OFF MARKET

2/131 Racecourse Road
Mount Martha VIC 3934

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 99m2
Land area: 216m2
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Property Details for 2/131 Racecourse Rd, Mount Martha

2/131 Racecourse Rd, Mount Martha is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 216m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in February 2020.

Building Type
Unit
Year Built
2005
Floor Size
99m2
Land Size
216m2
Local Government
Mornington Peninsula
Lot/Plan
2/PS520694

Last Listing description (August 2016)

This beautifully presented villa unit offers low maintenance living with convenience and a quiet, parklike atmosphere with privacy and a peaceful environment. It's a short stroll to the park and in close proximity to Benton's Square shopping and a short drive to the gorgeous Mt Martha Village and Mornington's fabulous Main Street.
This very affordable home features a spacious open plan lounge & dining room with a large well equipped kitchen. The master bedroom has a walk in robe with direct access to the 2-way bathroom. Other features include a 2nd bedroom with built in robes, large laundry, separate toilet, undercover verandah/sunroom, private courtyard, ducted heating and cooling, and is tastefully decorated in neutral tones. A single lock up garage and solar panels completes this package.

Property History for 2/131 Racecourse Rd, Mount Martha, VIC 3934

A timeline of how this property has performed in the market
Last Sold
$510,000
28 Feb 2020
  • 28 Feb 2020
    Sold for $510,000
  • 30 Jul 2016
    Sold for $440,000
  • 17 May 2016
    Listed for Sale Price by Negotiation over $435,000
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About Mount Martha 3934

The size of Mount Martha is approximately 30.3 square kilometres. It has 43 parks covering nearly 11.5% of total area. The population of Mount Martha in 2011 was 17,087 people. By 2016 the population was 18,552 showing a population growth of 8.6% in the area during that time. The predominant age group in Mount Martha is 40-49 years. Households in Mount Martha are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Martha work in a professional occupation. In 2011, 83.3% of the homes in Mount Martha were owner-occupied compared with 82.4% in 2016.

Mount Martha has 9,600 properties. Over the last 5 years, Houses in Mount Martha have seen a 38.26% increase in median value, while Units have seen a 23.18% increase. As at 31 October 2024:

  • The median value for Houses in Mount Martha is $1,393,145 while the median value for Units is $768,538.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 64 properties listed for sale, and no properties listed for rent in Mount martha on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in Mount martha.

Suburb Insights for Mount Martha 3934

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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.