46 Ellerina RoadMount Martha VIC 3934
Property Details for 46 Ellerina Rd, Mount Martha
46 Ellerina Rd, Mount Martha is a 5 bedroom, 4 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 3551m2 and floor size of 431m2. While the property is not currently for sale or for rent, it was last sold in November 2024.
Last Listing description (November 2024)
Resting on a substantial 3,550 sqm (approx) parcel in a peaceful enclave of Mount Martha, this mid-century, double-brick home offers an unmatched opportunity for developers or renovators seeking a property with limitless potential. Capturing westerly views that stretch over Port Phillip Bay, the dual-level layout comprises of four-bedrooms, three-bathrooms and heralds a vibrant era of original charm.
The top floor features high ceilings that house a timeless corner kitchen, dining area and formal living room, where a grand open fireplace draws the eye. A balcony is elevated to offer a vantage point for the sweeping bay vistas and gentle sea breeze. Parquetry flooring, exposed brick accents, and vintage elements further define the home's character, while the master suite showcases a walk-in robe, ensuite, and wallpaper that adds a nostalgic flair.
Downstairs, the layout is more intricate. The ground floor includes a three-car garage, and a private sauna and spa, adding a touch of luxury to the potential renovation. The bold architecture, complemented by a circular driveway, makes this standout residence ideally suited to those with a vision to modernise and capitalise on its full potential.
For developers, the expansive land lures a compelling opportunity for subdivision (STCA), with the potential for three separate lots. Positioned near Martha Cove Marina, Mt Martha Village, Balcombe Grammar School, Mount Martha Golf Course, and The Briars, this property is a foundation for a lifestyle of seaside enjoyment in one of the Mornington Peninsula's most sought-after pockets.
Property History for 46 Ellerina Rd, Mount Martha, VIC 3934
- 12 Nov 2024Sold for $2,350,000
- 06 Oct 2024Listed for Sale $2,000,000 - $2,200,000
- 03 Aug 1992Sold for $370,000
Recent sales nearby
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About Mount Martha 3934
The size of Mount Martha is approximately 30.3 square kilometres. It has 43 parks covering nearly 11.5% of total area. The population of Mount Martha in 2016 was 18548 people. By 2021 the population was 19846 showing a population growth of 7.0% in the area during that time. The predominant age group in Mount Martha is 10-19 years. Households in Mount Martha are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Martha work in a professional occupation.In 2021, 84.20% of the homes in Mount Martha were owner-occupied compared with 82.40% in 2016.
Mount Martha has 9,686 properties. Over the last 5 years, Houses in Mount Martha have seen a 6.10% increase in median value, while Units have seen a 10.72% increase. As at 30 April 2026:
- The median value for Houses in Mount Martha is $1,459,176 while the median value for Units is $840,028.
- Houses have a median rent of $850 while Units have a median rent of $650.
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