91 Palmerston Avenue, Dromana, VIC 3936 sold on 29 April 2026 | OnTheHouse
 
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Sold on 29 Apr 2026 for $680,000

91 Palmerston Avenue
Dromana VIC 3936

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Land area: 604m2
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Property Details for 91 Palmerston Ave, Dromana

91 Palmerston Ave, Dromana is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 604m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 4 bedroom House sold in Dromana in the last 12 months.

Building Type
House
Land Size
604m2

Last Listing description (April 2026)

Set on approximately 604 m² of established, private gardens, this versatile property presents an outstanding opportunity for families, investors or those seeking dual-occupancy flexibility in a prime beachside pocket. With a well-proportioned three-bedroom residence at the front and a fully self-contained bungalow at the rear, the options here are as appealing as the location itself.

• Approx. 604 m² allotment with established gardens providing privacy

MAIN HOUSE:

• Main residence comprising three generous bedrooms, all with built in robes
• Multiple living areas offering flexibility for growing families or work from home arrangements
• Spacious kitchen with excellent bench space and a large separate walk-in pantry
• Modernised central family bathroom servicing the main home
• Front and side decks, accessible from both living zones, creating seamless indoor-outdoor flow
• Split system heating & cooling plus Coonara wood heater in the main living area
• Ceiling fans in the bedrooms
• Solar system

THE REAR BUNGALOW OFFERS IDEAL INDEPENDENT ACCOMMODATION:
• Generous living area and kitchen
• Separate bedroom with built in robe
• Ensuite bathroom
• Beautiful north facing porch capturing natural light
• Currently returning $1,434 per month

LOCATION:
• Easy walking distance to Mary Street and the school bus stop
• Leisurely stroll to the beach and the Dromana retail strip
• Close to the Boundary Road shopping strip
• Near Hillside Community Park with access to the hiking- and BMX trails within Arthurs Seat State Park

POTENTIAL:
• Live in the front home while receiving rental income of currently $1,434 per month from the rear bungalow
• Improve and add value to the main residence
• Explore full site redevelopment potential STCA
• Flexible dual occupancy opportunity in a highly convenient Dromana location
• Lease both dwellings – estimated current rental return of approximately $520 per week for the front home plus $1,434 per month for the bungalow. This equates to a possible combined rental return of approximately $44,248 per annum including outgoings.

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 91 Palmerston Ave, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$680,000
29 Apr 2026
Listed for Rent
$490/w
23 Oct 2023
  • 29 Apr 2026
    Sold for $680,000
  • 24 Feb 2026
    Listed for Sale $695,000
  • 01 Aug 2023
    Listed for Rent $490 / 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 6,008 properties. Over the last 5 years, Houses in Dromana have seen a 11.75% increase in median value, while Units have seen a 3.70% increase. As at 30 April 2026:

  • The median value for Houses in Dromana is $1,032,900 while the median value for Units is $758,993.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 39 properties listed for sale, and 9 properties listed for rent in Dromana on OnTheHouse. According to Cotality's data, 225 properties were sold in the past 12 months in Dromana.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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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.

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