3 Grant RoadSomerville VIC 3912
Property Details for 3 Grant Rd, Somerville
3 Grant Rd, Somerville is a 3 bedroom, 2 bathroom House with 6 parking spaces and was built in 1950. The property has a land size of 977m2 and floor size of 143m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (February 2022)
For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Contact the sales agent immediately to become qualified and avoid disappointment. Open to all buyers, including finance, subject to seller approval. Register your interest by logging onto www.openn.com.au now! So you dont miss out on this fantastic opportunity.
The property has met reserve and will be selling. This 'red hot' development opportunity is in a prime location in the heart of Somerville. With land size of 975m2 approx.
Option 1 - Develop & build multiple double storey townhouses (STCA). With the opportunity to receive rental income whilst you get your plans approved as the property is currently leased on a month to month rental return of $1825pcm. Boasting dual road access from Grant Road frontage & side access via Holmes Lane. Positioned only a moment's walk to the shops, public transport, local schools, doctors and sporting grounds of the fast growing Somerville precinct. The property market in Somerville has seen very strong growth in the last 12 months and is a proven performer with several recent nearby developments having been successfully completed, generating excellent returns.
Option 3 Renovate & develop to the rear. This charming old world home with many period features. Yes, she needs some polishing, however if you love the charm of yesteryear, this charming home brimming with character will tug at your heart. Boasting high ceilings of approx. 11ft (3.3m) formal lounge with doors that lead to a covered outdoor area. The three bedrooms are all a generous size with a huge ensuite to the master bedroom. The property has had an extension to the rear adding a large dining/kitchen area plus second bathroom & laundry. Hidden behind a private fence, other features include carport, garage/workshop, front & rear verandas, plus heating and cooling options.
This rare opportunity is one to add to your portfolio and build your wealth. Please contact the selling agent to arrange a private inspection of this property.
Property History for 3 Grant Rd, Somerville, VIC 3912
- 23 Oct 2021Sold for $1,110,000
- 07 Oct 2021Listed for Sale ONLINE AUCTION- Current Bid $900,000
- 27 Sep 2018Listed for Rent $425 / week
Recent sales nearby
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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 5,877 properties. Over the last 5 years, Houses in Somerville have seen a 34.44% increase in median value, while Units have seen a 30.40% increase. As at 30 November 2025:
- The median value for Houses in Somerville is $933,808 while the median value for Units is $617,063.
- Houses have a median rent of $650 while Units have a median rent of $550.
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