4/3-5 Leicester Avenue, Mount Eliza, VIC 3930 | Property Value & History | OnTheHouse
FOR SALE

4/3-5 Leicester Avenue
Mount Eliza VIC 3930

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 104m2
Land area: 149m2
This property is currently on the market
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Property Details for 4/3-5 Leicester Ave, Mount Eliza

4/3-5 Leicester Ave, Mount Eliza is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 149m2 and floor size of 104m2.This Property is currently listed for sale with Coastal Agents

Building Type
Unit
Year Built
1970
Floor Size
104m2
Land Size
149m2
Local Government
Mornington Peninsula
Lot/Plan
4/RP9207

Last Listing description (June 2026)

Perfectly positioned in one of Mount Eliza's most sought-after pockets, this beautiful three-bedroom unit offers the ideal blend of low-maintenance living and exceptional convenience, just a short stroll from the vibrant Mount Eliza Village.

Freshly painted throughout and featuring rejuvenated hardwood floors, the home presents beautifully and is ready to enjoy. The practical floorplan includes three bedrooms, a central bathroom, light-filled living spaces, and the comfort of easy single-level living.

Whether you're looking to downsize or seeking a smart investment in a tightly held market, this property delivers on both fronts. Enjoy the freedom of leaving the car at home and walking to boutique shops, cafs, restaurants, supermarkets, medical services, and all the amenities that make Mount Eliza Village such a desirable destination.

Investors will also appreciate the strong rental appeal, with an estimated rental return of approximately $600-$640 per week, driven by the property's prime location and move-in-ready presentation.

Features include:
Three bedrooms
Central bathroom
Freshly painted throughout
Beautifully rejuvenated hardwood floors
Low-maintenance living
Walking distance to Mount Eliza Village
Ideal for downsizers, investors, or first-home buyers
Estimated rental return of approximately $600-$640 per week

An outstanding opportunity to secure a quality home in a premium village-side location.

Disclaimer:
In preparing this information, Coastal Agents has relied in good faith upon information provided by third parties and has made best endeavours to ensure that the information is accurate. However, the accuracy of the information provided to you (whether written or verbal) cannot be totally guaranteed. If you are considering the purchase of this property, please make all necessary enquiries to satisfy yourself that all information is accurate.

Property History for 4/3-5 Leicester Ave, Mount Eliza, VIC 3930

A timeline of how this property has performed in the market
Last Sold
$235,000
29 Dec 2003
Listed for Rent
$430/w
30 May 2023
  • 19 Jun 2026
    Listed for Sale $600,000 - $660,000
  • 18 Apr 2023
    Listed for Rent $430 / week
  • 29 Aug 2022
    Listed for Rent $430 / week
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About Mount Eliza 3930

The size of Mount Eliza is approximately 23.4 square kilometres. There are 46 parks, covering nearly 8.9% of the total area. The population of Mount Eliza in 2016 was 17888 people. By 2021 the population was 18734 showing a population growth of 4.7% in the area during that time. The predominant age group in Mount Eliza is 10-19 years. Households in Mount Eliza are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mount Eliza work in a professional occupation.In 2021, 89.60% of the homes in Mount Eliza were owner-occupied compared with 88.00% in 2016.

Mount Eliza has 7,892 properties. Over the last 5 years, Houses in Mount Eliza have seen a -0.16% decrease in median value, while Units have seen a 23.70% increase. As at 31 May 2026:

  • The median value for Houses in Mount Eliza is $1,679,052 while the median value for Units is $786,192.
  • Houses have a median rent of $1,050 while Units have a median rent of $570.
There are currently 43 properties listed for sale, and 1 property listed for rent in Mount eliza on OnTheHouse. According to Cotality's data, 360 properties were sold in the past 12 months in Mount eliza.

Suburb Insights for Mount Eliza 3930

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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.