OFF MARKET

8 Farey Avenue
Dromana VIC 3936

Bedrooms: 4
Bathrooms: 3
Car spaces: 1
Floor area: 236m2
Land area: 869m2
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Property Details for 8 Farey Ave, Dromana

8 Farey Ave, Dromana is a 4 bedroom, 3 bathroom House with 1 parking spaces and was built in 1978. The property has a land size of 869m2 and floor size of 236m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
House
Year Built
1978
Floor Size
236m2
Land Size
869m2
Local Government
Mornington Peninsula
Lot/Plan
15/LP43598

Last Listing description (September 2017)

UNDER APPLICATION - 6 Month Lease Preferred - Leasing ground floor level level of this 2 storey, 2 bedroom property. Offers bay views in quiet blue chip location. Comprises good sized lounge with gas heating, kitchen with electric cooking & adjoining meals area, 2 roomy bedrooms with stand alone robes, bathroom w/ shower, vanity & toilet (no bath).
Beautiful manicured gardens + shed. Water, electricity & rear yard maintenance included! Extremely neat & tidy presentation.

Property History for 8 Farey Ave, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$1,800,000
23 Dec 2021
Listed for Rent
$310/w
04 Sep 2017
  • 23 Dec 2021
    Sold for $1,800,000
  • 01 Feb 2020
    Transferred
  • 08 Jun 2017
    Listed for Rent $310 / week
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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 5,889 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 41 properties listed for sale, and 5 properties listed for rent in Dromana on OnTheHouse. According to CoreLogic's data, 171 properties were sold in the past 12 months in Dromana.

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