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525 Somerset - Sun Orchid Grove, Bannockburn$868,465

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525 Somerset - Sun Orchid Grove

Bannockburn, VIC 3331, Australia

$868,465

4 bed 2 bath 2 car525 m²

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About this property

The Ibiza 407 House and Land Package! * Mimosa Homes New Added Value Inclusions: - Inclusive of site costs & connections with H1 class slab as per standard inclusions! - 50 year Structural Warranty! - Colorbond Steel Roof to double storey homes only! -Quality floor coverings throughout entire home! - Higher ceilings 2550mm to ground floor! - Double Glazed Awning windows! - LED Downlights to entire home! - Vitrified Compact Surface benchtop to kitchen, bathroom & ensuite! - 900mm S/S upright oven and cook top with S/S canopy rangehood! - Stainless steel Dishwasher and Microwave - 4 star ducted gas heating unit! - 7 star energy! - Flexible floor plans & so much more! CALL BUILDER DIRECT! All plans and facades are indicative only and may change. Mimosa Homes may amend plans, specifications, and prices without notice. Package prices are based on a standard facade, standard inclusions, and suitable land availability, excluding developer/estate requirements. Facade and inclusion images may show non standard items not included in the price. Dimensions are approximate. Landscaping, fencing, decking, planter boxes, driveways, and paths are excluded unless specified.

Property Details

Property Type: house
Listing Type: For Sale
Bedrooms: 4
Bathrooms: 2
Parking: 2
Land Area: 525 m²
Listed: 2 months ago

Repayment calculator

$4,210/month

$2,105 /fortnight

Loan $694,772 at 6.10% over 30 years

Upfront costs

Deposit$173,693

Stamp duty$47,178

Conveyancing (est.)$2,000

Total upfront$222,871

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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Bannockburn

This 4-bedroom house in Bannockburn, VIC 3331 sits within reach of public transport, local shops and nearby schools. It is listed 37% above the $635,734 median of 93 comparable houseswithin 5 km.

Schools near Bannockburn

Bannockburn P-12 Collegecombined · Prep-12 · CoEd
St Mary MacKillop Catholic Primary Schoolprimary · Prep-6 · CoEd

What's nearby

McPhillips Rd/High St (bus) — 132 m away
Bannockburn Newsagency — 173 m away
Lions Park — 105 m away
Unnamed — 225 m away
Imperial Way Bush Reserve — 626 m away

Bannockburn at a glance

Full suburb profile

Population: 6,470
Median age: 35
Household income: $2,055/wk
Median rent: $390/wk
Median mortgage: $1,863/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

Bannockburn is experiencing moderate infill and greenfield residential development typical of regional Victoria, with incremental growth pressures along transport corridors and town centre revitalization initiatives. Council planning reflects balanced densification around the township core while preserving agricultural and lifestyle zoning in peripheral areas. Infrastructure upgrades are supporting gradual population growth of 1-2% annually.

Nearby projects

Closest

0.3 km

Local Infrastructure Upgrade - Main Street

Distance from this property is exact (rings = km). Direction is illustrative.

Local Infrastructure Upgrade - Main Street

0.3 km

InfrastructureUnder construction

Road widening, drainage and utility upgrades to support increased population and traffic.

2024-2025

300 m

Bannockburn Township Mixed-Use Precinct

0.5 km

Mixed-useProposed

Town centre revitalization incorporating retail, office and medium-density residential around the existing commercial core.

2026-2027

500 m

Residential Subdivision - Stony Creek Road

1.2 km

Residential subdivisionApproved

40-50 lot residential estate development on greenfield land targeting first-home buyers and families.

2025-2026

1.2 km

Industrial Land Release - Geelong Road Corridor

2.5 km

Industrial/CommercialApproved

Light industrial and trade service zoning along transport corridor to support local economic activity.

2025

2.5 km

Rural Lifestyle Lots - Scenic Road Precinct

3 km

Residential subdivisionProposed

5-10 hectare agricultural/lifestyle blocks maintaining the area's semi-rural character.

2026

3.0 km

Source: StMate AI — VIC development trends06/05/2026

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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