Back 46 Coleus Street
Off Market

46 Coleus Street

Dromana VIC 3936

3
2
2
604 m²
House
Last sold for $720,000
Grant McConnellGrant McConnell, last sold this property on 19 October 2025 after 79 days on market.

Overview

Unlock the Potential with Endorsed Plans & Permits for 2 Designer Townhouses

With endorsed plans and permits already in place to build two double-storey townhouses, each with its own pool. This prime bayside property offers an exceptional opportunity for developers, builders, or savvy investors. Adding to the appeal, a demolition permit has also been approved, and the site is ready for the building permit to be issued as soon as a builder is appointed, saving valuable time and streamlining the path to construction. Set on a generous block with bay views, the existing home has been partially updated with a modernised kitchen and bathrooms. For those not ready to build, there's still potential to renovate further and create a relaxed coastal escape. Whether you proceed with the approved development or continue enhancing the current home, the location is a standout, just moments from the beach, shops, cafes and all that Dromana has to offer. - The current sun-drenched home is updated inside with fresh white decor - Upstairs living/dining and covered balcony, enjoy bay views throughout - Chic new kitchen with built-in Technika oven and ceramic cooktop - Main bedroom with robe and ensuite, and 2 bedrooms with robes - 3 bedrooms, 2 with robes including the main bedroom with new ensuite - New ground floor shower room and toilet, plus laundry facilities - Single garage and single carport entrance plus level front garden - Large back garden with lemon tree, offers space to extend (STCA) - Plans for 2 double storey homes with 4BRs, 3bath, dual living, and pool - About 20mins walk to the beach, multiple cafés, shops, and Dromana Hub - Close to the Dromana bike tracks and 7 Minutes to Red Hill wineries

Features

3 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
604 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Dromana over the last 12 months, the estimated median property value of 46 Coleus Street is $885k.

Median value
$885k
Estimated value range
$660k - $2.2m
Median days on market
34
Estimated value trend
-4%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Dromana. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 46 Coleus Street

2025
Sold
$720,000
19 Oct 2025 by Grant McConnell, of Belle Property Dromana/Rosebud
2024
Rented
Undisclosed
Leased on 03 May 2024 by Belle Property Dromana/Rosebud
2023
Sold
$765,000
Private Sale/Treaty on 29 Mar 2023 by Sam Austen, of GRANGER Estate Agents

Happy sellers in Dromana

67%
67% of sellers in Dromana reported that their sale price either exceeded or met their price expectations.

Dromana stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 29 reviews in Dromana over the last 12 months.

Local market activity for 3 bedroom houses in Dromana

In the last 12 months, 76 three-bedroom houses similar to 46 Coleus Street, have been sold.

This represents a 11% increase in three-bedroom houses sales when compared to the previous 12 months.

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