SOLD
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Sold on 29 Jan 2024 for $586,450

42 Holmes Lane
Somerville VIC 3912

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
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Property Details for 42 Holmes Lane, Somerville

42 Holmes Lane, Somerville is a 3 bedroom, 1 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom House sold in Somerville in the last 12 months.

Building Type
House

Last Listing description (January 2024)

The owner wants this sold before Christmas, so take advantage of this massive price reduction now! Be warned, the price will go up again in the new year so don't wait, this must be sold! Three bedroom home located in poll position so close to the east side shopping centre in Somerville. New carpet and a fresh coat of paint inside, just move in and enjoy. The cottage sized block is low maintenance with walking access through to Eramosa Road, the Somerville Primary School and shops. There is also rear parking access from Holmes Lane with a tandem carport behind the private sliding gate. This home is perfect for someone who wants to ditch the car or first home buyers looking to get into the market who want privacy without living in a unit complex. Be quick, because this won't last long!

Property History for 42 Holmes Lane, Somerville, VIC 3912

A timeline of how this property has performed in the market
Last Sold
$586,450
29 Jan 2024
Listed for Rent
$300/w
04 Jul 2012
  • 16 Feb 2024
    Listed for Rent $565 / week
  • 17 Jan 2024
    Sold for $586,450
  • 21 Nov 2023
    Listed for Sale $580,000 - $625,000
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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 5,798 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.

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Craig Mann
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Eview Group - Chelsea
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