OFF MARKET

41A Simpson Street
Somerset TAS 7322

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Floor area: 282m2
Land area: 771m2
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Property Details for 41a Simpson St, Somerset

41a Simpson St, Somerset is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1985. The property has a land size of 771m2 and floor size of 282m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
Unit
Year Built
1985
Floor Size
282m2
Land Size
771m2
Local Government
Waratah-Wynyard
Lot/Plan
2/82525

Last Listing description (July 2023)

Located in the CBD of Somerset (just a 2-minute walk to shops and medical services), these three 2-bedroom units are situated on a flat block, and are currently tenanted by 3 long-term tenants. Low-maintenance surrounds and established gardens make this a strong investment to add to your portfolio. Providing around a 5% return.

These units were built in 1985, brick construction with Colorbond roof. The front unit is standalone - only the carports are conjoined. Units 2 and 3 are conjoined with a carport on each side of both units.

Both bedrooms have built-ins, linen press in front entry, open-plan living/kitchen/dining. Separate bathroom, separate toilet and separate laundry with access to a rear courtyard. Electric heating and NBN connected. Behind the carport is a utility room for storage, etc.

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Property History for 41a Simpson St, Somerset, TAS 7322

A timeline of how this property has performed in the market
Last Sold
$810,000
30 Jun 2023
  • 30 Jun 2023
    Sold for $810,000
  • 22 Dec 2021
    Listed for Sale Offers Over $825,000
  • 20 Jul 2005
    Sold for $320,000

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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 2,046 properties. Over the last 5 years, Houses in Somerset have seen a 74.06% increase in median value, while Units have seen a 68.40% increase. As at 31 October 2024:

  • The median value for Houses in Somerset is $444,283 while the median value for Units is $358,224.
  • Houses have a median rent of $400 while Units have a median rent of $253.
There are currently 14 properties listed for sale, and 2 properties listed for rent in Somerset on OnTheHouse. According to CoreLogic's data, 79 properties were sold in the past 12 months in Somerset.

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