46 Coleus St, Dromana is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 604m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 4 bedroom House sold in Dromana in the last 12 months.
With endorsed plans and permits already in place to build two double-storey townhouses, each with its own pool. This prime bayside property offers an exceptional opportunity for developers, builders, or savvy investors.Adding to the appeal, a demolition permit has also been approved, and the site is ready for the building permit to be issued as soon as a builder is appointed, saving valuable time and streamlining the path to construction.Set on a generous block with bay views, the existing home has been partially updated with a modernised kitchen and bathrooms. For those not ready to build, there's still potential to renovate further and create a relaxed coastal escape.Whether you proceed with the approved development or continue enhancing the current home, the location is a standout, just moments from the beach, shops, cafes and all that Dromana has to offer.- The current sun-drenched home is updated inside with fresh white decor- Upstairs living/dining and covered balcony, enjoy bay views throughout- Chic new kitchen with built-in Technika oven and ceramic cooktop- Main bedroom with robe and ensuite, and 2 bedrooms with robes- 3 bedrooms, 2 with robes including the main bedroom with new ensuite- New ground floor shower room and toilet, plus laundry facilities- Single garage and single carport entrance plus level front garden- Large back garden with lemon tree, offers space to extend (STCA)- Plans for 2 double storey homes with 4BRs, 3bath, dual living, and pool- About 20mins walk to the beach, multiple cafs, shops, and Dromana Hub - Close to the Dromana bike tracks and 7 Minutes to Red Hill wineries
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 6,007 properties. Over the last 5 years, Houses in Dromana have seen a 30.70% increase in median value, while Units have seen a 28.91% increase. As at 30 November 2025:
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