SOLD
RECENT ADVICE
Sold on 20 Aug 2024 for $378,550

2/116 Somerville Road
Yarraville VIC 3013

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Sold By
Nicholas Scott Real Estate
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Property Details for 2/116 Somerville Rd, Yarraville

2/116 Somerville Rd, Yarraville is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Unit sold in Yarraville in the last 12 months.

Building Type
Unit
Year Built
2012
Floor Size
54m2
Local Government
Maribyrnong
Lot/Plan
2/PS619364

Last Listing description (October 2024)

This designer one-bedroom apartment in Yarraville offers serene treetop views and secure access, perfectly positioned within this vibrant and thriving suburb. Ideal for both first-time buyers and investors, it promises convenience at every turn, mere steps away from the Yarraville Village including Yarraville's Sun Theatre, Yarraville Train Station and a variety of Yarraville's finest cafes and restaurants.

The bedroom boasts generous proportions complemented by built-in robes and high ceilings, while the bathroom, linen press/storage cupboard, concealed European laundry, and open-plan living and dining areas enhance practicality and comfort. The kitchen, a culinary haven with Caesar stone benches and stainless steel appliances, invites stylish entertaining. Adding to its allure, the apartment features its own west-facing balcony, promising delightful moments for owners and investors alike, all within a highly sought-after locale.

Additional Property Highlights include proximity to Yarraville Village, public transport links, Highpoint Shopping Centre, Footscray Hospital, Maribyrnong River, Flemington Racecourse, Victoria University, local reserves, and bike paths. The property also offers amenities such as air conditioning, blinds, and secure parking, ensuring both comfort and convenience for its fortunate residents.

Property History for 2/116 Somerville Rd, Yarraville, VIC 3013

A timeline of how this property has performed in the market
Last Sold
$378,550
20 Aug 2024
Listed for Rent
$370/w
25 Jul 2023
  • 13 Aug 2024
    Sold for $378,550
  • 29 Jul 2024
    Listed for Sale Contact Agent
  • 12 Aug 2022
    Listed for Rent $330 / week
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About Yarraville 3013

The size of Yarraville is approximately 5.7 square kilometres. It has 19 parks covering nearly 13.7% of total area. The population of Yarraville in 2011 was 13,747 people. By 2016 the population was 14,989 showing a population growth of 9.0% in the area during that time. The predominant age group in Yarraville is 30-39 years. Households in Yarraville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yarraville work in a professional occupation. In 2011, 66% of the homes in Yarraville were owner-occupied compared with 64.7% in 2016.

Yarraville has 8,454 properties. Over the last 5 years, Houses in Yarraville have seen a 16.32% increase in median value, while Units have seen a 8.32% increase. As at 30 September 2024:

  • The median value for Houses in Yarraville is $1,152,554 while the median value for Units is $664,719.
  • Houses have a median rent of $655 while Units have a median rent of $550.
There are currently 36 properties listed for sale, and 12 properties listed for rent in Yarraville on OnTheHouse. According to CoreLogic's data, 328 properties were sold in the past 12 months in Yarraville.

Suburb Insights for Yarraville 3013

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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.