1/24 Eramosa Road W, Somerville VIC 3912

Front unit in boutique fourplex | 288m² land share for a unit | 3 beds with ducted heating | Positioned in a broad demographic suburb. This unit presents a configuration that is relatively rare for the immediate area, offering three bedrooms on a 288 square metre land parcel within a small, four-unit complex. This land component is notably larger than typical unit plots, as seen in the sister two-bedroom unit on site, and provides a tangible point of differentiation in a market dominated by houses. The property’s front position within the quiet complex enhances its appeal, while ducted heating and split-system air conditioning deliver modern comfort. It best serves a buyer seeking a low-maintenance entry into the Somerville market with more space than a standard apartment, likely appealing to young families or downsizers given the suburb’s balanced age demographics. The primary decision hinges on the unit’s single bathroom and its competitive position against nearby houses. A three-bedroom, one-bathroom layout is operationally limiting for a family and represents a clear functional deficit against comparable houses, which may cap capital growth and rental appeal relative to two-bathroom homes. The recent strong sales of houses on Eramosa Road West demonstrate buyer preference and budget for freestanding properties. However, the unit’s lower price point, inferred from comparable sales, offers a strategic entry. The commercial logic is to acquire at a discount to house prices, hold for medium-term demographic demand, and potentially renovate to add a second bathroom if the body corporate permits. Proceed only if the purchase price materially reflects the bathroom compromise and you prioritise land size over immediate functionality. Recent comparable sales in Somerville and nearby suburbs include units and townhouses at 3/21 Raymond Street, 9/27 Eramosa Road East, 1/6 Park Lane, 2/31 Station Street, 6/36 Eramosa Road East, 4/296 Jones Road, 2/17 Warrandyte Road Langwarrin, 4/19 Guelph Street, 23/300 High Street Hastings, 4/2 One Chain Road, 1 Lawrence Street, 308A Jones Road, and 31 One Chain Road, alongside houses at 37 and 35 Guelph Street. This volume of similar stock indicates an active market segment, providing clear pricing benchmarks. The value inference for this property is that it must compete directly with this pool of units, where its three-bedroom format and larger land parcel are advantages, but its single bathroom will place it at the lower end of the achievable price range within that group.