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Investment Property Somerville, VIC, 3912

Suburb Snapshot

Somerville is a suburb in the Mornington Peninsula Region of Victoria. Somerville has a population of 11,338 people and 18.03% of its occupants live in rental accommodation. The median listing price for houses is $780,000 and this has changed 2.63% over the past year and changed 4.00% over 2 years.

The median rent in Somerville for houses is $550 per week and the median rental yield is 3.66%. Stock on the market for houses/townhouses has changed -2.13% compared to last year and the average time to sell a house/townhouse is 59 days.The median listing price for units is $590,000 and this has changed 11.32% over the past year. The average unit takes 93 days to sell and the median rent for a unit in Somerville is $450 per week, producing a rental yield of 3.96%.

Supply & Demand in Somerville, Mornington Peninsula

0.32%

Current vacancy rate


15

Rental stock available


11,338

Population


18.03%

Rental population


0.65%

Current vacancy rate


623

Rental stock available


154,997

Population


14.32%

Rental population


0.87%

Current vacancy rate


26,641

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Somerville, Mornington Peninsula

  House Townhouses Units
Median listing price $780,000 NA $590,000
Median price change - last quarter 2.63% NA 6.30%
Median price change - 1 year 2.63% NA 11.32%
Median price change - 2 years 4.00% NA 20.40%
  House Townhouses Units
Median weekly rent $550 NA $450
Median yield % 3.66% NA 3.96%
Median rent change - 1 year 4.76% NA 7.14%
  House Units
Previous month sales 2 0
Stock on market previous month 46 11
Stock variance vs. last year -2.13% 83.33%
Average days on market 59 93

Somerville investment property listings

Showing 5 of 63 investment properties found in Somerville on realestateinvestar.com.au

3 Domino Ct, Somerville

$830,000

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Perfectly Positioned with Grand Proportions

This spacious home is nestled in a quiet court. & oozes charm. Its convenient location offers easy access to amenities while providing a peaceful living environment for potential buyers. This meticulously maintained home features 3 bedrooms, including the very spacious master with walk in robe & ...

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VIC 3912


3 Treehaven Pl, Somerville

$800,000

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A CUL-DE-SAC HAVEN WITH SUNNY HARMONY

Nestled in a secluded cul-de-sac in Woodlands Estate, this three-bedroom home basks in the glow of abundant sunlight, offering the ideal prospect to establish roots and create a haven that grows with you. Sitting on a substantial 825sqm (approx) allotment with a generous northern aspect, it has a ...

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VIC 3912


294 Jones Rd, Somerville

$880,000

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Double Storey Charm Priced to sell!!!

Located on approx. 905.7m2 block within a couple of minutes walk to local shops, cafes, Somerville hotel, public transport and everything the wonderful suburb of Somerville has to offer. This character filled home impresses with a huge lounge room boasting 12ft approx. ceilings, beautifully wide ...

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VIC 3912


6/1160 Frankston Flinders Rd, Somerville

$550,000

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Privately Tucked Away

Discover the perfect blend of comfort and convenience in this inviting back unit featuring 3 bedrooms, 1 bathroom with dual access to the master bedroom, and a generous outdoor space designed for relaxation. Step into the serene outdoor area, complete with a covered space ideal for unwinding after ...

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VIC 3912


3 Applewood Rise, Somerville

$990,000

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Your family home awaits

Situated on a 1020sqm block of land within one of Somerville's most sought after locations is this fantastic opportunity for you to call home. Properties like this are often hard to find and when they become available they tend not to last long on the market. Property features include: - Four ...

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VIC 3912


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