rainier Ave, Dromana, VIC 3936

A timeline of how this property has performed in the market
Listed for Rent
$565/w
08 Jan 2018
  • 03 Dec 2021
    Listed for Sale Expression of Interest 20th December 5.00pm
  • 24 Aug 2017
    Listed for Sale $985,000
  • 07 Aug 2017
    Listed for Rent - Price not available

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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.
There are currently 42 properties listed for sale, and 5 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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