2/7 Palermo Street, Mentone, VIC 3194 | Property Value & History | OnTheHouse
OFF MARKET

2/7 Palermo Street
Mentone VIC 3194

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 67m2
Land area: 93m2
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Property Details for 2/7 Palermo St, Mentone

2/7 Palermo St, Mentone is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1986. The property has a land size of 93m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in September 2016.

Building Type
Unit
Year Built
1986
Floor Size
67m2
Land Size
93m2
Local Government
Kingston
Lot/Plan
2/RP3522

Last Listing description (May 2021)

This well maintained villa unit is beautifully presented, polished floors throughout. Light filled lounge (r/c split system), flowing to the renovated kitchen (electric cook top) and plenty of storage. The two bedrooms both feature large BIRs with access to the main bathroom (separate bath and shower) with a separate toilet too! Low maintenance private rear courtyard and under cover parking for one car. Don't miss the opportunity to inspect this gem! Perfectly located in the heart of Mentone, a short walk to schools shops, public transport and the beach.

Property History for 2/7 Palermo St, Mentone, VIC 3194

A timeline of how this property has performed in the market
Last Sold
$535,000
22 Sep 2016
Listed for Rent
$390/w
28 May 2021
  • 17 Mar 2021
    Listed for Rent $390 / week
  • 07 Jan 2020
    Listed for Rent $380 / week
  • 13 Jun 2019
    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 27 properties listed for sale, and 8 properties listed for rent in Mentone on OnTheHouse. According to Cotality's data, 400 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.