Download your FREE reports now!

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 $800,000 and this has changed 2.56% over the past year and changed 5.26% over 2 years.

The median rent in Somerville for houses is $560 per week and the median rental yield is 3.64%. Stock on the market for houses/townhouses has changed 13.64% compared to last year and the average time to sell a house/townhouse is 74 days.The median listing price for units is $565,000 and this has changed -3.42% over the past year. The average unit takes 58 days to sell and the median rent for a unit in Somerville is $490 per week, producing a rental yield of 4.50%.

Supply & Demand in Somerville, Mornington Peninsula

0.27%

Current vacancy rate


13

Rental stock available


11,338

Population


18.03%

Rental population


0.56%

Current vacancy rate


541

Rental stock available


154,997

Population


14.32%

Rental population


0.93%

Current vacancy rate


28,886

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 $800,000 NA $565,000
Median price change - last quarter -0.30% NA -0.87%
Median price change - 1 year 2.56% NA -3.42%
Median price change - 2 years 5.26% NA 5.60%
  House Townhouses Units
Median weekly rent $560 NA $490
Median yield % 3.64% NA 4.50%
Median rent change - 1 year 1.81% NA 8.88%
  House Units
Previous month sales 8 1
Stock on market previous month 50 8
Stock variance vs. last year 13.64% -42.86%
Average days on market 74 58

Somerville investment property listings

Showing 5 of 86 investment properties found in Somerville on realestateinvestar.com.au

37 Kumala Dr, Somerville

$1,895,000

property pic

A Landmark Family Lifestyle Embraced by Country Air

Enveloped in an idyllic rural serenity, this immaculate 4-bedroom, 2-lounge residence presents a mesmerising way of living for those who yearn for space, freedom, and life's simple pleasures. Everything that sits in its right place has been perfected across a sprawling 1.2 acres (approx.), ...

Get more info on this property
rei

4

rei

2

rei

0

Rural

VIC 3912


32 Montrose Ave, Somerville

$1,200,000

property pic

Family Home Plus Unit/Granny Flat- Character, Space and Rare Ver

Some homes simply have it, that rare combination of warmth, substance, and space that you feel the moment you walk through the door. This is one of those homes. The main house comprises 4 bedrooms, 2 separate living areas, kitchen with meals area, undercover entertaining, tandem carport, expansive ...

Get more info on this property
rei

6

rei

3

rei

3

House

VIC 3912


9/27 Eramosa Road East, Somerville

$600,000

property pic

Perfectly Positioned Just Minutes to Shops and Schools

Set in a highly convenient location, just a short stroll to local shops, schools and public transport, this 3-bedroom unit offers the perfect combination of space, comfort and lifestyle. Ideal for first home buyers, downsizers or investors, it delivers low-maintenance living in a sought-after ...

Get more info on this property
rei

3

rei

2

rei

1

Unit

VIC 3912


213 Bungower Rd, Somerville

$2,650,000

property pic

The Brief: Dual Homestead Retreat

It's Addressed: Enveloped in the romance of a true country lifestyle framed by green pastures and cultivated gardens, this unique equine retreat stands as a rare opportunity across 3.15-acres (approx.) of paddocks and refined outdoor domains. At the heart, two spacious family homes provide ...

Get more info on this property
rei

8

rei

5

rei

6

House

VIC 3912


9/5 Raymond St, Somerville

$550,000

property pic

Ready For You!

Great condition and ready to move in! This incredibly tidy 2-bedroom, 1 bathroom unit offers endless opportunities for first home buyers, downsizers, and investors alike. The property boasts excellent presentation throughout and could easily be your home for years to come, or provides the perfect ...

Get more info on this property
rei

2

rei

1

rei

1

Unit

VIC 3912


Navigate to more Suburbs, Regions or States