18/5 Speedwell StreetSomerville VIC 3912
Property Details for 18/5 Speedwell St, Somerville
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
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
- 16 Feb 2024Sold for $764,500
- 07 Feb 2023Listed for Sale $660,000
- 18 Sep 2019Listed for Rent $20,000 / year
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0About 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.
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