148 Somerset Drive, Mount Martha, VIC 3934 | Property Value & History | OnTheHouse
OFF MARKET

148 Somerset Drive
Mount Martha VIC 3934

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 1110m2
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Last updated 16 Mar 2026
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Property Details for 148 Somerset Dr, Mount Martha

148 Somerset Dr, Mount Martha is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1110m2. While the property is not currently for sale or for rent, it was last sold in October 2024.

Building Type
House
Land Size
1110m2
Local Government
Mornington Peninsula
Lot/Plan
43/LP58851

Last Listing description (July 2025)

Basking in the serene beauty of a garden oasis and boasting sweeping views of the bay and city, this substantial four-bedroom home offers a lifestyle of sophistication and tranquillity. Owned by the same family for over 40 years, it occupies a premier position within walking distance of Mount Martha Village and South Beach. With solid brick construction and a design that encapsulates the charm of its 80s origins, the split-level layout provides ultimate flexibility, perfect for either dual or large-scale family living with the potential to maximise its appeal with a contemporary transformation.

Inside, solid timber screens and walls of windows create an inviting, light-filled welcome, with lower-level open-plan living and dining areas crowned by a sleek, well-appointed entertainer's kitchen. Ideal for the home cook with extensive bench space and modern appliances, it also opens via sliding doors to seamlessly blend indoor and outdoor living, allowing for delightful alfresco dining experiences.

Complementing this, a bay-view balcony accessible from the generous living room upstairs captures the city lights, creating an ideal setting for evening relaxation. The main bedroom, located on the top floor, is a sanctuary featuring an ensuite and balcony access, offering the chance to wake up to captivating views, whilst in a separate and quiet wing, you'll find three additional bedrooms, or two plus a study, alongside an immaculate bathroom with a separate toilet.

The property's appeal is further enhanced by its lush, established gardens with an array of fruit trees, a charming gazebo, and ample room for children's play, with the benefit of gated access via Somerset Drive for a caravan or boat and room to add a pool (STCA). Additional features include a double garage, ducted heating and cooling, two large water tanks, an alarm system, and ample storage throughout; located close to Balcombe Grammar, Mt Martha Primary School, parks, and the beach - promising a perfect balance of relaxed family living and lifestyle accessibility.

Property History for 148 Somerset Dr, Mount Martha, VIC 3934

A timeline of how this property has performed in the market
Last Sold
$1,275,000
09 Oct 2024
  • 09 Oct 2024
    Sold for $1,275,000
  • 17 Jul 2024
    Listed for Sale SOLD
  • 01 Jan 1987
    Sold for $130,000
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About Mount Martha 3934

The size of Mount Martha is approximately 30.3 square kilometres. It has 43 parks covering nearly 11.5% of total area. The population of Mount Martha in 2016 was 18548 people. By 2021 the population was 19846 showing a population growth of 7.0% in the area during that time. The predominant age group in Mount Martha is 10-19 years. Households in Mount Martha are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Martha work in a professional occupation.In 2021, 84.20% of the homes in Mount Martha were owner-occupied compared with 82.40% in 2016.

Mount Martha has 9,684 properties. Over the last 5 years, Houses in Mount Martha have seen a 15.11% increase in median value, while Units have seen a 22.80% increase. As at 28 February 2026:

  • The median value for Houses in Mount Martha is $1,484,938 while the median value for Units is $861,249.
  • Houses have a median rent of $818 while Units have a median rent of $650.
There are currently 50 properties listed for sale, and 2 properties listed for rent in Mount martha on OnTheHouse. According to Cotality's data, 445 properties were sold in the past 12 months in Mount martha.

Suburb Insights for Mount Martha 3934

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.