24 GRANT ROAD SOMERVILLE VIC 3912

HOUSE FOR SALE

$1,625,000

Estimated Valuation

24 GRANT ROAD SOMERVILLE VIC 3912 Property Photo
Bedrooms

4

Bathrooms

2

Car Space

6

Land Size

3,147 m²

Year Built

1975

Property Type

House

Added 6 hours ago
Listing Price

$1,525,000 - $1,675,000

Listed By
Area Specialist - Victoria
Architecturally significant mid-century modern home fully restored to perfection on a massive 3,147sqm estate. This unique property combines luxury living with extensive outdoor entertaining, featuring a lush rainforest-inspired master ensuite, premium timber finishes throughout, and a substantial workshop, making it an ideal sanctuary for creative professionals or families seeking privacy and style in Somerville.

Description

This distinctive architect-designed residence, originally built circa 1975 by Charles Duncan and recently fully restored, sits on an exceptional 3,147sqm parcel in Somerville. The property offers a rare combination of mid-century character and contemporary luxury, featuring a flat roofline, exposed Oregon timber beams, and radiata pine ceilings that create a warm, airy atmosphere throughout the open-plan living areas. The home is designed for indoor-outdoor living with extensive glazing and a north-east aspect that draws natural light deep into the house.

The heart of the home is an expansive new kitchen featuring Woodmatt Oak cabinetry, charcoal drawers, Caesarstone benchtops, and premium Asko appliances. This connects to a galley-style laundry with Mountain Ash timber benchtops and integrated LED lighting. The living area includes a premium remote-controlled Illusion gas log fire and new Rinnai whole-house heating and cooling. A unique central atrium/conservatory-style alfresco area brings greenery into the home, complete with indoor planting and festoon lighting.

Accommodation comprises four bedrooms, all fitted with premium NZ wool loop-pile carpets and new matte-black framed aluminium wardrobes with smoked glass. The master suite is located at the opposite end of the home for privacy and features a lush rainforest-inspired ensuite retreat with deep natural greens, warm timber, organic stone, and abundant greenery to create a spa-like sanctuary. The main bathroom features porcelain tiling, luxury fixtures, and a 1700mm Caroma bath set within a dramatic LED-lit hob.

Outside, the property delivers an extraordinary amount of space with landscaped gardens predominantly planted with Australian natives surrounding expansive areas of lawn. Multiple pergola and outdoor entertaining areas extend living spaces into the garden, including a new front pergola and bifold stacker doors opening to the rear patio. The grounds also include a substantial 75sqm powered rear shed and workshop with a Coonara wood heater, perfect for hobbies or serious workspace.

Additional features include a spacious home office, remote-controlled blinds throughout (specifically in the master bedroom and main living areas), and a two-car undercover semi-enclosed garage with a large adjoining storage room. The property enjoys a remarkably central Peninsula position, just a short walk to Grant Road Reserve and village shops, offering an enviable balance of privacy, land, lifestyle, and accessibility.

Property Style & Condition

Overall
modern
excellent
Condition
Exterior
mid century modern
excellent
Condition
Livingroom
contemporary
excellent
Condition
Bedrooms
contemporary
excellent
Condition
Kitchen
contemporary
excellent
Condition
Bathroom
contemporary
excellent
Condition
Yard
landscaped
excellent
Condition

Key Features

3,147sqm land parcel
Architect-designed by Charles Duncan (circa 1975)
Recently renovated and restored
Exposed Oregon timber beams and radiata pine ceilings
North-east aspect with extensive glazing
Expansive new kitchen with Woodmatt Oak cabinetry and Asko appliances
Central atrium/conservatory alfresco area
4 Bedrooms with NZ wool carpets and custom wardrobes
Rainforest-inspired master ensuite
Main bathroom with 1700mm Caroma bath and LED hob
Spacious home office
Premium Illusion gas log fire
Rinnai whole-house heating and cooling
Remote-controlled blinds throughout
Central Atrium/alfresco with indoor planting
Multiple pergola and outdoor entertaining areas
75sqm powered rear shed/workshop with wood heater
Landscaped gardens with Australian natives
Two-car undercover semi-enclosed garage with storage
New front entry doors and bifold stacker doors
Close to village shops and Grant Road Reserve

Specifications

Property Details
Property Type House
Architectural Style mid century modern,luxury
Stories 1
Parking Type attached garage, driveway
Construction brick,wood frame
Windows double pane,floor to ceiling
Gas natural gas
Internet nbn
Location & Setting
Setting suburban
Lot Position interior lot
Views garden, nature
Beach Proximity short drive
Nearby Amenities
Near parks
Near shopping
Near restaurants
Rental Information
long term rental only

Exterior

patio
covered patio
alfresco
pergola
privacy fence
mature landscaping
native garden
workshop
shed
driveway
circular driveway
heat pump

