Somers at a glance
1,741
People
$1,205,000
Median sale
$503/wk
Median rent
2.17%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
VIC › Somers › Gregory Ave
$1,120,000
Last sold
2 July 2024
3
Bedrooms
1
Bathrooms
1
Car spaces
1,114 m²
Land
84 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
$1,120,000
2 July 2024 · derived via latest_sale
Local land rate: recorded House sales in Somers (last 5 years) with land size have a median of $1,287/m² of land (n=81). Districts calculation from recorded sales — not a valuation.
Somers at a glance
1,741
People
$1,205,000
Median sale
$503/wk
Median rent
2.17%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Vs Somers
-7.1%
Median sale
Suburb $1,205,000
+0.17 pp
Gross yield
Suburb 2.17%
Suburb median $1,205,000 from 24 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
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
VICPlanning 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.
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
No advertised rent is recorded. Suburb median rent $503/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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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
Somers at a glance
1,741
People
$1,205,000
Median sale
$503/wk
Median rent
2.17%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Homes & AcreageEmbodying the charm of classic beachside living in the tranquil enclave of Somers, this original two/three-bedroom home is just a leisurely stroll from the General Store and the beach. Radiating vintage appeal while brimming with potential, this home is set on a flat, north-facing allotment and comes complete with proposed plans for a luxurious architectural upgrade. It epitomises both current and future dreams, with plans and permits for a brand-new single-level residence to be built on the generous 1,114sqm (approx.) site.
Utterly charming and steeped in nostalgia, this classic home captivates with its irresistible charisma. The fantastic layout includes two large bedrooms (with a study that can be changed to a third bedroom), complementing open-plan living and dining areas beneath subtly raked ceilings and a cozy wood-burning fireplace. The well-equipped kitchen extends into the native surroundings, allowing you to soak in the natural beauty for which Somers is renowned, with outdoor spaces inviting relaxation that beautifully complements the home's allure.
For those envisioning the future, the proposed architectural plans and permits pave the way for unparalleled luxury. Featuring a large living area and four bedrooms, including a master suite with a lavish ensuite, plus a study or second living area with ample storage, this home offers more than meets the eye. With breathtaking finishes and a gourmet kitchen at its heart, it will impress those seeking carefree living in a peaceful Peninsula setting or investors after a holiday escape. Just 400m to the beach access track and a short stroll to the primary school and General Store, with Balnarring Village only minutes away, this exclusive offering is rare and enticing.
Homes and Acreage is proud to be offering this property for sale – To arrange an inspection or for further information, please contact the office on 1300 077 557 or office@homesacreage.com.au
Features:
● Classic two/three-bedroom home
● Study which can be a 3rd bedroom
● Potential for now and future
● Land size: 1,114sqm (approx.)
● North-facing allotment
● Open-plan living/dining/kitchen
● Family bathroom with separate WC
● Slow combustion wood heater (lounge)
● Timber flooring
● Native garden surroundings
● Endearing vintage charm
● Carport parking
● Garden studio
● Plans & permits for luxurious new build
● This new single-level home features four bedrooms and 2.5 bathrooms.
● It also includes a spacious office/studio that can serve as a second living area.
● Updated plans for landscaped gardens
● 400m from beach access track
Listing description written by Candice Blanch, Homes & Acreage — reproduced as published, not verified by Districts.