233 Palmerston Avenue, Dromana, VIC 3936 | Property Value & History | OnTheHouse
OFF MARKET

233 Palmerston Avenue
Dromana VIC 3936

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 243m2
Land area: 1326m2
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Property Details for 233 Palmerston Ave, Dromana

233 Palmerston Ave, Dromana is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 1326m2 and floor size of 243m2. While the property is not currently for sale or for rent, it was last sold in October 2016.

Building Type
House
Year Built
1960
Floor Size
243m2
Land Size
1326m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP86636

Last Listing description (May 2026)

UNDER APPLICATION

A true landmark of the Mornington Peninsula, this stunning Tudor-style residence is a rare offering of space, character, and versatility all just a short stroll from Dromana's sparkling shoreline.
Set on an expansive 1,327m (approx.) allotment with sweeping bay views, this grand four-bedroom, three-bathroom home blends old-world elegance with modern comforts. Located within walking distance to Dromana shops, cafes, restaurants, and beautiful beaches, this property also offers easy access to Dromana Primary School, bus stops along Point Nepean Road, and is just moments from Peninsula Link for a smooth commute to Melbourne or further exploration of the Peninsulas renowned wineries, golf courses, and the Alba Thermal Springs.

Step inside and be captivated by the warm and inviting interiors where sash windows, parquetry floors, ornate cornices, and a magnificent stone fireplace tell a story of timeless craftsmanship. Multiple living areas include a formal lounge, a sunlit second living space, and an elegant dining room, all ready to host unforgettable gatherings.
At the heart of the home is a well-appointed kitchen with views to the paved alfresco terrace, perfect for outdoor entertaining.
A key highlight is the separate self-contained studio featuring its own kitchenette, full ensuite, and private entrance ideal for extended family, guest accommodation, or a home-based business.
Additional features include:
* Ducted heating
* Oversized garage
* Ample off-street parking for boat, trailer, or caravan
* Established gardens with charming coastal ambience
With a commanding street presence and an unbeatable location, 233 Palmerston Avenue is an exceptional home for those seeking space, character and coastal lifestyle.
Inspections are a must properties like this rarely become available.

Disclaimer: Internal images may vary slightly from the actual property due to lighting, colour variations, or photo enhancements. All prospective renters must register to confirm attendance at inspections. This allows us to notify you promptly of any changes, updates, or cancellations. Please ensure you check the listing online prior to attending to confirm the inspection is still proceeding.

Property History for 233 Palmerston Ave, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$680,000
25 Oct 2016
Listed for Rent
$790/w
30 Aug 2022
  • 12 Jul 2025
    Listed for Rent $890 / week
  • 05 Aug 2022
    Listed for Rent $790 / week
  • 11 Feb 2020
    Listed for Rent $580 / week
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About Dromana 3936

The size of Dromana is approximately 30.6 square kilometres. It has 19 parks covering nearly 7.2% of 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 6,004 properties. Over the last 5 years, Houses in Dromana have seen a 16.41% increase in median value, while Units have seen a 6.99% increase. As at 31 March 2026:

  • The median value for Houses in Dromana is $1,042,592 while the median value for Units is $783,093.
  • Houses have a median rent of $649 while Units have a median rent of $600.
There are currently 39 properties listed for sale, and 10 properties listed for rent in Dromana on OnTheHouse. According to Cotality's data, 220 properties were sold in the past 12 months in Dromana.

Suburb Insights for Dromana 3936

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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.