1/5 Palermo Street, Mentone, VIC 3194 | Property Value & History | OnTheHouse
OFF MARKET

1/5 Palermo Street
Mentone VIC 3194

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 73m2
Land area: 179m2
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Property Details for 1/5 Palermo St, Mentone

1/5 Palermo St, Mentone is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1978. The property has a land size of 179m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
Unit
Year Built
1978
Floor Size
73m2
Land Size
179m2
Local Government
Kingston
Lot/Plan
1/RP3631

Last Listing description (March 2021)

Footsteps to beautiful Mentone beach, this neat & tidy 2-bedroom unit enjoys its own street frontage & driveway while boasting brilliant proximity to schools, transport and local shops.
Situated at the front of just four homes, the villa has the bonus of its own secure front garden as well as an easy-care rear courtyard - with plenty of space to enjoy inside and out, it is sure to prove popular with a huge range of buyers.
Accommodation includes a welcoming living/dining area, contemporary kitchen with gas cooking & dishwasher, bright bathroom and two bedrooms - both with built-in storage. Also offered are ducted heating, laundry with rear access, Baltic pine floors, garage plus extra parking.

In a neighbourhood brimming with fabulous schooling options, the villa is a leisurely stroll to the many attractions of Mentone village including fine dining, great coffee, specialty shops and the station. Well suited to discerning downsizers and busy professionals, it is also sure to offer immense appeal to young home buyers and astute investors looking for that perfect stress-free slice of beachside Mentone!
For all enquiries please contact Andrew Plousi 0411 799 023 Hodges Mentone/Chelsea.

Property History for 1/5 Palermo St, Mentone, VIC 3194

A timeline of how this property has performed in the market
Last Sold
$860,000
27 Feb 2021
Listed for Rent
$400/w
22 Nov 2017
  • 27 Feb 2021
    Sold for $860,000
  • 02 Feb 2021
    Listed for Sale AUCTION SATURDAY AT 2.00PM
  • 27 Oct 2017
    Listed for Rent - Price not available
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About Mentone 3194

The size of Mentone is approximately 4.5 square kilometres. It has 13 parks covering nearly 5.9% of total area. The population of Mentone in 2016 was 12965 people. By 2021 the population was 13197 showing a population growth of 1.8% in the area during that time. The predominant age group in Mentone is 40-49 years. Households in Mentone are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mentone work in a professional occupation.In 2021, 65.60% of the homes in Mentone were owner-occupied compared with 62.90% in 2016.

Mentone has 8,010 properties. Over the last 5 years, Houses in Mentone have seen a 12.99% increase in median value, while Units have seen a 7.61% increase. As at 31 March 2026:

  • The median value for Houses in Mentone is $1,491,143 while the median value for Units is $704,670.
  • Houses have a median rent of $770 while Units have a median rent of $550.
There are currently 22 properties listed for sale, and 5 properties listed for rent in Mentone on OnTheHouse. According to Cotality's data, 403 properties were sold in the past 12 months in Mentone.

Suburb Insights for Mentone 3194

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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.