56 Bungower RoadSomerville VIC 3912
Property Details for 56 Bungower Rd, Somerville
Last Listing description (November 2022)
Get in quick to secure this fantastic opportunity set on approximately 12 Hectares or 120,097m2 for the astute buyer to secure a large parcel of land and investment for future with multiple options. A recently rendered 3-bedroom home with adjacent storage sheds and animal shelter, perfect for your renovators or simply knock down and rebuild, with plenty of fenced off paddocks and feeding areas with a functional dam picture perfect for livestock and farming - the choice is yours.
This ideal country home location is only minutes away from the new Peninsula Link and surrounded by Port Phillip Bay and Western Port Bay for magnificent day trips down the Mornington Peninsula and just a short drive into town with all that Somerville has to offer presents the best of both worlds with a country feel together with suburban luxuries. Currently tenanted and returning approximately $31,300 annually makes this a great investment with multiple options - so make sure to call today and explore the potential on your future lifestyle and venture!
DISCLAIMER:
Property History for 56 Bungower Rd, Somerville, VIC 3912
- 06 Nov 2020Sold for $1,800,000
- 26 Jul 2019Listed for Sale Contact agent
- 20 Feb 2017Listed 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.
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