SOLD
Sold on 13 Sep 2024 for $920,000

8 Margo Street
Dromana VIC 3936

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 111m2
Land area: 618m2
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Property Details for 8 Margo St, Dromana

8 Margo St, Dromana is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 618m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 3 bedroom House sold in Dromana in the last 12 months.

Building Type
House
Year Built
1960
Floor Size
111m2
Land Size
618m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP96563

Last Listing description (November 2024)

Loaded with lifestyle appeal and positioned for convenience, this older-style home offers the spoils of seaside living just a short stroll from Dromana Beach. Anchored by a modern kitchen and dining area, the home features a welcoming lounge and north-facing sunroom, with 3 bedrooms and a family bathroom zoned privately to the rear. Outside, a sheltered deck and private backyard provide an ideal setting for family barbeques and space for kids to enjoy outdoor play. Situated in a quiet street within a 10-minute walk to Dromana Hub, schools, buses, sporting grounds and caf?s.

- Prime location and set on a level 618sqm approx block
- North-facing sunroom and lounge, high ceilings, heating & cooling

- Modern kitchen with stainless-steel gas cooktop/electric oven
- Large master bedroom with an abundance of built-in robe storage
- Two junior bedrooms, one with built-in robe storage
- Fully-tiled bathroom with large shower & laundry facilities, sep WC
- Mitsubishi r/c air-con in lounge room and 2 bedrooms
- Detached single garage with additional off-street parking
- Fully fenced with gated access into the property and the backyard
- Easy access to Peninsula Freeway onramp via McCulloch Street

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Property History for 8 Margo St, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$920,000
13 Sep 2024
Listed for Rent
$395/w
13 Nov 2018
  • 13 Sep 2024
    Sold for $920,000
  • 15 Aug 2024
    Listed for Sale Sold
  • 26 Jul 2018
    Listed for Rent $395 / 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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