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255-257 Craigie Road, Mount Martha$4.09m
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255-257 Craigie Road

Mount Martha, VIC 3934, Australia
$3.90m – $4.29m
7 bed 3 bath 10 car2.02 ha

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About this property

A rare convergence of country life and suburban convenience, or a developer's dream within one of the Mornington Peninsula's much loved seaside towns, this 5 acre (approx.) property offers the ultimate chance to enjoy the best of both worlds or an opening for a developer to subdivide (STCA) in this semi-rural hot spot. On the fringe of Mt Martha's residential area, alongside prestigious small acreages, the property with Low Density Residential zoning presents potential for a 3-lot subdivision (STCA) and the possibility to rezone to Greater Residential Zone 1 (STCA) just moments from Mt Martha beaches, The Briars, village shops, Bentons Square shops and schools. Released for the first time in more than 70 years, on offer are two homes on the site along with extensive garaging and shedding, four paddocks, a fruit orchard with apples, pears, apricots, peaches, nectarines and a small botanical garden beside the homes featuring majestic golden elms. Once part of a dairy farm that graced 40 acres of land off Craigie Rd, the property also includes the original concreted milking sheds as well as a large chicken enclosure and pens, while a paddock laneway and a widened entry off Craigie Rd will appeal to those with horses and live stock. Providing high appeal constructed of sand block, the main residence boasts three living areas including a home theatre and a billiards room, a large kitchen with a full suite of quality Kleenmaid appliances, while sliding doors allow a lovely flow out to a sunny north west-facing alfresco terrace. A luxurious main bedroom has a spa ensuite and walk-in robe, the children's wing is serviced by a family bathroom, while the double remote-controlled garage has direct access into the home. Once the original home on the farm, a 1950s timber home also on the property is in need of some repairs, featuring generously proportioned rooms, large lounge, sunroom, bathroom with corner spa, hardwood floors beneath carpet and an outdoor jacuzzi. On a development belt moments from freeway access providing an easy trip into the city, this is a prime buying opportunity. Homes and Acreage is proud to be offering this property for sale To arrange an inspection or for further information, please contact the office on 1300 077 557 or office@homesacreage.com.au Features: 5 acre property with 2 homes 4 paddocks with laneway 4 bay shed can house 6 vehicles Large machinery shed & workshop Well established fruit orchard Small botanical garden Large chicken enclosure Original milking sheds 3 large water tanks Main residence 4 bedrooms, 2 bathrooms Billiards room with bar Open plan family room Home theatre with surround sound Dining room with serene garden outlook Gas cooktop, wall oven, dishwasher North-west facing alfresco terrace Spa ensuite & walk-in robe Ducted heating, evaporative cooling Internal access to double remote garage Original cottage 3 large bedrooms Lounge with decorative stone fireplace Open kitchen with electric cooktop Family room with wood heater Sunroom Outdoor jacuzzi Bathroom with shower and spa Reverse-cycle airconditioner *Artist impressions of Lot 1 (2.5 Acres) and Lot 2 (2.5 Acres) are provided for illustrative purposes and are subject to council approval for subdivision.*

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
7
Bathrooms
3
Parking
10
Land Area
2.02 ha
Listed
3 months ago

Repayment calculator

$19,852/month
$9,926 /fortnight
Loan $3,276,000 at 6.10% over 30 years

Upfront costs

Deposit$819,000
Stamp duty$246,175
Conveyancing (est.)$2,000
Total upfront$1,067,175
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Mount Martha

This 7-bedroom house in Mount Martha, VIC 3934 sits within reach of public transport, and nearby schools. It is listed 264% above the $1.13m median of 61 comparable houseswithin 5 km.

Schools near Mount Martha

  • Balcombe Grammar Schoolcombined · Prep-12 · CoEd
  • Mount Martha Primary Schoolprimary · Prep-6 · CoEd
  • Osborne Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Latrobe Dr/Bay Rd (bus)3.0 km away
  • The Briars Park1.4 km away
  • Greenlaw Reserve3.2 km away
  • Walara Reserve3.7 km away

Mount Martha at a glance

Full suburb profile
Population
19,846
Median age
46
Household income
$2,097/wk
Median rent
$496/wk
Median mortgage
$2,167/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Mount Martha price trend

Median sold · House 4 bed

Compound growth -2.2% / yr over 4 yrs

$1.60mcurrent median

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Within 5km

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