239-241 Palmerston Avenue, Dromana, VIC 3936 | Property Value & History | OnTheHouse
OFF MARKET

239-241 Palmerston Avenue
Dromana VIC 3936

Bedrooms: 6
Bathrooms: 4
Car spaces: 2
Floor area: 206m2
Land area: 1478m2
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Property Details for 239-241 Palmerston Ave, Dromana

239-241 Palmerston Ave, Dromana is a 6 bedroom, 4 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 1478m2 and floor size of 206m2. While the property is not currently for sale or for rent, it was last sold in November 2015.

Building Type
House
Year Built
1930
Floor Size
206m2
Land Size
1478m2
Local Government
Mornington Peninsula
Lot/Plan
CP159958

Last Listing description (June 2026)

Built in the early 1900s and set within large private gardens, this superb property offers a warm welcome, boasting a grand main residence along with separate cottage and apartment.

This unique residence enjoys beautiful bay and hillside views from the expansive roof-top deck, in a convenient location near the beach and local amenities and is perfect as a multi-generational community or provides potential for 3 income streams. Beautifully blending stylish updates with period features in the main house, this would be a delightful home while you make your plans.

Main house:

- Generous lounge/dining with fireplace, RC/AC, plus entrance hall, study/sitting room
- Modern stone kitchen has Bosch appliances, new laundry
- 2 large bedrooms, chic bathroom with rainfall shower, vanity, toilet
- 1st floor main bedroom retreat has RC/AC, wet bar, WIR, new ensuite, and terrace

Cottage:
- Lounge/dining with RC/AC, neat kitchen, 2BRs, bathroom/laundry, and WC

Apartment:
- Living/meals/kitchen with RC/AC, large bedroom, bathroom/laundry

Features:
- Central covered patio, plus huge 1st floor alfresco terrace with views
- Dual street access, double garage, off-street parking, charming gardens
- Combined rental potential for all 3 dwellings totals approx. $1,300 pw
- Convenient location near schools, shops, cafs, and stunning beaches

Whilst every effort has been made to ensure the accuracy of the information provided, no responsibility is accepted for any errors, omissions, or inaccuracies. Prospective purchasers should make their own enquiries to verify all information, including land size, building size, floor plans, and zoning.

Property History for 239-241 Palmerston Ave, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$746,000
15 Nov 2015
  • 21 Jan 2026
    Listed for Sale $1,225,000 - $1,345,000
  • 15 Nov 2015
    Sold for $746,000
  • 16 Oct 2015
    Listed for Sale $695,000 plus
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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 5,982 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.

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.