1/14 Clarendon Drive, Somerville VIC 3912

Fully renovated unit | Somerville’s fastest-selling segment | No overlays or body corporate | 87sqm with garage | 4-month reflip signals momentum. The buying case rests on scarcity of finished, low-maintenance units in a suburb where 2-bedroom stock turns over in 22 days and values have risen 9–14% annually. The renovation removes the discount risk of dated interiors, while the absence of bushfire, flood, or heritage overlays and no body corporate fees lower holding costs. This property suits a first-home buyer seeking immediate occupancy without further capital outlay, or an investor chasing the suburb’s 4.1% rental yield with a tenant profile that favours quick lease-up. The 87sqm internal area, garage, and open-plan layout are competitive against newer apartments that trade smaller floorplans for higher density. The principal risk is the rapid reflip: purchased for $490,000 in January 2025 and relisted four months later at a $85,000–$140,000 premium. This may reflect genuine renovation value, but it also narrows the buyer’s equity buffer if the market softens. The opportunity is to negotiate within the listing range using the short hold period as leverage, particularly if the vendor needs a clean exit. NBN FTTB and 5G coverage are functional but not price drivers. Hold for medium-term capital growth or lease immediately for cash flow; the unit’s condition and location support either strategy without forced upgrades.