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VIC › Somerville › Coolart Rd

381 Coolart Rd, Somerville VIC 3912

Rural Property

$1,800,000

Last sold

11 Aug 2025

5

Bedrooms

3

Bathrooms

2

Car spaces

4,102 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,800,000 (11 Aug 2025).(Recorded sale)
  • FactLand 4,102 m²; no building size recorded.(Property record)
  • CalculationRecorded Rural Property sales in Somerville (last 5 years) with land size: median $323/m² of land (n=15). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$1,800,000

11 Aug 2025 · derived via latest_sale

Local land rate: recorded Rural Property sales in Somerville (last 5 years) with land size have a median of $323/m² of land (n=15). 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.

See the full Somerville report →

Vs Somerville

+96.7%

Median sale

Suburb $915,000

-1.62 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 and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$1,800,00011 Aug 2025
  2. Listedprice unknowncompleted30 Apr 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Somerville in one glance

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.

See the full Somerville report →

Keep researching

  • Why Somerville? Read the area thesis →
  • What else is on the market in Somerville →
  • Other records on Coolart Rd →

Listing material

Listed by Homes & Acreage

Grand Family Living on Over an Acre – Dual Occupancy Oasis in Somerville

Welcome to an exceptional opportunity to secure a truly magnificent double-storey family home, perfectly positioned on a sprawling 4102sqm (1 acre) allotment in one of Somerville’s most sought-after pockets. Offering dual occupancy under one roofline, this versatile and expansive residence is the ultimate blend of luxury, lifestyle, and space.

Behind remote-controlled secure gates, a grand formal entry sets the tone for the sophisticated design and incredible scale that lies beyond. Soaring high ceilings frame the generous open-plan living areas, where a formal dining room, family room with Coonara wood fire, and a separate fully equipped theatre room provide ample space for every occasion.

At the heart of the home, the gourmet hostess kitchen will impress the fussiest of chefs – complete with breakfast bar, walk-in pantry, quality appliances, and abundant storage.

Read the full description

The downstairs layout also features a powder room, study with internal garage access, and a luxurious master suite boasting a walk-through robe and indulgent full ensuite.

Upstairs, brand-new luxury carpet adds a plush touch to the additional living area and three oversized bedrooms, which are serviced by a sparkling family bathroom and access to a private balcony with serene garden views.

Outside, the home continues to impress with an immense undercover alfresco zone – ideal for year-round entertaining. Enjoy a built-in BBQ with sink, bar area, and multiple dining and lounging spaces, all overlooking beautifully maintained lawns, veggie garden, and mature landscaping. Additional features include a lock-up shed, garden shed, and double garage.

The incredible self-contained unit with private entry and courtyard is perfect for extended family, guests, or rental income – featuring open-plan living, a kitchenette, and separate bathroom.

Located just minutes from Somerville Shopping District, Peninsula Link, excellent schools, and the Mornington Peninsula’s stunning beaches and wineries, this unique property offers a rare lifestyle opportunity your family will cherish for years to come.

Homes and Acreage is proud to be offering this property for sale – To arrange an inspection or for further information, please contact Shaylee Sweetnam on 0459 906 632.

Features

• Ducted heating

• Refrigerated cooling

• Coonara wood fire

• Ducted vacuum system

• Security system

• Intercom

• Remote-controlled gates

• Double lock-up garage with internal access

Listing description written by Shaylee Sweetnam, Homes & Acreage — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.