13 Elizabeth Avenue, Dromana, VIC 3936 | House for sale | OnTheHouse
 
FOR SALE
$780,000 - $840,000

13 Elizabeth Avenue
Dromana VIC 3936

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Land area: 746m2
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Renovator’s Delight with Water Glimpses & Subdivision Potential

Positioned in the heart of Dromana, this 3 bedroom, 2 bathroom residence presents an exceptional opportunity for renovators or developers seeking value and future upside in a tightly held coastal pocket.
Set on a generous allotment of approximately 746m², the property offers exciting potential for subdivision (STCA), making it an ideal proposition for those looking to capitalise on the growth of the Mornington Peninsula lifestyle market.
Inside, the home features a functional and flexible floorplan with multiple living zones, well-proportioned bedrooms, and original character ready to be transformed. With some vision and renovation, this could become a stunning family residence or high-yield investment.
Enjoy elevated aspects with glimpses of the water, adding lifestyle appeal and long-term value. Outdoors, the spacious block provides ample room for future redevelopment, landscaping, or extension options (STCA).
Key Features:
• 3 bedrooms, 2 bathrooms
• Approx. 746m² allotment
• Subdivision potential (STCA)
• Water glimpses from the property
• Renovator's delight with strong upside
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Property Details for 13 Elizabeth Ave, Dromana

13 Elizabeth Ave, Dromana is a 3 bedroom, 2 bathroom House. The property has a land size of 746m2. The place is currently for sale with YPA Dromana.

Building Type
House
Land Size
746m2
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About Dromana 3936

The size of Dromana is approximately 30.6 square kilometres. There are 19 parks, covering nearly 7.2% of the total area. The population of Dromana in 2016 was 5803 people. By 2021 the population was 6626 showing a population growth of 14.2% 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 2021, 70.70% of the homes in Dromana were owner-occupied compared with 67.90% in 2016.

Dromana has 6,042 properties. Over the last 5 years, Houses in Dromana have seen a -1.10% decrease in median value, while Units have seen a 4.30% increase. As at 30 June 2026:

  • The median value for Houses in Dromana is $963,588 while the median value for Units is $776,394.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 37 properties listed for sale, and 17 properties listed for rent in Dromana on OnTheHouse. According to Cotality's data, 227 properties were sold in the past 12 months in Dromana.

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Mark Rhodes
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