1 Somerville LaneRiddells Creek VIC 3431
Property Details for 1 Somerville Lane, Riddells Creek
1 Somerville Lane, Riddells Creek is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1990. The property has a land size of 2042m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (November 2023)
With plans and permits for a five unit development - 3 bedrooms, 2 bathroom plus double garages, this project is ready to go!
Perfect development for an investment group or builder. Take charge of your financial future today.
- Sales estimate per townhouse $620,000-$660,000
- Contracts and Section 32 available now
- Current tenancy to 6th July 2023
- Contract of Sale/Section 32 plus Plans & Permits - https://vltre.co/FbQaW1
Call David Oliver 0403 023 706
Property History for 1 Somerville Lane, Riddells Creek, VIC 3431
- 06 Aug 2023Sold for $800,000
- 09 Nov 2022Listed for Sale $980,000 to $1,070,000
- 21 Jun 2019Sold for $710,000
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0About Riddells Creek 3431
The size of Riddells Creek is approximately 72.2 square kilometres. There are 3 parks, covering nearly 5.3% of the total area. The population of Riddells Creek in 2016 was 3947 people. By 2021 the population was 4390 showing a population growth of 11.2% in the area during that time. The predominant age group in Riddells Creek is 50-59 years. Households in Riddells Creek are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Riddells Creek work in a professional occupation.In 2021, 86.70% of the homes in Riddells Creek were owner-occupied compared with 87.90% in 2016.
Riddells Creek has 2,192 properties. Over the last 5 years, Houses in Riddells Creek have seen a 16.54% increase in median value, while Units have seen a 2.99% increase. As at 30 April 2026:
- The median value for Houses in Riddells Creek is $963,725 while the median value for Units is $579,147.
- Houses have a median rent of $595 while Units have a median rent of $500.
Suburb Insights for Riddells Creek 3431
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