OFF MARKET

18/5 Speedwell Street
Somerville VIC 3912

Bedrooms: -
Bathrooms: -
Car spaces: 4
Land area: 240m2
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Property Details for 18/5 Speedwell St, Somerville

Building Type
Commercial
Land Size
240m2
Local Government
Mornington Peninsula
Lot/Plan
18/PS816623

Last Listing description (September 2023)

18/5 Speedwell Street is located in the heart of Somerville CBD, this factory is perfect for a premium small to mid-sized businesses, or an investor looking for good rental return.

KEY FEATURES INCLUDE:

Warehouses size 235 sqm

5 meters motorized roller door.
Five exclusive carparks on title.
Currently rented out.
High Clearance warehousing.
office space with room to go up.
split system heating and cooling in office.
kitchenette amenity with separate bathroom.
Flexible open-plan design with capability for racking.
Body corporate fees $1550 per year

Property History for 18/5 Speedwell St, Somerville, VIC 3912

A timeline of how this property has performed in the market
Last Sold
$764,500
16 Feb 2024
Listed for Rent
28 Jan 2020
  • 16 Feb 2024
    Sold for $764,500
  • 07 Feb 2023
    Listed for Sale $660,000
  • 18 Sep 2019
    Listed for Rent $20,000 / year
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About Somerville 3912

The size of Somerville is approximately 38.4 square kilometres. It has 30 parks covering nearly 5.7% of total area. The population of Somerville in 2011 was 10,730 people. By 2016 the population was 11,340 showing a population growth of 5.7% in the area during that time. The predominant age group in Somerville is 50-59 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation. In 2011, 78.2% of the homes in Somerville were owner-occupied compared with 77.3% in 2016.

Somerville has 5,800 properties. Over the last 5 years, Houses in Somerville have seen a 28.24% increase in median value, while Units have seen a 25.91% increase. As at 28 February 2025:

  • The median value for Houses in Somerville is $848,633 while the median value for Units is $564,197.
  • Houses have a median rent of $580 while Units have a median rent of $530.
There are currently 30 properties listed for sale, and 1 property listed for rent in Somerville on OnTheHouse. According to CoreLogic's data, 217 properties were sold in the past 12 months in Somerville.

Suburb Insights for Somerville 3912

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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.