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VIC › Dromana › Charles St

7 Charles St, Dromana VIC 3936

For saleHouse for Sale

$2,395,000–$2,595,000

For sale

Asking range

5

Bedrooms

4

Bathrooms

4

Car spaces

663 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $2,395,000–$2,595,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $2,395,000–$2,595,000(Listing record · 12 June 2026)
  • FactLand 663 m²; no building size recorded.(Property record)
  • CalculationAsk is 166% above the Dromana median recorded sale ($900,000, n=88, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Dromana's advertised median rent ($617/wk), implied gross yield would be 1.34% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$2,395,000–$2,595,000

Asking range · $3,612/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.

See the full Dromana report →

Vs Dromana

+166.1%

Median sale

Suburb $900,000

-2.22 pp

Gross yield

Suburb 3.56%

Suburb median $900,000 from 88 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$2,395,000
Stamp Duty (Victoria)
$135,675
Transfer/Registration Fee
$3,614
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$2,537,989

$142,989 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Dromana's advertised median rent — not a rent for this listing.

Net yield
-0.16%
Annual cashflow (pre-tax)
$-128,381
Interest cover (DSCR)
-0.03
Annual rent
$32,084
Operating expenses
$35,925
Loan amount
$1,916,000
Annual interest
$124,540
Gross yield
1.34%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$2,395,000–$2,595,000available12 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.3%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Dromana in one glance

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.

See the full Dromana report →

Keep researching

  • Why Dromana? Read the area thesis →
  • What else is on the market in Dromana →
  • Other records on Charles St →

Listing material

Listed by YPA Dromana

BRAND NEW COASTAL LUXURY RESIDENCE ON A GENEROUS BEACHSIDE ALLOTMENT

A statement of luxury, sophistication and coastal living, this brand-new, custom designed residence delivers an exceptional lifestyle opportunity just an approx. 3-minute walk from the beach. Positioned on a full-sized allotment rather than a narrow townhouse-style setting, this remarkable residence combines premium finishes, generous proportions and genuine outdoor space in one of the Peninsula's most desirable beachside locations. Point Nepean Road, with its cafés, restaurants, shopping and everyday conveniences, begins just around the corner, allowing you to enjoy everything this sought-after coastal lifestyle has to offer within easy walking distance.

Designed to accommodate larger families, holiday-makers and guests in absolute comfort, the home offers five spacious bedrooms, luxurious master suites on both levels, four designer bathrooms and expansive indoor and outdoor living spaces. Large windows throughout flood the home with natural light, while the stunning kitchen, open-plan living and dining areas, and undercover entertaining zone all overlook the backyard, creating a seamless connection between indoor and outdoor living.

FEATURES INCLUDE:

Read the full description

• BRAND NEW & LUXURY Residence under full builder warranty

• Rare FULL-SIZED ALLOTMENT offering space, privacy and flexibility

• Five generous bedrooms, all with fitted walk-in robes

• Luxurious master suites on both levels with walk-in robes and private ensuites

• Four designer bathrooms with floor-to-ceiling tiling

• Dedicated extra bathroom adjoining the mudroom and garage entry, perfect for rinsing off after a day on the sand

• Spectacular designer kitchen featuring premium Smeg appliances

• Enormous butler's pantry with storage and preparation space that rivals many commercial kitchens

• Wide island bench with breakfast bar

• 40mm Caesar-stone benchtops throughout, including the laundry

• Soft-closing doors and drawers throughout

• Plumbed refrigerator space

• Powered appliance cupboard designed for a future coffee station

• Expansive open-plan living and dining area overlooking the landscaped backyard

• Large undercover alfresco entertaining area flowing directly from the main living spaces

• Light-filled interiors enhanced by large windows throughout

• Double-glazed windows throughout

• Contemporary square-set ceilings creating clean architectural lines and enhancing the home's luxurious modern design

• 2740mm ceilings to the ground floor and 2590mm ceilings upstairs

• 2340mm high internal doors to both levels

• Ducted reverse-cycle heating & cooling

• Alarm system & video intercom

• Professionally landscaped gardens with automated irrigation system

• Generous backyard with room for children, pets or a future swimming pool

• Side access for additional vehicles, boat, caravan, trailer or other recreational toys

• Dedicated wash-down area for boating and beach activities

• Plumbing & drainage provisions for a future external hot & cold shower

• Powder-coated aluminium side swing gates

• Oversized double garage with excellent storage space

Whether you are searching for a luxurious permanent residence, an impressive holiday home where family and friends can gather in comfort, or a premium investment capable of generating strong holiday rental returns, this exceptional property delivers a lifestyle that is simply hard to replicate. Combining luxury, space and a highly sought-after full block setting just moments from the beach, this is a rare opportunity to secure a home that truly stands apart from the rest.

INSPECTION BY PRIVATE APPOINTMENT - PLEASE CALL TO BOOK

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.

Property features

  • Ensuites: 2
  • Living Areas: 3
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.