OFF MARKET

5/56 Simpson Street
Somerset TAS 7322

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
Land area: 290m2
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Property Details for 5/56 Simpson St, Somerset

5/56 Simpson St, Somerset is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 290m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in January 2014.

Building Type
Unit
Year Built
1989
Floor Size
80m2
Land Size
290m2
Local Government
Waratah-Wynyard
Lot/Plan
5/56835

Last Listing description (February 2014)

Be Quick With This One
Very smart 2 bedroom (with built-ins) unit in a quiet possie on a level internal block is now available in popular Somerset. This property would make an ideal investment property and could be rented out with little difficulty or would be a great place for a retiree.
The brick unit has aluminium windows, an open plan living area and the bathroom has a separate shower and bath. Established gardens offer the opportunity for garden lovers to potter. This property won???t last so make an appointment today.

Property History for 5/56 Simpson St, Somerset, TAS 7322

A timeline of how this property has performed in the market
Last Sold
$208,000
14 Jan 2014
  • 14 Jan 2014
    Sold for $208,000
  • 05 Nov 2013
    Listed for Sale 219000
  • 15 Apr 2008
    Sold for $199,900
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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 2,045 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 15 properties listed for sale, and 3 properties listed for rent in Somerset on OnTheHouse. According to CoreLogic's data, 73 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.