OFF MARKET

2/8 Somerset Crescent
Mansfield VIC 3722

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 114m2
Land area: 215m2
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Property Details for 2/8 Somerset Cres, Mansfield

2/8 Somerset Cres, Mansfield is a 3 bedroom, 2 bathroom Unit and was built in 2019. The property has a land size of 215m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
Unit
Year Built
2019
Floor Size
114m2
Land Size
215m2
Local Government
Mansfield
Lot/Plan
2/PS739833

Last Listing description (September 2023)

Presenting a modern townhouse that offers the perfect blend of contemporary living, low maintenance, and incredible potential. This three-year-old gem is ready to welcome it's new owners.

Key Features:

Spacious Open-Plan Living: As you step inside, you'll be greeted by an inviting open-plan layout that seamlessly integrates the living, dining, and kitchen areas.

Three Comfortable Bedrooms providing plenty of room for a growing family or accommodating guests. The master bedroom comes complete with an en-suite bathroom, ensuring a tranquil sanctuary to unwind after a long day.

Low Maintenance Property with the exterior requires minimal upkeep, providing you with more opportunities to explore your hobbies and interests.

Huge Investment Potential: Whether you're looking to expand your investment portfolio or start a new chapter as a homeowner, this property presents an exceptional opportunity. The growing demand for housing in the area ensures great potential for a strong return on investment. This property is currently tenanted to fantastic renters that are keen to stay on.

Property History for 2/8 Somerset Cres, Mansfield, VIC 3722

A timeline of how this property has performed in the market
Last Sold
$580,000
25 Jul 2023
Listed for Rent
$420/w
10 Nov 2021
  • 25 Jul 2023
    Sold for $580,000
  • 02 Jun 2023
    Listed for Sale $630,000
  • 20 Oct 2021
    Listed for Rent $420 / week
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About Mansfield 3722

The size of Mansfield is approximately 269.8 square kilometres. It has 7 parks covering nearly 0.4% of total area. The population of Mansfield in 2011 was 4,359 people. By 2016 the population was 4,799 showing a population growth of 10.1% in the area during that time. The predominant age group in Mansfield is 60-69 years. Households in Mansfield are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mansfield work in a trades occupation. In 2011, 69.6% of the homes in Mansfield were owner-occupied compared with 69.6% in 2016.

Mansfield has 4,169 properties. Over the last 5 years, Houses in Mansfield have seen a 76.68% increase in median value, while Units have seen a 58.04% increase. As at 31 October 2024:

  • The median value for Houses in Mansfield is $812,332 while the median value for Units is $520,040.
  • Houses have a median rent of $550 while Units have a median rent of $455.
There are currently 65 properties listed for sale, and 4 properties listed for rent in Mansfield on OnTheHouse. According to CoreLogic's data, 110 properties were sold in the past 12 months in Mansfield.

Suburb Insights for Mansfield 3722

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Disclaimer
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.