Somerville at a glance
12,251
People
$915,000
Median sale
$579/wk
Median rent
3.29%
Suburb gross yield
Median sale from 105 recorded sales (last 12 months) — a Districts calculation.
VIC › Somerville › Bungower Rd
$1,750,000
Last sold
27 Oct 2017
4
Bedrooms
3
Bathrooms
4
Car spaces
23,894 m²
Land
334.451 m²
Building
Districts View
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,750,000
27 Oct 2017 · derived via latest_sale
Local land rate: recorded Rural Property sales in Somerville (last 5 years) with land size have a median of $325/m² of land (n=16). Districts calculation from recorded sales — not a valuation.
Somerville at a glance
12,251
People
$915,000
Median sale
$579/wk
Median rent
3.29%
Suburb gross yield
Median sale from 105 recorded sales (last 12 months) — a Districts calculation.
Vs Somerville
+91.3%
Median sale
Suburb $915,000
-1.57 pp
Gross yield
Suburb 3.29%
Suburb median $915,000 from 105 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
LOW DENSITY RESIDENTIAL ZONE
LDRZ
Jurisdiction
Mornington Peninsula
Mornington Peninsula, VIC
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICZoned LOW DENSITY RESIDENTIAL ZONE · LDRZ (ZN). Official parcel area about 23,749 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 23,749 m² — land size can look like optionality. What reduces it: VEGETATION PROTECTION OVERLAY - SCHEDULE 1; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 7; EROSION MANAGEMENT OVERLAY - SCHEDULE 7. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $579/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned LOW DENSITY RESIDENTIAL ZONE · LDRZ (ZN). Official parcel area about 23,749 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownlowOfficial parcel about 23,749 m² — land size can look like optionality. What reduces it: VEGETATION PROTECTION OVERLAY - SCHEDULE 1; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 7; EROSION MANAGEMENT OVERLAY - SCHEDULE 7. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Somerville at a glance
12,251
People
$915,000
Median sale
$579/wk
Median rent
3.29%
Suburb gross yield
Median sale from 105 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Nicholas LynchSet well back off Bungower Road situated at the end of a tree lined driveway awaits a breathtaking property featured in open garden schemes occupies a portion of this just under 6-acre (approx.) estate in Somerville. The home and stables are located in tranquil surrounds, where a sparkling tiled pool, fruit grove and vegetable garden provide more distractions. The gourmet country kitchen with a wood-fire stove warms the home in winter whilst solar kicks in during the warmer months. Two large master suites anchor the home spilling out to formal living at one end and apartment-like accommodation at the other - ideal for multi-age living. Two further large bedrooms flank the large family bathroom and WC. The every-day meals area spills out to open-air living surrounded by spectacularly landscaped gardens. The stables house four horses with rooms for tackle, feed, additional storage and a workshop. With outstanding private and public schools within easy reach and Melbourne a leisurely drive, the country life awaits on this generous estate where enduring values are reflected by the taming of nature.
* 6 acres (approx.) with breathtaking landscaped gardens
* Sparkling solar heated & salt chlorinated pool
* 3 internal living areas zoned for family enjoyment
* 2 master suites with loads of wardrobe space in each, ideal for multi-age living
* Gourmet kitchen with wood & pyrolytic ovens
* Mature & well established food garden
* Stables for up to 4 horses, tack, feed, workshop
* Complete tranquility within rural surrounds
* 2.5kw solar electricity plus plentiful rainwater
* Close to Flinders College, Padua College & Penbank
* Short drive to Melbourne via Peninsula Link
Photo I.D. required at Open for Inspections
Listing description written by Leanne Williams, Nicholas Lynch — reproduced as published, not verified by Districts.