OFF MARKET

88 Somerset Drive
Mount Martha VIC 3934

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 188m2
Land area: 863m2
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Property Details for 88 Somerset Dr, Mount Martha

88 Somerset Dr, Mount Martha is a 4 bedroom, 2 bathroom House and was built in 1980. The property has a land size of 863m2 and floor size of 188m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
House
Year Built
1980
Floor Size
188m2
Land Size
863m2
Local Government
Mornington Peninsula
Lot/Plan
399/LP83676

Last Listing description (March 2021)

This beachside property represents a fabulous opportunity to create a stunning family home in which to enjoy rare single level views and the potential for stunning views from a second level.
In need of a major renovation the home will attract those with vision to build on existing foundation or demolish and reclaim the 863sqm (approx.) of flat land to make way for the dream home you've always wanted.
Ideally located in a family friendly area of Mount Martha, this location offers a relaxed lifestyle, a short drive from the village & stunning South Beach and minutes walk from the public golf course and Reserve. This location also caters for the practicalities of modern living with the Mount Martha Primary School a short walk away, with the school bus and public transport on your doorstep, take in the view.

Property History for 88 Somerset Dr, Mount Martha, VIC 3934

A timeline of how this property has performed in the market
Last Sold
$965,000
19 Feb 2021
Listed for Rent
$350/w
24 Aug 2013
  • 21 Feb 2021
    Listed for Sale Contact Agent
  • 19 Feb 2021
    Sold for $965,000
  • 19 Apr 2013
    Listed for Rent $350 / week
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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 9,598 properties. Over the last 5 years, Houses in Mount Martha have seen a 38.26% increase in median value, while Units have seen a 23.18% increase. As at 31 October 2024:

  • The median value for Houses in Mount Martha is $1,393,145 while the median value for Units is $768,538.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 61 properties listed for sale, and 1 property 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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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.