VIC Registered Law Firm, LEAD Conveyancing

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Lead Legal Services Pty Ltd (ABN 86 640 514 558)
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Somerville is situated in the Shire of Mornington Peninsula. It is part of Greater Melbourne and is 55km away from the Melbourne central business district. Somerville covers a 38 km² land area and is 17km away from Frankston. Somerville has a total of 27 parks. These parks cover 1.2% of the total land area. 

The population of Somerville has been growing rapidly over the last few years. The real estate market seems to follow suit. In 2011, the number of people residing in this town numbered 10,730. By 2016 the population had grown to 11,336, reflecting a 5.6% increase. The real estate market in Somerville is likely to witness a boom as the population increases in subsequent years. 

A majority of households in Somerville tend to be established couples living with their families. The predominant age group is in the range of 30 – 39 years. Albeit, it is not rare to see older couples living with their families in this suburb. The working-class population in Somerville are mostly traders living in rental or owned properties. 

The prices of real estate properties in this suburb are rising steadily. The median sale price for houses is currently $726,000. Interestingly, investors have seen a median price change of 18.57% in the last 12 months. For units, the median sale price is $500,000. Investing in rental properties in Somerville is very promising. Units have a median rent of $410 per week. Houses, on the other hand, have a median rent of $465 per week 

• The median yield for rental houses is 3.3%
• The median price change in the sale of units is 9.8% in the last 1 year.
• The compound growth rate for houses in the last 5 years is 9.7%

Perhaps you’ve found a real estate property in Somerville. Obtaining ownership of the property is the next step. There are processes involved in acquiring the ownership of a house or unit in this suburb of Melbourne. A conveyancing lawyer can make the processes smooth and error-free. Conveyancing is the legal process of transferring the ownership of a real estate property from the old owner to the new owner. 

There are three phases of a conveyancing transaction. As a buyer, you might find navigating these phases quite tiring. A conveyancing lawyer has the expertise to complete these phases without a hitch successfully. However, you might feel the urge to complete the settlement process without the aid of a conveyancing lawyer. You might save a little money, but you will face the risk of losing the property if something goes wrong. You might also end up losing your 10% deposit. 

A licensed conveyancer is a bit different from a conveyancing lawyer. Choosing the right one is very important. A Somerville conveyancing lawyer is more suited for your conveyancing needs. A conveyancing lawyer can provide legal advice beyond what is needed for a standard contract of sale. This allows you to be protected all-round due to the broader scope of the conveyancing lawyer’s work. 

Enlisting the best conveyancing service is also important. The best conveyancing services assist you in lodging legal documents. They also represent your best interest with the seller or their agent. If you’re the seller, your conveyancing lawyer will assist you in completing all legal documents. Your conveyancer will also represent you in dealings with the buyer. LEAD Conveyancing offer the best services.

The town of Somerville once had its town centre located around the lower Somerville Road. Many of the buildings constructed then are still present today. The railway was situated 1 mile from this road but was relocated to where it currently is in the 1890s. The first post office in the area, currently known as Somerville, opened in the year 1870. This post office was eventually closed in the year 1893. Somerville was known for its fruit orchards during the early 1900s.

In 1923, the Somerville War Memorial was unveiled. Then, in 1966, this war memorial was eventually moved to Clarinda Street. This was because of the spontaneous growth in population and traffic at the intersection. Somerville has been experiencing a lot of development recently. There are supermarkets and specialty stores in the vast shopping district. The exemplary Somerville Hotel is a major landmark in this town. 

Suburbs surrounding the town of Somerville include: 

• Baxter
• Moorooduc
• Tyabb
• Pearcedale
• Western Port
• Frankston South
• Langwarrin

Spend a weekend away from Melbourne. Somerville offers you a relaxing atmosphere. There are several local attractions present in this town. You can be certain of visiting many interesting places and doing many of your favorite things. Some of the places you can visit and enjoy include:

Dinosaur World 

If you are obsessed with dinosaurs, this spot is for you. Kids will particularly love this park. This little entertainment centre will intrigue you. Kids can play in the sandpit and go fossil digging after that. There’s also a BBQ area for meat lovers. 

Vesbar 

Great coffee is served at the Vesbar. The staff at this bar are known to be professional and friendly. Not just coffee, the pizza chef at the spot is a professional. You’ll definitely want some more. Interestingly, you can sip on Espresso Martinis while listening to the fantastic band and enjoying the atmosphere. 

Chiefs Son Distillery 

This is where you can enjoy the award-winning Single Malt Whisky in Somerville. Feel free to visit the tasting room and sample up to four different whiskies. No food is served here, but you can enjoy watching the working distillery floor. You can also tour the barrel area, bottling line, and the 4000-liter still. 

Other interesting places to visit in Somerville include: 

• Fruit Growers Reserve
• Colchester Park
• Yumarrala Wetlands
• Sea Sherpa
• Bembridge Golf Course