5 Banksia GroveMount Martha VIC 3934
Property Details for 5 Banksia Gr, Mount Martha
5 Banksia Gr, Mount Martha is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1990. The property has a land size of 2098m2 and floor size of 142m2. While the property is not currently for sale or for rent, it was last sold in November 2024.
Last Listing description (April 2026)
Nestled in a peaceful enclave where coastal-meets-country, moments from Mount Martha Primary School and a brisk walk to Mount Martha Village and South Beach. Situated between Fairbairn Nature Reserve and Hearn Creek Reserve, this beautiful brick home effortlessly blends with its natural surroundings, creating a serene retreat that balances a rural tranquility with the allure of South Beach living.
Positioned on a generous 2097sqm block, this home is designed for family living, offering 3 bedrooms, two bathrooms and multiple indoor and outdoor living zones. Live in as-is or re-develop into an expansive dual home site. With all groundwork meticulously laid out, the property comes with endorsed plans, permits, and engineering, all complete and ready for you to build this exclusive development opportunity.
Key features include:
- Expansive open-plan living area flooded with natural light,
- U-Shaped kitchen equipped with stone benchtops, induction cooktop and ample storage
- Living area with open fireplace plus a secluded rumpus
- Expansive covered entertainers deck overlooking sprawling lawns, play area and established veggie gardens
- Firepit with custom bluestone sitting area
- Main bedroom with mirrored built-in robes and ensuite
- Two further bedrooms with built-in robes, serviced by a family bathroom
- Solar power system
- Ducted heating throughout
- Double carport and extensive under-house storage
- Endorsed plans for two separate dwellings (available upon request)
- New planning permit secured, offering the option to extend the home with approved plans
Property History for 5 Banksia Gr, Mount Martha, VIC 3934
- 13 Mar 2026Listed for Sale $1,950,000 - $2,100,000
- 13 Nov 2024Sold for $1,850,000
- 24 Oct 2024Listed for Sale $1,895,000 - $2,080,000
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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 9,684 properties. Over the last 5 years, Houses in Mount Martha have seen a 10.77% increase in median value, while Units have seen a 14.53% increase. As at 31 March 2026:
- The median value for Houses in Mount Martha is $1,473,290 while the median value for Units is $855,759.
- Houses have a median rent of $840 while Units have a median rent of $635.
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