5/21 Palermo Street, Mentone, VIC 3194 | Property Value & History | OnTheHouse
OFF MARKET

5/21 Palermo Street
Mentone VIC 3194

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
Land area: 1146m2
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Property Details for 5/21 Palermo St, Mentone

5/21 Palermo St, Mentone is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1146m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in December 2000.

Building Type
Unit
Year Built
1970
Floor Size
52m2
Land Size
1146m2
Local Government
Kingston
Lot/Plan
5/RP479

Last Listing description (July 2014)

Large single unit, moments to the beach
Supersized spaces and sizeable potential come together in this sensational single bedroom courtyard unit. Just 200 metres from the bay and three blocks from the station and shops, this single bedroom home goes above and beyond usual one bedroom accommodation with the indoor and outdoor space you'd normally expect of a two bedroom unit!
Stretch out in a great big lounge, cook up a storm in the large kitchen, then step through the full separate laundry to find a generous north-westerly courtyard catching all-day sun. With a genuine double bedroom and a full bathroom zoned together in a quiet wing to complete the floorplan, this well proportioned home has great spaces all around including great outdoors!

Offered in very rentable condition with air conditioners for living and the bedroom, mirrored robes, and a carport under the roofline, this inviting property is offered with the prospect of retaining an excellent long term tenant and the promise of value-adding potential with just a little elbow grease. Paint, polish and green up the garden or go all the way with upgraded amenities.
However much work you want to put in, this super spacious single bedroom unit is ready to capitalise on its sea breeze position!

Property History for 5/21 Palermo St, Mentone, VIC 3194

A timeline of how this property has performed in the market
Last Sold
$130,000
22 Dec 2000
  • 01 Jul 2014
    Listed for Sale $240K - $260K
  • 22 Dec 2000
    Sold for $130,000
  • 01 Apr 1986
    Sold for $48,500
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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.
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.