SOLD
RECENT ADVICE
Sold on 09 Aug 2024 for $710,000

40 Eramosa Road E
Somerville VIC 3912

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 125m2
Land area: 3179m2
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Brewsters Property Group Pty Ltd
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Property Details for 40 Eramosa Rd E, Somerville

40 Eramosa Rd E, Somerville is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 3179m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Somerville in the last 12 months.

Building Type
House
Floor Size
125m2
Land Size
3179m2
Local Government
Mornington Peninsula
Lot/Plan
3/LP41920

Last Listing description (October 2024)

Sale by Expressions of Interest, offers closing date 22nd of June 2023 unless sold prior.

A beneficial opportunity for developers, step back in time with this solid brick veneer 70's home set on a sizeable allotment of 3179sqm (approx.). Located in the heart of Somerville, close to all amenities, this property possesses the potential for huge development (STCA).

Whether you decide to keep the existing home renovate and bring it up to scratch or develop this home it is filled with abundance of retro character and truly takes you back in time. Vintage colours, retro tile patterns and wall coverings, are displayed throughout the home, with separate living zones, experience a home alike to no other. The home encompasses kitchen and dining area, separate living area, main bathroom, three generous bedrooms with built in robes, central heating, laundry, four car garage, off street parking and back porch overlooking the expansive allotment, a great space to enjoy on those sunny days.

This massive allotment 3179sqm (approx.) deals two street frontages, one on Eramosa Road and the rear being Guelph Street, with so much potential this is an opportunity you do not want to miss.

This prime location, close to Somerville town centre, multiple local schools, Somerville train station, other various public transport options, skatepark, Somerville recreation reserve this location is a lucrative opportunity for development with so many amenities close by.

Inspection by private appointment please contact Tim Ripper0434 513 640 to arrange.

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Property History for 40 Eramosa Rd E, Somerville, VIC 3912

A timeline of how this property has performed in the market
Last Sold
$710,000
09 Aug 2024
  • 09 Aug 2024
    Sold for $710,000
  • 15 Jun 2023
    Sold for $1,800,000
  • 22 May 2023
    Listed for Sale $2,000,000 - $2,200,000
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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 5,794 properties. Over the last 5 years, Houses in Somerville have seen a 35.71% increase in median value, while Units have seen a 29.59% increase. As at 31 October 2024:

  • The median value for Houses in Somerville is $837,136 while the median value for Units is $560,955.
  • Houses have a median rent of $585 while Units have a median rent of $500.
There are currently 42 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.

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