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13 Iris Street, Dromana VIC 3936

$1,125,000 - $1,225,000

Search Band Search Visibility Band

$1.13M - $1.18M Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 3 Baths 3 Cars 604 m²

Listed: 8 days ago

Overview

This compelling property at 13 Iris Street, Dromana presents a valuable two-in-one configuration combining a modern double-storey residence and a self-contained garden studio, ideal for multigenerational living or as an investment opportunity with existing tenants until March 2027.

Privately enclosed behind secure fencing with an electric gate, the home benefits from stunning bay views, particularly from the upper-level living space that includes a large, partially-covered front balcony designed for alfresco dining and relaxation while enjoying sunsets over the water. The split-level design optimizes living areas, with the upper floor offering a lounge/dining room equipped with reverse cycle air conditioning and a contemporary kitchen featuring a central island, walk-in pantry, high-end appliances like a 900mm oven and Bosch dishwasher, all facilitating a functional yet inviting space for everyday life and entertaining.

The expansive main bedroom, also upstairs, provides comfort with a walk-in robe and ensuite bathroom. The ground floor complements with an additional living room enhanced by built-in cabinetry, two bedrooms with robes, laundry with garden access, a bathroom, and a separate toilet, making the layout practical for families or shared living.

Outdoors, the fully enclosed backyard offers a private and verdant setting, featuring a covered terrace and play equipment, delivering both safe play areas for children and relaxing retreat spaces. The garden studio enhances the property's versatility with its own living area, kitchen, mezzanine sleeping area, and stylish bathroom, suitable for rental income or extended family accommodation.

The property further includes conveniences such as instantaneous hot water service, a single garage, double carport, and ample off-street parking, addressing storage and vehicle needs effectively.

Overall, 13 Iris Street caters well to investors seeking immediate rental returns or families needing flexible multi-dwelling living, combining lifestyle appeal, functional layouts, and strong location benefits close to shops, schools, and beaches.

Local Market Insights

In Dromana, Quiet Listings observed 35 new houses entering the market over the last 30 days, up from 32 during the previous 30-day period, with an average advertised asking price of $1,250,429. The property type mix of listed properties is predominantly Houses at 70%, followed by townhouses (12%), and land (10%). The most active agency for houses in the Dromana area is currently Belle Property, representing 31% of new listings, followed by The Agency with 14%. 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.