7 Swamp Gum Place, Somerville VIC 3912
7 Swamp Gum Place, Somerville VIC 3912
4 bed family house | 750m² block | 4 car capacity | school-zoned | Somerville
This property sits comfortably within what Somerville families actually want — a detached four-bedroom house on a solid mid-sized block with generous parking. The 750m² land size puts it at the upper end of standard suburban offerings, giving it more outdoor flexibility than many neighbouring homes without pushing into acreage territory. It is best suited to owner-occupier families, particularly those with multiple vehicles or tradespeople needing the four-car setup, and it aligns well with the local school catchment pattern. The configuration is unremarkable but practical, which means it should appeal broadly rather than to a niche buyer.
The value picture here may hinge on condition and presentation more than anything else, since the layout and land size are fairly standard for the area. A well-maintained interior with modern kitchen and bathroom finishes could push it toward the upper part of its likely range, while dated finishes might cap interest. The four-car capacity is a genuine differentiator that could justify a premium for the right buyer, but it may not matter to everyone. The absence of confirmed build age or renovation details means the buyer should inspect carefully to gauge what ongoing costs might arise.
|| Comparable Sales: 1 Swamp Gum Place sold for $770,000, 3 Swamp Gum Place listed at 4/2/2 on 672m² | Property Price Band: $700K–$800K | Value Drivers: land size, parking capacity, condition
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Swamp Gum Place, Somerville VIC 3912
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Somerville, a growing semi-rural suburb 55km southeast of Melbourne, offers established shopping, schools and sporting facilities. Demand is being driven by owner-occupiers and investors attracted to relatively fast turnarounds: houses sell in a median 28 days, units in 14, with house rents up 8.3% year-on-year. The house median sits near $800,000 across recent sources; REIV records 2.3% quarterly growth, while annual estimates range from -6.0% to +5.64%. Units, pegged around $605,000, show similar data divergence, though view.com.au reports 12.1% annual growth. Gross yields are firm, at 3.9–4.3% on houses and 4.2–4.7% on units. The suburb’s semi-rural character, continued development and local infrastructure underpin future appeal.
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PropCred Estimated Value
Comparable Sales: 1 Swamp Gum Place sold for $770,000, 3 Swamp Gum Place listed at 4/2/2 on 672m² | Property Price Band: $700K–$800K | Value Drivers: land size, parking capacity, condition
Bedrooms
4
Bathroom
2
Parking
4
Land
750m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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