3 Spencer Avenue, Dromana, VIC 3936 | House for sale | OnTheHouse
 
FOR SALE
$1,200,000

3 Spencer Avenue
Dromana VIC 3936

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 649m2
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Beachside Character with Approved Development Potential

In a superb beachside location just approximately 200 metres from the sandy foreshore, this light-filled cottage-style home offers an exciting opportunity for homeowners, investors and developers alike.
Adding significant future value, the property comes with approved plans and permits for two brand-new, two-storey four-bedroom dwellings, providing an outstanding opportunity to develop in this sought-after coastal location.
Smartly presented and ready to enjoy, the existing three-bedroom home features charming character, floorboards throughout, plenty of storage and a spacious lounge and dining zone. The kitchen is well-appointed with stainless steel appliances. Ducted heating provides year-round comfort.
Whether you choose to enjoy the existing home, secure it as an investment or take advantage of the approved development, the possibilities are impressive.
Just a short stroll to Dromana's shopping precinct, shops, cafes, bus stops and local amenities, with the beach practically at your doorstep, this is a rare opportunity in a tightly held location.
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Property Details for 3 Spencer Ave, Dromana

3 Spencer Ave, Dromana is a 3 bedroom, 1 bathroom House. The property has a land size of 649m2. The place is currently for sale with Barry Plant Rosebud.

Building Type
House
Land Size
649m2
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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 6,068 properties. Over the last 5 years, Houses in Dromana have seen a -10.73% decrease in median value, while Units have seen a -6.70% decrease. As at 31 August 2026:

  • The median value for Houses in Dromana is $908,079 while the median value for Units is $711,538.
  • Houses have a median rent of $680 while Units have a median rent of $620.
There are currently 40 properties listed for sale, and 12 properties listed for rent in Dromana on OnTheHouse. According to Cotality's data, 225 properties were sold in the past 12 months in Dromana.

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Craig Leo
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Campbell Leo
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Barry Plant Rosebud
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