CHARACTER, SPACE & LIFESTYLE - BAY VIEW DEVELOPMENT POTENTIAL

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39 Codrington Street, Dromana VIC 3936

$1,295,000

Search Band Search Visibility Band

$1.3M - $1.36M Transparent Transparent Listing Based on an openly advertised listing price.

House 5 Beds 2 Baths 1 Car 951 m²

Listed: 25th Jul 2026

Updated: 56 days ago

Overview

Positioned in the serene and leafy enclave of Old Dromana, this weatherboard residence skillfully blends classic character with contemporary comforts, delivering an expansive home ripe with lifestyle appeal and future potential. The property stands just a short walk from local highlights including Dromana Park, the Visitor Information Centre, Community Hall, and the beach, fostering a car-free, community-focused living experience.

The sizeable and adaptable floorplan provides generous indoor and outdoor living spaces, perfect for families or those who relish entertaining. The home features five well-proportioned bedrooms, anchored by a master suite at the front complete with an ensuite and a walk-in robe, enhancing privacy and convenience. The family bathroom boasts a spa bath and separate toilet facilities, catering to practical household needs.

A modern kitchen is thoughtfully appointed with stainless steel appliances, an island bench and breakfast bar that create a central hub for daily living and social interaction. Warm timber floorboards extend through main living areas and the master bedroom, complemented by carpeted secondary bedrooms for a cozy feel. Climate comfort is assured with ducted heating, evaporative cooling, and a welcoming open fireplace.

Outdoor living is a standout feature with an extensive decking area perfect for gathering family and friends, alongside a dedicated fire pit space adding ambiance and versatility to alfresco experiences. Additional amenities include a timber shed and a cubby house, as well as abundant storage solutions throughout the home.

Previously operated successfully as an AirBnB, the property presents immediate income potential and versatility, whether as a permanent residence, holiday retreat, or investment. The block's substantial size and zoning open prospects for development, with potential bay views from a future double-storey construction and scope for subdivision into a three-unit site subject to council approval.

This residence represents a rare opportunity in a highly sought after pocket of Dromana, combining lifestyle, flexibility, and future value in one substantial package.

Local Market Insights

In Dromana, Quiet Listings observed 36 new houses entering the market over the last 30 days, up from 31 during the previous 30-day period, with an average advertised asking price of $1,475,681. The property type mix of listed properties is predominantly Houses at 72%, followed by units (10%), and land (8%). The most active agency for houses in the Dromana area is currently Belle Property, representing 25% of new listings, followed by Your Property Agent with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.