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Sold on 23 Sep 2024 for $760,000

17 Somerville Lane
Riddells Creek VIC 3431

Bedrooms: 5
Bathrooms: 2
Car spaces: 1
Land area: 883m2
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Property Details for 17 Somerville Lane, Riddells Creek

17 Somerville Lane, Riddells Creek is a 5 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 883m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 5 bedroom House sold in Riddells Creek in the last 12 months.

Building Type
House
Land Size
883m2
Local Government
Macedon Ranges
Lot/Plan
15/LP111109

Last Listing description (September 2024)

Nestled in the vibrant town centre of Riddells Creek, this meticulously tidy family home is a rare gem. Enjoy the convenience of being steps away from local shops, cafes, the primary school, train station and recreational reserves. This home has been thoughtfully updated to offer modern comforts and an exceptional living experience. Offering 3 generous bedrooms (all with BIRs), the recently renovated and spacious bathroom with modern fixtures and fittings, the cosy central living area incorporating the kitchen, meals and family rooms and featuring new flooring, zoned heating and cooling system and a gas log fire for those chilly evenings. Easily accessed off the meals area is the elevated and impressive 5.6m x 4.8m pergola with raised modwood decking, which runs the length of the rear of the home. It includes automatic privacy screens, perfect for hosting family and friends while overlooking the beautifully maintained rear garden. There is a new carport attached to the home along with plenty of off-street parking options.
A substantial bonus to this property is the self-contained unit offering 2 bedrooms, 1 accessible bathroom equipped with handrails and mobility aids, the spacious open plan living area with a central kitchen and laundry. This unit features an entry ramp for ease of access and is ideal for extended family or guests, making it perfect for multi-generational families or those seeking extra space. The opportunity for a passive income exists if you were to consider leasing this unit out.

There is double gate side access to the rear yard, which includes a 6.1m x 5.3m lockup shed and a 3m x 1.5m garden shed. The beautifully kept and lovingly maintained garden captures the essence of this serene setting. Its prime location and modern updates make it an exceptional opportunity for buyers looking to be close to the heart of Riddells Creek.

Property History for 17 Somerville Lane, Riddells Creek, VIC 3431

A timeline of how this property has performed in the market
Last Sold
$760,000
23 Sep 2024
  • 23 Sep 2024
    Sold for $760,000
  • 06 Aug 2024
    Listed for Sale $780,000 - $850,000
  • 03 Nov 1983
    Sold for $8,500

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About Riddells Creek 3431

The size of Riddells Creek is approximately 72.2 square kilometres. It has 3 parks covering nearly 5.3% of total area. The population of Riddells Creek in 2011 was 3,752 people. By 2016 the population was 3,932 showing a population growth of 4.8% in the area during that time. The predominant age group in Riddells Creek is 40-49 years. Households in Riddells Creek are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Riddells Creek work in a professional occupation. In 2011, 89.9% of the homes in Riddells Creek were owner-occupied compared with 87.9% in 2016.

Riddells Creek has 2,140 properties. Over the last 5 years, Houses in Riddells Creek have seen a 35.08% increase in median value, while Units have seen a 32.62% increase. As at 30 September 2024:

  • The median value for Houses in Riddells Creek is $1,025,219 while the median value for Units is $581,480.
  • Houses have a median rent of $555 while Units have a median rent of $473.
There are currently 41 properties listed for sale, and 3 properties listed for rent in Riddells creek on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Riddells creek.

Suburb Insights for Riddells Creek 3431

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.