Back 54 Lombardy Ave
Off Market

54 Lombardy Ave

Dromana VIC 3936

3
1
2
450 m²
House
Last sold for $695,000
Terry BurgoyneTerry Burgoyne, last sold this property on 20 December 2025 after 87 days on market.

Overview

Plans, working drawings and permits in place. Start building straight away.

Positioned in a highly sought-after Dromana pocket, this exceptional property presents a rare dual opportunity: an approved development site with plans , working drawings and permits for two architect-designed homes ready to go, plus the existing residence that offers immediate income or comfortable accommodation if you decide to sit and wait. All the groundwork has been completed including a stormwater retention system, underground electricity, water, and NBN run to both unit sites, as well as full working drawings and all relevant documentation. All that remains is to engage a building surveyor, making this a truly turnkey development opportunity. Adding to the flexibility, the current dwelling is currently leased at $380 per week. Solid and functional, it offers comfortable living for those wishing to occupy or holiday-let, or a steady rental return for investors planning their next move. Just moments from Dromana's sparkling foreshore, boutique cafés, restaurants, shops, and easy freeway access, the address offers more than just convenience-it delivers the quintessential Peninsula lifestyle. You can enjoy morning coffee and breakfast walks to the Boundary Road cafes and shops, or along the beach, relaxed afternoons at nearby wineries, and the vibrant village atmosphere that makes Dromana so desirable. Opportunities like this-with approved permits, premium location, completed site works, and an existing rental home-are increasingly rare. Secure it today and capitalise on Dromana's thriving property market.

Features

3 bedrooms
1 bathroom
2 carspaces
450 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 54 Lombardy Ave 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 54 Lombardy Ave

2025
Sold
$695,000
Private Sale/Treaty on 20 Dec 2025 by Terry Burgoyne, of Barry Plant Dromana
2020
Sold
$680,000
13 Feb 2020 by Linda Wooley, of MJ ROSS & CO
2017
Rented
Undisclosed
Leased on 14 Dec 2017 by MJ ROSS & CO

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 54 Lombardy Ave, have been sold.

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

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