21 Wills Road, Somers VIC 3927
21 Wills Road, Somers VIC 3927
Coastal detached house | Low-density suburb | Owner-occupier market | Bushfire overlay possible | Off-market listing
This property sits within a coastal, low-density suburb where detached houses dominate the stock profile, making it a natural fit for buyers seeking a permanent family home or a weekend coastal retreat. The area’s household mix leans toward couples, both with and without children, which aligns with the property’s likely configuration as a standalone residence on a reasonable lot. Its off-market status suggests a quieter sale process, often appealing to buyers who prefer discretion over competitive auction pressure. The property serves best those prioritising lifestyle and space over rental return, given the suburb’s character as a lifestyle market rather than a high-yield investment zone.
Value may be shaped by the property’s exact land size and dwelling condition, which are not confirmed here. The presence of bushfire planning controls in the immediate pocket might affect renovation scope or insurance costs, so a buyer should weigh this carefully. The low rental yield in the area suggests price is driven more by owner-occupier demand than investor appetite, meaning presentation and layout will likely matter more than income potential. Any need for updates or compliance work could influence what a buyer is willing to offer.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Wills Road, Somers VIC 3927
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Somers is a tightly held, premium coastal market on Western Port Bay, 67km from Melbourne’s CBD. Demand is driven by an older, asset-rich demographic: high outright ownership, a prevalence of childless couples, and a lifestyle-led buyer profile. The median house price is $1.4–1.5m, with annual growth estimates ranging from 0.6% to 10.3%. Sales volumes are thin—37 to 39 houses annually—and vacancy is 0.58%. Rents of $670–725 per week produce gross yields of 2.1–2.6%. Future gains rest on scarce coastal supply and stable owner-occupier demand, but thin turnover, rate sensitivity, and affordability are constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 25 Belvedere Road sold $695,000 in 2015; 90 Tasman Road sold Sept 2021 | Property Price Band: $1.0M–$1.1M | Value Drivers: Land size, dwelling condition, coastal location appeal
Bedrooms
3
Bathroom
1
Parking
-
Land
791m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!