39 Codrington Street, Dromana VIC 3936

There 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:
*The information contained herein has been prepared in good faith and is believed to be accurate at the time of publication. However, no representation or warranty is made as to its accuracy, completeness or reliability, and no responsibility is accepted for any errors, omissions or inaccuracies. Prospective purchasers are advised to make their own enquiries and undertake independent due diligence to satisfy themselves as to all relevant details, including dimensions, measurements, building size, floor plans, land details and zoning.
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