4/7 Palermo StreetMentone VIC 3194
Property Details for 4/7 Palermo St, Mentone
4/7 Palermo St, Mentone is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 93m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in March 2019.
Last Listing description (May 2020)
Located to the rear of this quiet boutique block of five, you will find a smartly renovated single level unit. Location wise, 250m (approx) or, one street away from Beach Road means you can wander to the beach all summer long and take advantage of the Bay Trail along the water.
Tudor style external features give the block some definite character. Each unit includes a carport on title plus there are some additional visitors parks onsite.
Internally, there are bright white walls throughout and European Oak floorboards in the open plan living/kitchen area. Glass doors lead out to the low-maintenance private courtyard where there is room to entertain in the afternoon sun. Both bedrooms are carpeted and have built-in-robes while the central bathroom has on-trend black fittings, stand-alone shower and timber vanity.
As well as having the foreshore only a few minutes' stroll away, there are the cafes, shops and the train station also within walking distance. Zoned for Mentone Girls Secondary College plus an array of elite primary and secondary schools which are also within an easy walk.
First home buyers, downsizers or investors will find this the ultimate beachside village-edge lifestyle a brilliant future investment.
For all enquiries please contact Andrew Plousi on 0411 799 023 Hodges Mentone.
Property History for 4/7 Palermo St, Mentone, VIC 3194
- 28 Mar 2019Sold for $630,000
- 27 Feb 2019Listed for Sale UNDER CONTRACT
- 18 Mar 2014Sold for $427,500
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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.
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