3 Sherbrooke MewsSomerville VIC 3912
Property Details for 3 Sherbrooke Mews, Somerville
3 Sherbrooke Mews, Somerville is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2004. The property has a land size of 820m2 and floor size of 196m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (December 2021)
INVESTORS : This terrific property offers the astute investor a great opportunity for good capital growth. Currently leased to Defence Housing on a long term lease which expires in 2025 with a 3 yr option which would take it through until 2028! Renting at $520 PW with the annual rent review due again in December. Conveniently located in a sought after area of Somerville, tucked away amongst beautiful surrounds, this wonderful home is within easy access to local primary and secondary schools, shopping centre and public transport.
A DHA (Defence Housing Australia) lease offers the new owners guaranteed rental income, resulting in stress free investing, regardless of whether the home is tenanted. Ideal for investors from anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option to get started.
PROPERTY FEATURES:
* 3 Separate living areas - includes huge rumpus room
* Large outdoor entertaining area
* Gas ducted heating
* Double lock up garage with internal access
* Security Screens throughout
* Fully fenced flat rear yard
* Large 820 sqm block
* Built In 2004
LEASE DETAILS :
* Lease edition Lease Edition 6
* Lease start date 11/02/2019
* Lease end date 11/02/2025
* Lease option 1 x up to 36 months
* Right to vary 1 x up to 12 months reduction and 1 x up to 12 months extension
* All options extensions are in DHA's favour
RENT : $520PW and assessed again in December
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most non structural maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* Zero re-letting fees
RATES :
Council approx $1750 annually
Water approx $580 annually
These are just some of the benefits of the DHA lease attached to this property. Enjoy all the benefits of rental guarantee and a no-fuss investment property; let DHA do all the hard work for you.
* * Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place. Visit dha.gov.au to learn about the benefits of investing in a DHA property. If you would like to arrange an inspection please contact Sharon Richter of Hudson Property Agents. In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
Information provided above has been obtained from various sources from which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a Floorpan, build date, land size, floor plans and size, property condition. Interested parties should make their own enquiries and conduct their own due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.
Property History for 3 Sherbrooke Mews, Somerville, VIC 3912
- 28 Sep 2021Sold for $811,000
- 14 May 2021Listed for Sale $810,000 - $835,000
- 18 Mar 2014Sold for $425,000
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0About 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 5,860 properties. Over the last 5 years, Houses in Somerville have seen a 18.73% increase in median value, while Units have seen a 14.89% increase. As at 30 April 2026:
- The median value for Houses in Somerville is $931,434 while the median value for Units is $616,103.
- Houses have a median rent of $650 while Units have a median rent of $560.
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