Presenting a Unique and Exclusive property to the market in Somerset Village.
1178 sqm parcel of land makes this the largest freehold block of land with existing Development and Building approvals for house and sheds that can be leased out for boat storage, giving you that extra pocket money.
This block is unique in the fact it is large enough for surface reticulation rather than a full pump out of grey water unlike the average sized blocks in the village.
Engineers drawings and soil tests are completed along with the council approvals for an existing house plan.
A beautiful solid country style timber fence has been erected around the property with a level filled pad for the 2 large sheds.
The power and water have been connected and tucked away at the end of the driveway is a 4.5m wide x 10.5m deep shed with a 3.9m high roller door opening. Certainly high enough for your wake/surf boat or caravan, new epoxy flake floor, mezzanine level with mobile stairs, huge industrial ceiling fan to dry out the boat, hot water system, and verandah.
Situated in First Avenue which is rapidly becoming one of the most popular areas in the village with exquisite new homes and stylish renovated properties.
This block is only 200 meters to Coronation Hall where many weddings are held throughout the year and only 2 minutes drive to the Lake’s recreational access point where watersports and fishing are enjoyed.
Build your dream residence, holiday home, or even a duplex (STCA) and enjoy the lifestyle with added income from popular holiday rental demand and boat storage rental demand.
Most of the average size blocks between 300-400 sqm are selling for $210- $240k which makes this block absolute value in the current market. This is a rare opportunity and one that does not come up often in our beautiful Village.
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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 90.02% increase in median value. As at 30 November 2024:
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