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39 Codrington Street, Dromana, Vic 3936 For Sale
39 Codrington Street, Dromana, Vic 3936 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Image 39 Codrington Street, Dromana, Vic 3936-Floorplan

39 Codrington Street, Dromana, Vic 3936

$1,350,000 - $1,450,000

House
Type
5
Bedrooms
3
Bathrooms
3
Parkings
951 m²
Area

Last updated on Friday, June 05, 2026 ( See property details for 39 Codrington Street, Dromana, Vic 3936)

$1,350,000 - $1,450,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A charming and versatile weatherboard home in Old Dromana offering modern comforts, outdoor entertaining, and development potential.

🏡 Property Highlights

  • Exceptional lifestyle opportunity in the heart of Old Dromana, close to beaches and local amenities
  • Versatile property suitable for permanent living, holiday use, or investment with proven AirBnB success
  • Generous and flexible floorplan with expansive indoor and outdoor living spaces
  • Potential for future development including bay views from a double-storey and a 3-unit site (STCA)
  • Large outdoor decking area and fire pit for entertaining
  • Modern kitchen with stainless steel appliances and breakfast bar

✨ Key Features

  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Ensuite
  • Waterfront / Views
  • Open Fireplace
  • Shed
  • Pet-Friendly
  • Air Conditioning
  • Extra Storage (Shed/Linen)
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39 Codrington Street
Dromana, VIC 3936
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Vertical aerial view — 39 Codrington Street
39 Codrington Street — Vertical Aerial  •  Dromana, VIC 3936  •  Nearmap © 2026

Old Dromana is a highly sought-after coastal suburb known for its leafy streets, close proximity to beaches, parks, and local amenities. It offers a relaxed lifestyle with easy walkability to the beach, community facilities, and scenic outdoor spaces. The area combines timeless character with future development potential, making it ideal for families, investors, and those seeking a coastal lifestyle. Its strong community vibe and convenient location make Old Dromana a premier choice for long-term living and investment.

What are the current zoning and development restrictions for this property?
The property has potential for future development, including a possible 3-unit site (STCA), but buyers should verify zoning and planning regulations with the local council.
Is the property suitable for holiday rentals or AirBnB?
Yes, the property has a proven AirBnB success record, making it an excellent option for short-term holiday rentals or investment income.
What are the ongoing maintenance costs associated with this weatherboard home?
Maintenance costs can vary, but buyers should consider upkeep of timber features, outdoor decking, and general property maintenance when budgeting.
Are there any known issues or defects with the property?
All information provided is deemed reliable but not guaranteed. Buyers should conduct their own inspections to identify any potential issues.
What are the future development opportunities and views from the property?
Potential bay views from a future double-storey development and the possibility of a 3-unit site offer significant future value, subject to council approval.
Are there any easements, covenants, or planning restrictions affecting the property? What are the total costs involved in potential development or subdivision? Are there any nearby construction or planning activities that could impact the property? Is the property located in a flood or bushfire-prone area? Are there any strata or body corporate fees applicable if subdivided or developed? What are the zoning regulations and whether they permit the intended development? Are there any hidden costs associated with maintaining the timber features or outdoor areas? Has the property been inspected for structural issues or pest infestations? Are there any existing easements or rights of way that could affect future use? What are the local council requirements for building or development approvals?

39 Codrington Street, Dromana, Vic 3936 - More Details

$1,350,000 - $1,450,000

Set in the heart of leafy Old Dromana, this gorgeous and spacious weatherboard home offers an exceptional lifestyle opportunity just moments from everything that makes this location so sought after. Within easy walking distance to Dromana Park, the Visitor Information Centre, the Community Hall and of course, the beach. You can leave the car at home and simply enjoy the surroundings. Occasionally used by the owners and successfully operating as an AirBnB, the property presents a versatile opportunity for permanent living, holiday use or investment.

FEATURING:

• Generous and flexible floorplan with expansive indoor & outdoor living

• Five well-sized bedrooms, including a large master bedroom at the front with ensuite and walk-in robe

• Family bathroom with spa bath, shower & separate toilet servicing the remaining bedrooms

• Modern kitchen with stainless steel appliances, island bench & breakfast bar

• Timber floorboards through the main living areas and master bedroom

• Carpeted secondary bedrooms for added comfort

• Ducted heating & evaporative cooling

• Open Fireplace

• Huge outdoor decking area for entertaining family and friends plus extra fire pit area

• Timber shed & Cubby house

• Ample storage throughout the home

• Proven AirBnB success, offering immediate income potential

• Potential bay views from a future double-storey development

• Potential for a 3-unit site (STCA)

• Permanent Rental estimate based on the current market approx. $775 - $825 per week

Combining timeless character with modern comfort and outstanding future potential, this is a rare opportunity to secure a substantial home in one of Dromana's most tightly held pockets. Whether you are looking to move in, invest, holiday there or explore development options, this property offers flexibility, lifestyle and long-term value.

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
Type
House
Bedrooms
5
Bathrooms
3
Parkings
3
Area
951 m²

Price guide

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