4 Third AvenueSomerset Dam QLD 4312
Property Details for 4 Third Ave, Somerset Dam
4 Third Ave, Somerset Dam is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 407m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Somerset Dam in the last 12 months.
Last Listing description (September 2024)
Whether you are entertaining, relaxing after a day on the water or just seeking some peace and quiet, 'Summer Villa' has it all! A large deck opens through bi-fold timber doors from the modern kitchen to provide glorious views down the valley and across to the mountains. This fully furnished home with town water has three bedrooms upstairs and another room downstairs off the garage. Outside has a cozy fireplace with seating, inviting you to cook up a camp oven, experiment with damper or simply roast marshmallows.
As one of the original workers cottages believed to be built in the 1930's and since renovated, 'Summer Villa' has been a well loved family holiday home for many years. Additionally, in recent years "Summer Villa" has provided a profitable income as short stay accommodation, listed on Stayz and Airbnb with a weekend two night income of $620 and averaging at least two weekend bookings a month over the last twelve months. With the Stanley Hall in Somerset as a popular wedding venue, "Summer Villa" could be an ideal self managed superannuation fund!
Somerset Dam village itself has a unique welcoming atmosphere with so much to explore. Waterski, wakeboard, wakesurf and fish on Somerset Dam or swim in the enclosed swimming area down at the Spit, only a three minute drive.
"Summer Villa" is more than a gorgeous cottage, you are buying into a lifestyle!
Property History for 4 Third Ave, Somerset Dam, QLD 4312
- 25 Jul 2024Listed for Sale $645,000
- 02 Jul 2024Sold for $600,000
- 15 Oct 2023Listed for Sale $645,000
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About Somerset Dam 4312
The size of Somerset Dam is approximately 21.8 square kilometres. It has 2 parks covering nearly 47.9% of total area. The population of Somerset Dam in 2011 was 267 people. By 2016 the population was 54 showing a population decline of 79.8% in the area during that time. The predominant age group in Somerset Dam is 60-69 years. Households in Somerset Dam are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Somerset Dam work in a labourer occupation. In 2011, 63% of the homes in Somerset Dam were owner-occupied compared with 46.1% in 2016.
Somerset Dam has 161 properties. Over the last 5 years, Houses in Somerset Dam have seen a 88.06% increase in median value. As at 31 October 2024:
- The median value for Houses in Somerset Dam is $525,255 while the median value for Units is $612,314.
- Houses have a median rent of $200.
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