39 Codrington StreetDromana VIC 3936
Property Details for 39 Codrington St, Dromana
39 Codrington St, Dromana is a 5 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 951m2. While the property is not currently for sale or for rent, it was last sold in September 2026. There are other 5 bedroom House sold in Dromana in the last 12 months.
Last Listing description (September 2026)
There is something truly special about Old Dromana. Wide tree-lined streets, beautiful established homes, the beach just moments away and a wonderful sense of community create a lifestyle that is becoming increasingly difficult to find.
Set amongst the leafy surrounds of this tightly held neighbourhood, this charming weatherboard residence is a home that immediately feels warm, welcoming and relaxed. Lovingly maintained and beautifully presented, it offers generous proportions, multiple living areas and seamless indoor-outdoor entertaining, making it equally suited to growing families, holidaymakers or those simply wanting to enjoy the Peninsula lifestyle at its very best.
Currently enjoyed by the owners as a private coastal retreat while also generating EXCELLENT INCOME as a SUCCESSFUL Airbnb, this is a home that offers flexibility without compromising on comfort or character.
FEATURING:
• Spacious and versatile floorplan with expansive indoor and outdoor living areas
• Five generous bedrooms, including a beautiful front master suite with walk-in robe and ensuite
• Family bathroom complete with spa bath, separate shower and separate toilet
• Modern kitchen with stainless steel appliances, island bench and breakfast bar overlooking the living areas
• Warm timber floorboards throughout the main living spaces and master bedroom
• Comfortable carpeted bedrooms for family and guests
• Ducted heating, evaporative cooling and a cosy open fireplace for year-round comfort
• Stunning undercover entertaining deck, perfect for long summer evenings with family and friends
• Fire pit area creating the ideal space to relax under the stars
• Timber shed, cubby house and excellent storage throughout
• Beautifully established gardens providing privacy and a peaceful setting
• Proven Airbnb income with the option to continue as a successful holiday rental
• Estimated permanent rental return of approximately $775–$825 per week in the current market
From your front door, enjoy an easy stroll to the Beach, Dromana Park, the Visitor Information Centre, the Community Hall, local cafés, shops and the Bay Trail on our beautiful foreshore. Leave the car at home and embrace the relaxed coastal lifestyle that makes Old Dromana one of the Mornington Peninsula's most desirable places to call home.
ESTABLISHED SHORT-STAY ACCOMMODATION INCOME OPPORTUNITY
The property also offers an established Airbnb and Stayz/VRBO income stream, having generated an average of approx. $33,000 per annum over the past three years, with annual income consistently between $30,000 and $35,000.
The property enjoys REGULAR REPEAT BOOKINGS, including guests who return each December and January. Guest feedback is consistently positive, with the property particularly popular with families and guests attending local weddings and events.
The current owner has deliberately limited availability at certain times, including Schoolies week, and carefully screens bookings, providing potential for a new owner to increase occupancy should they wish to do so.
For buyers interested in continuing the short-stay accommodation, the owner is happy to provide a COMPREHENSIVE HANDOVER, including assistance with the existing Airbnb and Stayz/VRBO listings where transferable, as well as sharing established contacts for cleaners, laundry services and local tradespeople to help provide a smooth transition for the new owner.
CHARACTER HOMES in this location are tightly held for good reason. Offering WARMTH, SPACE, CHARM and an enviable LIFESTYLE, this is a property where lasting family memories are waiting to be made.
INSPECT AS ADVERTISED OR BY APPOINTMENT
Disclaimer:
*All measurements are approximate. All information provided is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence and seek independent professional advice.
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Property History for 39 Codrington St, Dromana, VIC 3936
- 07 Sep 2026Sold for $1,200,000
- 16 Apr 2026Listed for Sale $1,295,000
- 08 Nov 2007Sold for $532,000
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0About 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 6,067 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.
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