Unlock the Potential in the Heart of Somerville

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4 Jordan Street, Somerville VIC 3912

Reserve: $450,000

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$450k - $473k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 1 Bath 1 Car 663 m² 110 m²

Listed: 3 days ago

Overview

Set on a generous 663 square meter block, this property offers a substantial foundation for those eager to invest in the Somerville market. The 110 square meter building with four bedrooms and one bathroom presents an excellent canvas for renovation or rebuilding, with the included workshop adding valuable functionality for hobbyists or those requiring workspace.

Situated conveniently in the heart of Somerville, the location affords easy access to local shops, cafés and eateries, placing everyday amenities within comfortable reach. The property's position in a well-established community enhances its appeal, providing prospective buyers the chance to settle in a sought-after area with strong local connections.

The single carport meets parking needs while complementing the practical lifestyle this home supports. This property will satisfy renovators, builders or buyers seeking a project with significant potential to shape a personalized living environment in a vibrant suburb.

Local Market Insights

In Somerville, Quiet Listings observed 17 new houses entering the market over the last 30 days, down from 29 during the previous 30-day period, with an average advertised asking price of $1,413,235. The property type mix of listed properties is predominantly Houses at 74%, followed by land (17%), and units (9%). The most active agency for houses in the Somerville area is currently Homes & Acreage, representing 35% of new listings, followed by Ash Marton Realty with 12%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.