49 Eramosa Road E, Somerville, VIC 3912 | Property Value & History | OnTheHouse
 
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49 Eramosa Road E
Somerville VIC 3912

Bedrooms: -
Bathrooms: -
Car spaces: 764
Floor area: 80m2
Land area: 450m2
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Property Details for 49 Eramosa Rd E, Somerville

Building Type
Commercial
Year Built
1990
Floor Size
80m2
Land Size
450m2
Local Government
Mornington Peninsula
Lot/Plan
1/PS300269

Last Listing description (October 2023)

- Modern sub-regional shopping centre of 16,507sqm* GLA, anchored by a full line Coles Supermarket (3,700sqm*), Target DDS (5,176sqm*) with 4 national mini majors and 26 specialty shops

- Located 50km* from the Melbourne CBD, via the recently completed and highly successful Peninsula Link freeway

- Dominant centre in the region, set to benefit from significant state & federal government investment, fuelling strong population growth

- 70%* of total floor space leased to national Major and Mini Major tenants

- Highly convenient at grade car park for 764 vehicles (4.62cars/100sqm*)

- Strategic multi frontage land holding of 49,890sqm* (4.989ha*)

- Strong depreciation benefits due to high-quality condition and recent construction

- Servicing a vast catchment area of 44,660** people, expected to grow to 50,840** by 2026

- Fully leased Net Income of $3,350,000 pa* with strong growth potential

OFFERS RECEIVED

* Approx **Source MacroPlan Dimasi

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Property History for 49 Eramosa Rd E, Somerville, VIC 3912

A timeline of how this property has performed in the market
Last Sold
$315,000
07 Apr 2012
Listed for Rent
$380/w
22 Aug 2019
  • 09 Nov 2020
    Listed for Sale Contact Agent
  • 30 Jul 2019
    Listed for Rent - Price not available
  • 24 Jun 2016
    Listed for Rent - Price not available
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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 23.42% increase in median value, while Units have seen a 21.21% increase. As at 31 March 2026:

  • The median value for Houses in Somerville is $946,015 while the median value for Units is $627,997.
  • Houses have a median rent of $650 while Units have a median rent of $555.
There are currently 35 properties listed for sale, and 1 property listed for rent in Somerville on OnTheHouse. According to Cotality's data, 249 properties were sold in the past 12 months in Somerville.

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