SOLD
Sold on 11 Sep 2024 for $530,000

2/20 Speedwell Street
Somerville VIC 3912

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 162m2
Land area: 211m2
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Property Details for 2/20 Speedwell St, Somerville

Building Type
Commercial
Floor Size
162m2
Land Size
211m2
Local Government
Mornington Peninsula
Lot/Plan
2/PS742007

Last Listing description (July 2016)

BE QUICK AS STAGES 1 AND 2 ARE 95% SOLD. TAKE ADVANTAGE OF YOUR SUPER AND BUY NOW IN STAGES 3 AND 4 WITH MASSIVE SAVINGS ON STAMP DUTY.EACH WAREHOUSE INCLUDES AN OFFICE, HEATING & COOLING, TOILET FACILITIES, KITCHENETTE AND ELECTRIC ROLLER DOOR. LOCATED IN THE SOMERVILLE INDUSTRIAL ESTATE AND ONLY MINUTES AWAY FROM THE PENINSULA LINK FREEWAY. CONTACT JOSH MONKS OR TOM CROWDER FOR MORE INFORMATION.

Property History for 2/20 Speedwell St, Somerville, VIC 3912

A timeline of how this property has performed in the market
Last Sold
$530,000
11 Sep 2024
  • 11 Sep 2024
    Sold for $530,000
  • 08 Jul 2016
    Listed for Sale $226,800 + GST
  • 09 Sep 2015
    Listed for Sale $275,000 + GST

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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 5,798 properties. Over the last 5 years, Houses in Somerville have seen a 34.64% increase in median value, while Units have seen a 31.63% increase. As at 30 November 2024:

  • The median value for Houses in Somerville is $841,122 while the median value for Units is $577,067.
  • Houses have a median rent of $580 while Units have a median rent of $500.
There are currently 40 properties listed for sale, and 2 properties listed for rent in Somerville on OnTheHouse. According to CoreLogic's data, 202 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.