145 Shergolds Lane, Dromana, VIC 3936 | Property Value & History | OnTheHouse
FOR SALE

145 Shergolds Lane
Dromana VIC 3936

Bedrooms: 5
Bathrooms: 3
Car spaces: 16
Floor area: 381m2
Land area: 62726m2
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Property Details for 145 Shergolds Lane, Dromana

Building Type
Land
Year Built
1910
Floor Size
381m2
Land Size
62726m2
Local Government
Mornington Peninsula
Lot/Plan
CP160319

Last Listing description (June 2026)

Steeped in history as a dairy farm dating back to the 1890s, then later as a holiday retreat in the 1970s for some of Australian televisions biggest personalities, this striking home on 15.5 acres (approx.) has been wonderfully expanded and reimagined from the original cottage into a sprawling five-bedroom residence brimming with unique character and eclectic elegance.

Designed across two spacious levels, the residence thoughtfully integrates recycled materials from the original home with a suite of contemporary upgrades. Two generous living areas and an expansive dining zone anchor the lower level, showcasing hardwood floors, exposed brickwork and ceiling beams, fireplaces, and an array of French and bifold doors opening to a selection of alfresco spaces and the beautifully established gardens.

The fully modernised kitchen features a vast island bench and shaker-style cabinetry, complete with a 900mm oven and integrated dishwasher ideal for both everyday living and entertaining. A semi self-contained suite on the upper level provides a bedroom, sitting room, balcony and rainshower bathroom, offering excellent accommodation for guests, extended family, or potential dual-living flexibility.

The sizeable master bedroom with walk-in robe opens directly to the garden and enjoys ensuite-style access to a modern two-way bathroom, while three additional bedrooms are positioned along a separate hallway and serviced by a third bathroom with spa bath.

Formerly operating as a pony training school, the property is intersected by picturesque Sheepwash Creek and comprises eight paddocks, loose boxes, watered stables, a menage and dam delivering established infrastructure for horse enthusiasts, lifestyle buyers, or those seeking space to operate a home-based business. Recent improvements further enhance the propertys functionality, including a substantial new shed with three-phase power and new fencing throughout the paddocks.

Surrounded by renowned wineries and positioned just minutes from Boundary Road shops and cafs, Dromana township, the beach, local schools and freeway access, this exceptional acreage offers the perfect balance of rural lifestyle and everyday convenience.

Homes and Acreage is proud to be offering this property for sale To arrange an inspection or for further information, please contact Penny Perry on 0448 004 673.

Features:
Picturesque and character-filled country residence
New 24m x 12m x 3.6m shed with four 6m bay sliding doors
Formal living room with open fireplace
Large family room
Expansive dining room
Updated country-style kitchen with vast island
900mm oven & integrated dishwasher
Home office with glass doors to garden
Spacious master with walk-in robe, split-system AC & 2-way modern ensuite
Self-contained upstairs suite with bedroom, balcony, sitting room & bathroom
Third bathroom with spa
French doors & banks of bifolds opening to garden
Exposed interior brickwork & ceiling beams
Integrated recycled materials from original home
4 x split-system air conditioners
Ceiling fans
Hardwood floors
Wide horse float access
Three-phase power
New fencing throughout paddocks
15.6 acres (approx.) overlapped by Sheepwash Creek
Menage
8 paddocks
5 x loose boxes
4 x watered stables
Dam

Property History for 145 Shergolds Lane, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$3,680,000
12 May 2023
  • 05 Jun 2026
    Listed for Sale $3,975,000 - $4,150,000
  • 12 May 2023
    Sold for $3,680,000
  • 05 Jul 2005
    Sold for $1,075,000
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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 5,971 properties. Over the last 5 years, Houses in Dromana have seen a 3.90% increase in median value, while Units have seen a 1.88% increase. As at 31 May 2026:

  • The median value for Houses in Dromana is $991,342 while the median value for Units is $754,016.
  • Houses have a median rent of $650 while Units have a median rent of $610.
There are currently 38 properties listed for sale, and 17 properties listed for rent in Dromana on OnTheHouse. According to Cotality's data, 228 properties were sold in the past 12 months in Dromana.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.