How Much is My Home Worth in Somerville?
The latest figures released on March 27, 2020, has the median price of a home in Somerville at $615,000. On the same date, a median-priced unit is $443,500. In 2020 the sale count for houses is 139 homes and 25 units sold. The annual capital growth for homes is 6.42% and units is 5.56%. The 12-month capital growth is -0.33% on houses and 2.25% for units. The DSR rating has houses and units as good. The demand from buyers for a property is ahead of supply but only marginally. This is a good market for property investors. Vendors are usually getting their asking price. The average days on the market for houses is 55 days and units is only 74 days. Capital growth will be ahead of the national average.
House prices and rent returns in Somerville.
- 2 bedroom home $571,250 Rent per week No Data
- 3 bedroom home $587,000 Rent per week $410
- 4 bedroom home $750,000 Rent per week $520
Unit prices and rent returns in Somerville.
- 2 bedroom unit $415,000 Rent per week $330
- 3 bedroom unit $495,000 Rent per week $400
Free Real Estate Appraisal Somerville
If you want to know the market price of your property we will give you a free appraisal. Our appraisers are familiar with this region and have sold multiple properties. Our assessment is based on recent sales history, location to schools and shops. We appraise land, units, apartments and houses. Provide the details of your property and we will respond immediately.
Rental Appraisal Somerville
The O’Brien real estate group currently manage over 3500 properties. We are a professional property management team that are experts in property rentals. If you have an investment property or the existing home you want to be leased then we will give you a free rental appraisal. All rentals are different. Some are for long term and some for the short term. Our database is deep with potential tenants wanting to rent in the area. We will give you an accurate assessment of the weekly rent return you can expect.
Property Valuation Somerville
Did you know there is a difference between a property valuation and an appraisal? If, for legal reasons you require a valuation then you have to engage the services of a registered valuer. This service will come with a fee. An appraisal can be performed by any licensed real estate agent.
Recent Sold Homes in Somerville
Browse our list of recently sold homes in Somerville. Over 50 sold properties to view including houses, land and units.
Lifestyle in Somerville
Somerville is 53 kilometres south east from the central business district of Melbourne. The eastern border touches on Western Port Bay and its neighbours include, Tyabb, Moorooduc and Pearcedale. There is the Bembridge 9 hole golf course and the Treehaven Equestrian Centre.
Schools in Somerville
There are 3 schools in Somerville.
- Somerville Primary School Co-educational
- Somerville Rise Primary School Co-educational
- St Brendan’s Primary School Co-educational