FOR SALE
By negotiation closing 5pm 22 Nov.

11 Somerton Crescent
Derwent Park TAS 7009

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 971m2
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Leased at $500pw | Scope for 2 Additional Units.

Well-presented and recently renovated, this three-bedroom home is located on a large and level approx. 971m2 parcel of land with wide (approx. 3m) driveway access & ideally suited to strata development*.
Currently occupied by an excellent long-term tenant, the property is returning $500 per week until January 2025 with scope to extend.
The home features an open plan kitchen, dining and living area, three generously sized bedrooms, and central spacious bathroom, as well as a separate toilet for added convenience. Also, a large laundry with direct external access further complements the practical layout of this home.
Stepping outdoors into the large rear yard, you will find established hardy trees, a small shed and also a large shed.
Importantly though, benefiting from 'General Residential' zoning and totally approximately 971m2 of level land, this low-maintenance and affordable home or investment property would make an intelligent development opportunity with scope for two additional dwellings*.
• Renovated kitchen and bathroom
• Currently tenanted at $500 p/w until January 2025
• Scope for multi-dwelling strata development (STCA)
• On-trend neutral tones throughout
• Three great size bedrooms
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Property Details for 11 Somerton Cres, Derwent Park

11 Somerton Cres, Derwent Park is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 971m2. The place is currently for sale with Ray White Hobart.

Building Type
House
Land Size
971m2

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About Derwent Park 7009

The size of Derwent Park is approximately 1.7 square kilometres. It has 3 parks covering nearly 5.4% of total area. The population of Derwent Park in 2011 was 619 people. By 2016 the population was 644 showing a population growth of 4.0% in the area during that time. The predominant age group in Derwent Park is 30-39 years. Households in Derwent Park are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Derwent Park work in a community and personal service occupation. In 2011, 54.6% of the homes in Derwent Park were owner-occupied compared with 60.1% in 2016.

Derwent Park has 629 properties. Over the last 5 years, Houses in Derwent Park have seen a 38.26% increase in median value, while Units have seen a 49.48% increase. As at 31 October 2024:

  • The median value for Houses in Derwent Park is $530,691 while the median value for Units is $491,659.
  • Houses have a median rent of $500.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Derwent park on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Derwent park.

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Stuart Benson
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Jake Mcintyre
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Ray White Hobart
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