63 Ellerina Rd, Mount Martha is a 3 bedroom, 2 bathroom House and was built in 1975. The property has a land size of 2023m2 and floor size of 174m2. 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 Mount Martha in the last 12 months.
Presenting an existing 3BR home on an incredible 2,023sqm approx. of land with exceptional views across the Bay to Arthurs Seat that can never be built out, only improved upon.
Currently tenanted, for immediate ROI ($600pw, month to month basis) while you consider the options. This includes investing, gradually updating, commencing the stunning proposed home, or building a new home of your own design (Subject To Council Approval). In walking distance to the beach and a short drive to local shops, this is an exciting opportunity in an enviable location.
The existing property:
The Potential:
Previously endorsed plans from 2018* are available to view for inspiration on the unlimited potential of this type of property in this location.
- The plans included a proposed 3rd storey extension with panoramic bay views from a master retreat with WIR & ensuite.
- A substantial redesign of the second level providing new kitchen with island & butler's pantry, open plan living/dining space adjoining extensive decking leading out the proposed swimming pool. Additionally there will be a 5th bedroom, bathroom, new laundry and powder room.
- Further enhancements include carport to be converted to double garage, plus additional storage room.
For further information please contact Jarrod Eastwood on 0403 983 310
*Please note the 2018 Endorsed Plans have expired however are available to view upon request. (Final photo online is a 3d illustration of these expired plans)
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:
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