OFF MARKET

3/12A Somerset Esplanade
Somerset TAS 7322

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 92m2
Land area: 283m2
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Property Details for 3/12a Somerset Esplanade, Somerset

3/12a Somerset Esplanade, Somerset is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 283m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in November 2017.

Building Type
Unit
Year Built
2000
Floor Size
92m2
Land Size
283m2
Local Government
Waratah-Wynyard
Lot/Plan
3/147411

Last Listing description (December 2017)

If the banks and the share market cause you sleepless nights, there really is a better alternative! Property with guaranteed income (currently returning $240 per week) from the day of settlement plus the security of a lease at until March 2018 with possible future capital gains is the way to go.
This is a nice neighbourhood, surrounded by established homes. Keen investors will know the great appeal Somerset has,
especially along the Esplanade, which is a proven and high demand location given the beach and boardwalk is across the road and the close proximity to all of Somerset s amenities.

Located amongst a quiet villa complex of just four your newfound prized asset offers relaxed single level living with a very functional and easy layout - sure to impress those looking for a quality low maintenance unit. The 2 bedrooms have built-ins, the large open plan kitchen and living area has electric heating. The bathroom is a nice size and has a separate bath and shower, as well as a separate toilet.

There is a single garage with internal access and an area for an additional car to park. Easy care grounds surround the unit.
If it's all about the position and you are in the market for a great little money maker, then this is top of the list. Talk to you soon!

Property History for 3/12a Somerset Esplanade, Somerset, TAS 7322

A timeline of how this property has performed in the market
Last Sold
$224,000
14 Nov 2017
Listed for Rent
$240/w
07 Mar 2016
  • 14 Nov 2017
    Sold for $224,000
  • 19 Feb 2017
    Listed for Sale $236,000 (under offer)
  • 19 Feb 2016
    Listed for Rent $240 / week

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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.
There are currently 17 properties listed for sale, and no properties listed for rent in Somerset on OnTheHouse. According to CoreLogic's data, 77 properties were sold in the past 12 months in Somerset.

Suburb Insights for Somerset 7322

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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.