5/5 Great Eastern Hwy, Somerville is a 3 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1995. The property has a land size of 201m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Don't walk, run. This is an investment opportunity that you don't want to miss out on. Well located in the sought after suburb of Somerville with a fixed term lease already in place!Features include:-- 3 bedrooms (all w/ built in robes) - 1 bathroom complete w/ seperate shower & bath - Formal living area - Open plan kitchen, dining and second living/study area - Evaporative air conditioning - Electric cooking - Electric storage hot water system - Bottled gas (gas bayonet for heating)- Paved patio & court yard area - Very low maintenance yard- Single car garage- Short distance from the CBD, public transport & amenities - Built: approx. 1995- Currently leased at $460.00 per week until March 2023 Strata Levies: approx. $1610.00 per annum Council Rates: approx. $2000.00 per annum With a rental return of approx. 7.5%, this unit would make a great addition to your portfolio. Call today to arrange an inspection! **Conjunctionals WelcomedDisclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy can not be guaranteed. To the best of our knowledge the information listed is true and accurate however may be subject to change without warning at any time and this is often out of our control. Prospective tenants and purchasers should make their own enquiries to satisfy themselves on the pertinent matters. Details herein do not constitute any representation by the owner or the agent and are expressly excluded from any contract.
The size of Somerville is approximately 4.7 square kilometres. It has 10 parks covering nearly 15% of total area. The population of Somerville in 2011 was 3,811 people. By 2016 the population was 4,134 showing a population growth of 8.5% in the area during that time. The predominant age group in Somerville is 40-49 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, 58.6% of the homes in Somerville were owner-occupied compared with 59% in 2016.
Somerville has 1,810 properties. Over the last 5 years, Houses in Somerville have seen a 41.91% increase in median value, while Units have seen a 72.41% increase. As at 31 October 2024:
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