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Sold on 19 Sep 2024 for $880,000

81 Somerset Drive
Mount Martha VIC 3934

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 793m2
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Property Details for 81 Somerset Dr, Mount Martha

Building Type
Land
Land Size
793m2
Local Government
Mornington Peninsula
Lot/Plan
444/LP87740

Last Listing description (September 2024)

Welcome to a pristine corner block poised at the meeting of Somerset Drive and Cornwall Crescent, where the canvas of your future home awaits. This vacant land spans an impressive 793 square meters, offering a generous space for you to bring your architectural dreams to life. Framed by the tranquil streets of a sought-after neighborhood, this plot presents an unrivaled opportunity to create a bespoke residence tailored to your every desire.Imagine waking up to serene views of the glistening Port Phillip Bay, where the horizon stretches infinitely and the peaceful waters beckon.

This property promises not just a home but an oasis, where every day feels like a retreat from the hustle and bustle of life. The unique positioning of this block captures the essence of coastal living while offering the privacy and exclusivity that comes with a corner allotment. Whether it's a modern architectural masterpiece or a cozy family haven, your future home will be the envy of all, with vistas that inspire and rejuvenate.This is more than just land; it's a gateway to the lifestyle you've always dreamed of.

With its prime location, stunning views, and ample space, 81 Somerset Drive represents a once-in-a-lifetime chance to build not just a house, but a home that echoes with your personal style and flair. Seize this opportunity to craft your slice of paradise in Mt Martha, where every detail reflects your vision and every moment is a step closer to living your dream by the bay.

Property History for 81 Somerset Dr, Mount Martha, VIC 3934

A timeline of how this property has performed in the market
Last Sold
$880,000
19 Sep 2024
  • 19 Sep 2024
    Sold for $880,000
  • 23 Aug 2024
    Listed for Sale $890,000-$950,000
  • 10 Apr 2024
    Listed for Sale $890,000-$950,000
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About Mount Martha 3934

The size of Mount Martha is approximately 30.3 square kilometres. It has 43 parks covering nearly 11.5% of total area. The population of Mount Martha in 2011 was 17,087 people. By 2016 the population was 18,552 showing a population growth of 8.6% in the area during that time. The predominant age group in Mount Martha is 40-49 years. Households in Mount Martha are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Martha work in a professional occupation. In 2011, 83.3% of the homes in Mount Martha were owner-occupied compared with 82.4% in 2016.

Mount Martha has 9,619 properties. Over the last 5 years, Houses in Mount Martha have seen a 49.29% increase in median value, while Units have seen a 28.48% increase. As at 31 August 2024:

  • The median value for Houses in Mount Martha is $1,432,506 while the median value for Units is $766,180.
  • Houses have a median rent of $750 while Units have a median rent of $590.
There are currently 58 properties listed for sale, and 2 properties listed for rent in Mount martha on OnTheHouse. According to CoreLogic's data, 342 properties were sold in the past 12 months in Mount martha.

Suburb Insights for Mount Martha 3934

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Sam Danckert
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Danckert Real Estate
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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.