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 › Parklands Ave
4
Bedrooms
3
Bathrooms
2
Car spaces
745 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Somers (last 5 years) with land size have a median of $1,284/m² of land (n=82). 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.
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 The Coast Real Estate*All properties now available for private inspection by appointment only.*
Every once in a while we have the pleasure of marketing a benchmark home that surpasses all expectations of timeless design and position, Leopoldo Di Mare is such a home.
From the instant you step onto the expansive waterfront deck your attention shifts to the ever-changing mouth of Merricks Creek, the ocean and the backdrop of the Island. For beach lovers take the bridge across to the spit or cut through the dunes to the promenade beach or when the creek allows paddle from the back gate to the sea.
The stunning kitchen captures the magnificent views and is suitably equipped with AGA double stove / cooker and conventional stainless steel gas cooking, Miele dishwasher, large island bench breakfast bar, double-door fridge opening and sensational walk in pantry.
The ideally located meals area flows across to the living / dining room that's blessed with northern aspect and opens to the terracotta tiled terrace that's finished with wrought iron balustrade.
Taking in the magic water views and offering direct deck and terrace access is the deluxe main bedroom with ensuite and parents retreat which provides the space and comfort to fully appreciate how lucky we are to live in such a beautiful part of the world.
Cleverly designed with a lower level self-contained apartment and separate rumpus providing the ideal space for guest and extended family. On the upper level there are an additional two bedrooms with a shared / semi-ensuite bathroom and separate powder room to suit all your accommodation needs.
Features include:
* Easy access to the beach, Merricks Creek, Coolart Wetlands and Homestead.
* Double garage workshop and plenty off-street parking and storage.
* Sensational waterfront deck and north facing upper level terrace.
* Stunning views from the modern kitchen, AGA cooker and 2nd gas stove.
* Mediterranean inspired, French balconies with wrought iron balustrades.
* Land 745m2 approx. General Residential Zone with waterfrontage.
CONDITION OF ENTRY: COVID-19 (coronavirus)
To help prevent the spread of COVID-19 (coronavirus) we are imposing specific conditions of entry to our office and home inspection. Full details here:
https://www.thecoast.com.au/wp-content/uploads/2020/03/Covid-19-Condition-of-entry-copy.pdf
Listing description written by Jackie Wright, The Coast Real Estate — reproduced as published, not verified by Districts.