SOLD
Sold on 31 Aug 2024 for $3,500,000

31 Prescott Avenue
Mount Martha VIC 3934

Bedrooms: 2
Bathrooms: 3
Car spaces: 2
Floor area: 314m2
Land area: 1953m2
Sold By
Warlimont & Nutt Pty Ltd
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Property Details for 31 Prescott Ave, Mount Martha

31 Prescott Ave, Mount Martha is a 2 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 1953m2 and floor size of 314m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom House sold in Mount Martha in the last 12 months.

Building Type
House
Floor Size
314m2
Land Size
1953m2
Local Government
Mornington Peninsula
Lot/Plan
1/LP46104

Last Listing description (September 2024)

A flawless fusion of architectural magnificence and lush surroundings grounded on a historic piece of approx. 1953sqm of land, "Cooinda" provides a unique opportunity for beachside living. Its Aboriginal name meaning "a happy place to gather", sets the tone for a property that exudes peace and an irresistible sense of friendliness.

As you enter through the French doors into the ground floor, Cooinda reaches out to embrace and welcome you into a thoughtfully designed Arts & Crafts style home. Bathed in the gentle illumination of north-facing light, the timber kitchen, living, and dining areas exude an inviting warmth that beckons you to linger. Stepping out onto the terrace, bay views unfold before you creating a relaxing backdrop.

Dating back to 1934, Cooinda retains its original charm and character, inviting new owners to bask in all its glory or infuse their personal touch. The grandeur of high decorative ceilings, colonial windows, and bold columns adorn the downstairs living spaces. As you settle by the wood fireplace, find yourself immersed in a sense of comfort and nostalgia, appreciating the craftsmanship that went into every detail of this cherished haven. From the exterior stone bricks, handcrafted from sand found onsite, to the preserved features, Cooinda stands as a testament to enduring quality. Two bedrooms downstairs, including the master with ensuite, a bathroom, along with a versatile sitting room that offers flexibility as an office or potential sixth bedroom.

Venture to the top level to discover three additional bedrooms, each offering leafy views with one opening onto a balcony, where you can soak in the tranquil surroundings or watch the setting sun hit the nearby valley in a golden hue. An upstairs kitchenette and bathroom provide added functionality and comfort for family and guests alike.

Outside, the front gardens boast an old Irish Strawberry Tree and majestic Kurrajong, with a double swing among the branches. Just a 7-minute walk away, the pristine shores of South Beach awaits, while nearby amenities like Mount Martha Village, Balcombe Grammar School and multiple dining options, remind you of the unparalleled convenience and natural splendour that define life at Cooinda.

Tucked away at the rear of the property, awaits the versatile studio - linked to a two-car garage. Solar-powered gates, a garden shed, and a circular driveway not only enhance convenience but also add to the property's charm. Meanwhile, a water tank and sprinkler system stand ready to maintain the vibrancy of the lush gardens throughout the year.
Inside, split-system heating and cooling ensure optimal comfort on the upper level, while ducted heating guarantees warmth on the ground floor. Exciting plans for a renovation of the ground floor, masterminded by Peter Jackson, promise to elevate the home to even greater heights.

With its perfect blend of natural beauty and timeless elegance, Cooinda offers a rare opportunity to embrace the peaceful lifestyle you've been dreaming of.

Property History for 31 Prescott Ave, Mount Martha, VIC 3934

A timeline of how this property has performed in the market
Last Sold
$3,500,000
31 Aug 2024
  • 31 Aug 2024
    Sold for $3,500,000
  • 14 May 2024
    Listed for Sale Under Contract
  • 02 Jan 2016
    Sold for $1,550,000
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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.

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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.