OFF MARKET

5 Gipps Street
Somerset Dam QLD 4312

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 65m2
Land area: 526m2
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Property Details for 5 Gipps St, Somerset Dam

5 Gipps St, Somerset Dam is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 526m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in January 2021.

Building Type
House
Year Built
1970
Floor Size
65m2
Land Size
526m2
Local Government
Somerset Regional
Lot/Plan
103/S8963

Last Listing description (June 2023)

A tastefully refurbished 2 bedroom cottage on a huge 526sqm block with 2 street access.

This cottage has a modern touch without compromising the charm of yesteryear. Enter through the large wooden French doors off the front verandah into a very neat and comfortable home.

New easy care flooring and well-appointed kitchen have been recently installed complete with dishwasher and rangehood.

The spacious bedrooms are air-conditioned along with the lounge/dining area which opens out onto a rear covered deck with ample room for outdoor entertaining.

This property is only 50 metres to the community hall where many weddings and functions are held annually, and guests are always looking for accommodation along with water sports enthusiasts throughout the year.

This could be the perfect weekend getaway with the added bonus of holiday rental income or permanent home.

Only a minute walk to the local tennis courts and general store and 2 minutes drive to the Lakes recreational access points.

Property History for 5 Gipps St, Somerset Dam, QLD 4312

A timeline of how this property has performed in the market
Last Sold
$260,000
29 Jan 2021
Listed for Rent
$210/w
10 Feb 2017
  • 20 Mar 2023
    Listed for Sale $275,000
  • 29 Jan 2021
    Sold for $260,000
  • 22 Oct 2019
    Listed for Sale Offers Over $275,000
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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.
There are currently 1 property listed for sale, and no properties listed for rent in Somerset dam on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Somerset dam.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.