1 George StreetSomerset TAS 7322
Property Details for 1 George St, Somerset
1 George St, Somerset is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 494m2 and floor size of 112m2.
Last Listing description (January 2009)
TOP UP YOUR SUPER
WHAT A SUPER DEAL FOR YOUR SUPER FUND WHEN YOU INVEST IN THIS BLOCK OF THREE 2 BEDROOM UNITS ALL ON ONE TITLE WITH A COMBINED GROSS INCOME OF $360 PER WEEK. THE OCCUPANTS HAVE BEEN LONG TERM AND HAVE CURRENT LEASES IN PLACE. THE UNITS SIT ON A LEVEL BLOCK AND OFFER GLIMPSES OF THE OCEAN, WITH THE BEACH AND SHOPPING CENTRE ONLY MOMENTS AWAY. ALL UNITS ARE FITTED WITH ELECTRIC HEATING AND PROVIDE BUILT-INS TO ALL BEDROOMS. CURRENTLY UNDER THE MANAGEMENT OF BURNIE FIRST NATIONAL, SO, WE ARE ABLE TO PROVIDE FULL RENTAL HISTORY OF THE PROPERTY TO INTERESTED PARTIES. PLEASE NOTE: WE ARE REQUIRED TO GIVE THE CURRENT OCCUPANTS 48 HOURS NOTICE OF ANY INSPECTIONS. THIS INVESTMENT IS VERY WORTHY OF YOUR CONSIDERATION DEANNE LAMPREY : 0417 109 714
Property History for 1 George St, Somerset, TAS 7322
- 28 Jan 2009Listed for Sale $309,000
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About Somerset 7322
The size of Somerset is approximately 27 square kilometres. It has 8 parks covering nearly 1.3% of total area. The population of Somerset in 2011 was 3,974 people. By 2016 the population was 3,885 showing a population decline of 2.2% in the area during that time. The predominant age group in Somerset is 50-59 years. Households in Somerset are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Somerset work in a trades occupation. In 2011, 71% of the homes in Somerset were owner-occupied compared with 69.3% in 2016.
Somerset has 2,048 properties. Over the last 5 years, Houses in Somerset have seen a 70.37% increase in median value, while Units have seen a 71.70% increase. As at 31 August 2024:
- The median value for Houses in Somerset is $426,176 while the median value for Units is $359,736.
- Houses have a median rent of $400 while Units have a median rent of $253.
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