Dromana at a glance
7,490
People
$900,000
Median sale
$617/wk
Median rent
3.56%
Suburb gross yield
Median sale from 88 recorded sales (last 12 months) — a Districts calculation.
VIC › Dromana › Codrington St
$1,295,000
For sale
Asking
5
Bedrooms
2
Bathrooms
1
Car spaces
951 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$1,295,000
Asking · $1,362/m² of land
No recorded sale for this property.
Dromana at a glance
7,490
People
$900,000
Median sale
$617/wk
Median rent
3.56%
Suburb gross yield
Median sale from 88 recorded sales (last 12 months) — a Districts calculation.
Vs Dromana
+43.9%
Median sale
Suburb $900,000
-1.08 pp
Gross yield
Suburb 3.56%
Suburb median $900,000 from 88 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$78,060 on top of the price (6.0% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Dromana's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $617/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 2.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Dromana at a glance
7,490
People
$900,000
Median sale
$617/wk
Median rent
3.56%
Suburb gross yield
Median sale from 88 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by YPA DromanaThere is something truly special about Old Dromana. Wide tree-lined streets, beautiful established homes, the beach just moments away and a wonderful sense of community create a lifestyle that is becoming increasingly difficult to find.
Set amongst the leafy surrounds of this tightly held neighbourhood, this charming weatherboard residence is a home that immediately feels warm, welcoming and relaxed. Lovingly maintained and beautifully presented, it offers generous proportions, multiple living areas and seamless indoor-outdoor entertaining, making it equally suited to growing families, holidaymakers or those simply wanting to enjoy the Peninsula lifestyle at its very best.
Currently enjoyed by the owners as a private coastal retreat while also generating EXCELLENT INCOME as a SUCCESSFUL Airbnb, this is a home that offers flexibility without compromising on comfort or character.
FEATURING:
• Spacious and versatile floorplan with expansive indoor and outdoor living areas
• Five generous bedrooms, including a beautiful front master suite with walk-in robe and ensuite
• Family bathroom complete with spa bath, separate shower and separate toilet
• Modern kitchen with stainless steel appliances, island bench and breakfast bar overlooking the living areas
• Warm timber floorboards throughout the main living spaces and master bedroom
• Comfortable carpeted bedrooms for family and guests
• Ducted heating, evaporative cooling and a cosy open fireplace for year-round comfort
• Stunning undercover entertaining deck, perfect for long summer evenings with family and friends
• Fire pit area creating the ideal space to relax under the stars
• Timber shed, cubby house and excellent storage throughout
• Beautifully established gardens providing privacy and a peaceful setting
• Proven Airbnb income with the option to continue as a successful holiday rental
• Estimated permanent rental return of approximately $775–$825 per week in the current market
From your front door, enjoy an easy stroll to the Beach, Dromana Park, the Visitor Information Centre, the Community Hall, local cafés, shops and the Bay Trail on our beautiful foreshore. Leave the car at home and embrace the relaxed coastal lifestyle that makes Old Dromana one of the Mornington Peninsula's most desirable places to call home.
ESTABLISHED SHORT-STAY ACCOMMODATION INCOME OPPORTUNITY
The property also offers an established Airbnb and Stayz/VRBO income stream, having generated an average of approx. $33,000 per annum over the past three years, with annual income consistently between $30,000 and $35,000.
The property enjoys REGULAR REPEAT BOOKINGS, including guests who return each December and January. Guest feedback is consistently positive, with the property particularly popular with families and guests attending local weddings and events.
The current owner has deliberately limited availability at certain times, including Schoolies week, and carefully screens bookings, providing potential for a new owner to increase occupancy should they wish to do so.
For buyers interested in continuing the short-stay accommodation, the owner is happy to provide a COMPREHENSIVE HANDOVER, including assistance with the existing Airbnb and Stayz/VRBO listings where transferable, as well as sharing established contacts for cleaners, laundry services and local tradespeople to help provide a smooth transition for the new owner.
CHARACTER HOMES in this location are tightly held for good reason. Offering WARMTH, SPACE, CHARM and an enviable LIFESTYLE, this is a property where lasting family memories are waiting to be made.
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
Listing description written by Elke Remscheid, YPA Dromana — reproduced as published, not verified by Districts.
Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.