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91 Palmerston Avenue, Dromana$680,000
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Soldhouse

91 Palmerston Avenue

Dromana, VIC 3936, Australia
$680,000
4 bed 2 bath 1 car604 m²

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About this property

Set on approximately 604 m² of established, private gardens, this versatile property presents an outstanding opportunity for families, investors or those seeking dual-occupancy flexibility in a prime beachside pocket. With a well-proportioned three-bedroom residence at the front and a fully self-contained bungalow at the rear, the options here are as appealing as the location itself. Approx. 604 m² allotment with established gardens providing privacy MAIN HOUSE: Main residence comprising three generous bedrooms, all with built in robes Multiple living areas offering flexibility for growing families or work from home arrangements Spacious kitchen with excellent bench space and a large separate walk-in pantry Modernised central family bathroom servicing the main home Front and side decks, accessible from both living zones, creating seamless indoor-outdoor flow Split system heating & cooling plus Coonara wood heater in the main living area Ceiling fans in the bedrooms Solar system THE REAR BUNGALOW OFFERS IDEAL INDEPENDENT ACCOMMODATION: Generous living area and kitchen Separate bedroom with built in robe Ensuite bathroom Beautiful north facing porch capturing natural light Currently returning $1,434 per month LOCATION: Easy walking distance to Mary Street and the school bus stop Leisurely stroll to the beach and the Dromana retail strip Close to the Boundary Road shopping strip Near Hillside Community Park with access to the hiking- and BMX trails within Arthurs Seat State Park POTENTIAL: Live in the front home while receiving rental income of currently $1,434 per month from the rear bungalow Improve and add value to the main residence Explore full site redevelopment potential STCA Flexible dual occupancy opportunity in a highly convenient Dromana location Lease both dwellings estimated current rental return of approximately $520 per week for the front home plus $1,434 per month for the bungalow. This equates to a possible combined rental return of approximately $44,248 per annum including outgoings. INSPECT AS ADVERTISED OR BY APPOINTMENT Disclaimer: *All measurements are approximate. All information provided is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence and seek independent professional advice. **Photo ID is required at all Open Homes. View our complete privacy policy at: ypa.au/privacy

Property Details

Property Type
house
Listing Type
Sold
Bedrooms
4
Bathrooms
2
Parking
1
Land Area
604 m²
Listed
3 months ago

Repayment calculator

$3,297/month
$1,648 /fortnight
Loan $544,000 at 6.10% over 30 years

Upfront costs

Deposit$136,000
Stamp duty$35,870
Conveyancing (est.)$2,000
Total upfront$173,870
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 Dromana

This 4-bedroom house in Dromana, VIC 3936 sits within reach of public transport, local shops and nearby schools. It is listed 18% below the $827,500 median of 63 comparable houseswithin 5 km.

Schools near Dromana

  • Dromana Primary Schoolprimary · Prep-6 · CoEd
  • Dromana Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Nepean Highway/Dromana Parade (bus)824 m away
  • Rock and Redgum718 m away
  • Catalina Avenue Reserve348 m away
  • Unnamed623 m away
  • Unnamed744 m away

Dromana at a glance

Full suburb profile
Population
6,626
Median age
50
Household income
$1,304/wk
Median rent
$380/wk
Median mortgage
$1,781/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Dromana price trend

Median sold · House 4 bed

Compound growth -3.9% / yr over 4 yrs

$1.18mcurrent median

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