OFF MARKET

38 Malakoff Street
Somerset TAS 7322

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 82m2
Land area: 675m2
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Last updated 28 Oct 2024
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Property Details for 38 Malakoff St, Somerset

38 Malakoff St, Somerset is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 675m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in July 2010.

Building Type
Unit
Year Built
1975
Floor Size
82m2
Land Size
675m2
Local Government
Waratah-Wynyard
Lot/Plan
3/63600

Last Listing description (June 2014)

A Bargain 2 Bedroom Unit in Sunny Somerset!
The perfect pad for the savy investor, or for someone looking at calling this superbly bright and surprisingly spacious unit their home.
Enjoy the sunshine whilst this investment provides a great return for a minimal outlay.

The unit is constructed of concrete and has recently been clad in colorbond. The unit also boasts fresh paint inside and out, new floor coverings and window furnishings.
This two bedroom unit features a carport, separate laundry, bathroom and toilet.
Just waiting on new owner to sit back and count the money rolling in. Currently tenanted for $175 per week.
Additional feature/s - bath.

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Property History for 38 Malakoff St, Somerset, TAS 7322

A timeline of how this property has performed in the market
Last Sold
$282,000
01 Jul 2010
Listed for Rent
$155/w
18 Apr 2014
  • 28 Mar 2014
    Listed for Rent $155 / week
  • 14 Nov 2013
    Listed for Sale $129,500
  • 22 Jun 2013
    Listed for Rent $155 / 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 2,046 properties. Over the last 5 years, Houses in Somerset have seen a 74.73% increase in median value, while Units have seen a 66.67% increase. As at 30 September 2024:

  • The median value for Houses in Somerset is $442,428 while the median value for Units is $359,435.
  • Houses have a median rent of $400 while Units have a median rent of $253.
There are currently 16 properties listed for sale, and 1 property listed for rent in Somerset on OnTheHouse. According to CoreLogic's data, 74 properties were sold in the past 12 months in Somerset.

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