203 Nepean Highway, Mentone, VIC 3194 | Property Value & History | OnTheHouse
FOR SALE

203 Nepean Highway
Mentone VIC 3194

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 785m2
This property is currently on the market
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Property Details for 203 Nepean Hwy, Mentone

Building Type
Land
Land Size
785m2
Local Government
Kingston
Lot/Plan
20/LP13355

Last Listing description (September 2025)

This is a rare opportunity to acquire a Town Planning approved mixed-use development site in one of South East Melbourne's most sought-after locations. The current permit allows for the construction of 22 stylish apartments, including 18 two-bedroom residences, two one-bedroom plus study apartments, and two one-bedroom apartments, all complemented by a ground-floor retail or showroom component. Spanning approximately 785m of prime land and occupying a prominent corner position, the site offers exceptional street exposure and easy access, enhancing its appeal for both residential and commercial uses. Conveniently located close to Southland Shopping Centre, Woolworths, the train station, and the beach, the property is perfectly positioned to meet the growing demand for quality South Eastern living. With the permit already in place, developers can take advantage of a genuine speed-to-market opportunity and bring this vibrant project to life with confidence.

Disclaimer:
The information contained in this report has been provided to us and is intended as a general guide only. While every effort has been made to ensure accuracy, no responsibility is accepted and all liability is disclaimed for any errors, omissions, inaccuracies, or misstatements. This material is provided for reference purposes only and does not constitute representation by the Agent or Owner. Prospective purchasers are strongly advised to conduct their own enquiries and due diligence to verify all information prior to making any decisions.

Property History for 203 Nepean Hwy, Mentone, VIC 3194

A timeline of how this property has performed in the market
Last Sold
$1,807,300
24 Jun 2016
Listed for Rent
$1.73k/w
18 Apr 2014
  • 28 Aug 2025
    Listed for Sale $2,000,000-$2,200,000
  • 10 Apr 2025
    Listed for Sale $2,000,000-$2,200,000
  • 09 Mar 2023
    Listed for Sale Contact Agent
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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 8,011 properties. Over the last 5 years, Houses in Mentone have seen a 26.46% increase in median value, while Units have seen a 13.38% increase. As at 31 January 2026:

  • The median value for Houses in Mentone is $1,520,804 while the median value for Units is $700,630.
  • Houses have a median rent of $695 while Units have a median rent of $550.
There are currently 28 properties listed for sale, and 5 properties listed for rent in Mentone on OnTheHouse. According to Cotality's data, 420 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.