2 Speedwell Street, Somerville, VIC 3912 | Property Value & History | OnTheHouse
OFF MARKET

2 Speedwell Street
Somerville VIC 3912

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 17505m2
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Property Details for 2 Speedwell St, Somerville

Building Type
Commercial
Land Size
17505m2
Local Government
Mornington Peninsula
Lot/Plan
1/LP148254

Last Listing description (November 2015)

EXPRESSION OF INTEREST CLOSING THURSDAY 22ND OCTOBER AT 4PM
- Tait Home Timber & Hardware
- 10 year lease + options

- Current Rent: $250,000*pa net
- Land Area: 17,751* sqm
- Building Area: 5,090* sqm
- Dual street frontages:
Speedwell Street
Grants Road
- Lease guaranteed by John Danks + Son Pty Ltd, wholly owned subsidiary of Woolworths Ltd + Lowe's Companies Inc.
- Close to other national retailers including: Target, Aldi, Liquorland, Coles & Woolworths
*approx.

Property History for 2 Speedwell St, Somerville, VIC 3912

A timeline of how this property has performed in the market
Last Sold
$3,472,000
30 Oct 2015
  • 30 Oct 2015
    Sold for $3,472,000
  • 21 Sep 2015
    Listed for Sale Expression of Interest closing Thu 22 October 4pm
  • 01 Feb 1986
    Sold for $135,000
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About Somerville 3912

The size of Somerville is approximately 38.4 square kilometres. It has 30 parks covering nearly 5.7% of total area. The population of Somerville in 2016 was 11336 people. By 2021 the population was 11767 showing a population growth of 3.8% in the area during that time. The predominant age group in Somerville is 50-59 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 2021, 79.80% of the homes in Somerville were owner-occupied compared with 77.30% in 2016.

Somerville has 5,878 properties. Over the last 5 years, Houses in Somerville have seen a 31.47% increase in median value, while Units have seen a 27.63% increase. As at 31 December 2025:

  • The median value for Houses in Somerville is $938,275 while the median value for Units is $619,961.
  • Houses have a median rent of $650 while Units have a median rent of $565.
There are currently 22 properties listed for sale, and 3 properties listed for rent in Somerville on OnTheHouse. According to Cotality's data, 276 properties were sold in the past 12 months in Somerville.

Suburb Insights for Somerville 3912

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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.