Indoor

open floor plan
fireplace
kitchen island
quartz countertops
stainless steel appliances
laundry room
home office
primary suite
ensuite bathroom
soaking tub
ceiling fan
recessed lighting
sliding glass doors
built in shelving
refrigerator
oven
gas range
dishwasher
washer
dryer
central
split system
privacy fence
single story
Listed on 29 Sep 2026

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State Average (Violent) 1 in 84

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1 The Property

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2 Your Situation

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3 Costs & Assumptions

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NSW 2026: nil up to $1,075,000 combined land value, then $100 + 1.6% of the excess, rising to $88,036 + 2% premium rate above $6,571,000. Computed land tax replaces the figure in section 3.
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Calculating…Verdict ?
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rent cash flow + capital gain − all costs & tax
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What this shows
Property value (grey bars, left axis) is the projected market value each year using your capital-growth assumption. The capital profit if sold line (coral, left axis) is the money you'd actually walk away with that year after repaying the loan, paying selling costs, paying CGT, and getting back the cash you put in. The rent collected line (teal, right axis) is gross annual rent received, grown at your rent-growth assumption.
What this shows
Three views of how the position evolves year by year. Property value (dashed) shows the asset growing at your capital-growth rate. Equity (coral) is value minus loan balance — how much of the property you actually own. Cumulative cash flow (teal) is the running total of all after-tax rent (positive) or top-ups (negative) you've put in since day one.
What this shows
The yearly cash position after every cost and tax effect. Green bars = positive years (the property paid you). Red bars = years you had to top it up from your pocket. This is the most honest picture of what holding the property feels like on a year-to-year basis.
What this shows
Where every dollar of the projected sale price goes. Net to you is what lands in your bank account; the rest is consumed by loan payout, selling costs and capital gains tax. The CGT slice depends on which regime applies (50% discount, indexation + 30% min tax, or a split of the two).

What this shows
How fragile your outcome is to the capital-growth assumption — the single biggest swing factor in any property forecast. Each point on the line re-runs the entire model at a different growth rate. Where the line crosses the dashed zero, that's roughly the growth rate needed just to break even over your hold period.

What this shows
The same upfront cash invested four different ways, held the same number of years. The property includes all rent, costs, tax and the final sale (after CGT and loan payout). The ASX 200 ETF compounds at its assumed total return; the gold line compounds at gold's long-run average; the inflation line is what you need to just preserve your purchasing power. Any year the property bleeds cash, that shortfall is invested in the comparison asset too (so they get the same total dollars over the life of the deal). Gains on the comparison assets are taxed under the same 2026-Budget CGT regime that applies to shares and ETFs — the transitional split (50% discount on the pre-1 Jul 2027 portion, then cost-base indexation + 30% minimum tax on the post-1 Jul 2027 portion), since non-property assets are never grandfathered.
What this shows
The full year-by-year ledger. Cash flow is pre-tax (rent minus all cash costs); tax effect is the value of any deduction or the tax bill on net profit; after-tax is the actual dollars in or out of your account that year. Cumulative is the running total.

About this model

Reflects the 2026 Federal Budget proposals (announced 12 May 2026): from 1 July 2027, negative gearing on established residential property bought after 7:30pm 12 May 2026 can only offset rental income / residential property gains (excess losses carry forward), and the 50% CGT discount is replaced by cost-base indexation plus a 30% minimum tax on the real gain accruing after 1 July 2027. The CGT change applies to all CGT assets (shares, ETFs, gold, crypto), not just property, so the comparison assets are taxed on the same basis. New builds retain full negative gearing and the choice of the 50% discount. Properties contracted on/before 12 May 2026 are grandfathered. The main residence, superannuation funds and widely-held trusts are exempt. These are proposed rules that may change in legislation. Resident tax rates 2025–26 are used (incl. 2% Medicare levy). This is general information, not financial, tax or legal advice — consult a licensed adviser before acting.
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Purchase Price
$850,000
AUD
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Property State
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Total Additional Costs
On top of the $850,000 purchase price in NSW
Extra Costs
$52,000
All-In Cost
$902,000
% of Price
6.1%
How these figures are calculated

Stamp Duty (Transfer Duty): Calculated using each state's 2024–25 residential transfer duty brackets for owner-occupiers. First home buyer concessions and investor surcharges are applied where selected.

Lenders Mortgage Insurance (LMI): Estimated at approximately 1.5–2.5% of the loan amount, assuming an 85% LVR. Actual LMI depends on your lender, LVR and loan size.

Conveyancing / Legal Fees: Typical range of $1,500–$3,000 covering contract review, searches and settlement. We use a mid-range estimate.

Building & Pest Inspection: Typically $400–$800 combined for a standard residential property.

Loan Application & Mortgage Registration: Includes bank application fees ($300–$600), mortgage registration (state-based, usually $150–$230) and transfer registration fees.

Council & Water Rate Adjustments: Estimated at around 0.1% of the purchase price — the buyer typically reimburses the seller for pre-paid rates.

These estimates are indicative only. Always confirm exact figures with your conveyancer, broker and the relevant state revenue office before committing to a purchase.

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