OFF MARKET

5/7 Reeve Street
Somerset TAS 7322

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 195m2
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Last updated 9 Sep 2024
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Property Details for 5/7 Reeve St, Somerset

5/7 Reeve St, Somerset is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1979. The property has a land size of 195m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
Unit
Year Built
1979
Floor Size
71m2
Land Size
195m2
Local Government
Waratah-Wynyard
Lot/Plan
5/58462

Last Listing description (November 2021)

Tucked away at the end of a cul-de-sac sits this fully renovated low maintenance unit on approx. 200m2 parcel of flat land.

Offering open plan living, dishwasher and a freestanding oven, 2 double Bedrooms both with built in robes and a modern bathroom with walk in shower. Outside offers a partially fenced yard with garden shed and a single vehicle carport.
The location is a plus, with the bonus of walking distance to the beach and everything the township has on offer.

*Harcourts Burnie has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.*

Property History for 5/7 Reeve St, Somerset, TAS 7322

A timeline of how this property has performed in the market
Last Sold
$287,700
21 Sep 2021
Listed for Rent
$260/w
29 Nov 2020
  • 21 Sep 2021
    Sold for $287,700
  • 13 Sep 2021
    Listed for Sale Best offer over $259,000
  • 27 Oct 2020
    Listed for Rent $260 / 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.