Back 8/5 Raymond Street
Off Market

8/5 Raymond Street

Somerville VIC 3912

2
1
2
260 m²
Unit
Last sold for $580,000
James StamatopoulosJames Stamatopoulos, last sold this property on 31 August 2025 after 59 days on market.

Overview

Move-In Ready 2BR/1BA Unit on 260sqm

Immaculate condition and ready to move in! This incredibly tidy 2-bedroom, 1-bathroom unit sits on a generous 260sqm block, offering endless opportunities for first home buyers, downsizers, and investors alike. The property boasts excellent presentation throughout and could easily be your home for years to come, or provides the perfect canvas for renovation to suit your personal taste. The spacious land parcel adds significant value and potential for future development or outdoor entertaining. Perfectly positioned in a highly convenient location with easy access to local shops, reliable public transport, quality schools, major roads and freeway connections, plus nearby parks and recreational facilities. Whether you're looking for an affordable entry point, a low-maintenance lifestyle, or a solid investment opportunity, this property delivers on all fronts. Don't miss out - inspect today and see why this one ticks all the boxes! Should you require any further information, please do not hesitate to contact James Stamatopoulos on 0400 210 425 anytime. Please note Photo ID is required for all inspections. All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Features

2 bedrooms
1 bathroom
2 carspaces
1 open car space
1 garage space
260 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Somerville over the last 12 months, the estimated median property value of 8/5 Raymond Street is $595k.

Median value
$595k
Estimated value range
$510k - $680k
Median days on market
15
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Somerville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 8/5 Raymond Street

2025
Sold
$580,000
Private Sale/Treaty on 31 Aug 2025 by James Stamatopoulos, of Ray White Frankston

Happy sellers in Somerville

88%
88% of sellers in Somerville reported that their sale price either exceeded or met their price expectations.

Somerville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 49 reviews in Somerville over the last 12 months.

Local market activity for 2 bedroom units in Somerville

In the last 12 months, 16 two-bedroom units similar to 8/5 Raymond Street, have been sold.

This represents a 6% decrease in two-bedroom units sales when compared to the previous 12 months.

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