12 Somerville LaneRiddells Creek VIC 3431
Property Details for 12 Somerville Lane, Riddells Creek
12 Somerville Lane, Riddells Creek is a 3 bedroom, 1 bathroom House with 5 parking spaces and was built in 1930. The property has a land size of 5264m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (January 2021)
This unique opportunity has arrived to purchase 5,264m2 that approximately 1.3 acres with this country allotment that provides all the towns amenities at your fingertips. Offering amazing potential this much loved, one owner two plus bedroom family home is well placed leaving plenty of room for an extension if needed. All ready having multiple sheds and shelters perfect for a tradesman, car lovers, fisherman and much more. All bedrooms are equally large with extra high ceilings and multiple living areas.
Now for the investor this property has the potential to be subdivided in to three properties. That's right three. With the minimum size block having to be 1,500m2.
Situated in an established rural residential area, it is surrounded by other large blocks and is just minutes to Sunbury and Gisborne, approximately 45minutes to Melbourne, and within walking distance to the local shops, train station, schools, and all community facilities. This is a unique opportunity to live in a peaceful country town on a huge allotment with amazing potential.
Property History for 12 Somerville Lane, Riddells Creek, VIC 3431
- 12 Dec 2020Sold for $1,150,000
- 09 Dec 2020Listed for Sale $1,100,000 to $1,200,000
- 18 Dec 2008Transferred
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0About 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.
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