OFF MARKET

1/31 Somerville Lane
Riddells Creek VIC 3431

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2188m2
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Last updated 16 Dec 2024
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Property Details for 1/31 Somerville Lane, Riddells Creek

1/31 Somerville Lane, Riddells Creek is a 0 bedroom, 0 bathroom House. The property has a land size of 2188m2.

Building Type
House
Land Size
2188m2
Local Government
Macedon Ranges
Lot/Plan
6/PS740026

Last Listing description (September 2024)

Now is the time to invest in a perfectly located, rare half-acre of land in the heart of delightful Riddells Creek.

Tucked away in Somerville Lane, listen to the birds and frogs, as you envision your relaxed and peaceful new life with plenty of room to move and breathe.


Walk a few minutes to access Riddell's popular cafes, restaurants, children's park, local schools and shops.

The town offers an easy commute via freeway to Melbourne Airport/CBD, plus there is a well-serviced, express Melbourne-Bendigo V-Line train.

If you're looking to build your dream home, this is an ideal opportunity to enjoy a quiet rural lifestyle nestled in an established pocket of the town.

What are you waiting for? Call David Pino TODAY and find out more about this rare opportunity at 0467 280 803.

Key Property Highlights
2,188 sqm
Titled land
Located minutes from Riddells Creek shops/schools/restaurants
Tucked in an area away from main roads
Quiet Street (child-friendly)

Property History for 1/31 Somerville Lane, Riddells Creek, VIC 3431

A timeline of how this property has performed in the market
  • 25 Sep 2024
    Listed for Sale $500,000
  • 05 Oct 2022
    Listed for Sale $595,000

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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 2,163 properties. Over the last 5 years, Houses in Riddells Creek have seen a 31.06% increase in median value, while Units have seen a 26.05% increase. As at 30 November 2024:

  • The median value for Houses in Riddells Creek is $977,590 while the median value for Units is $578,018.
  • Houses have a median rent of $550 while Units have a median rent of $490.
There are currently 42 properties listed for sale, and 2 properties listed for rent in Riddells creek on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Riddells creek.

Suburb Insights for Riddells Creek 3431

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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.