OFF MARKET

7 Lyons Street
Somerset TAS 7322

Bedrooms: 7
Bathrooms: 4
Car spaces: 1
Floor area: 235m2
Land area: 733m2
Improve this data
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 28 Oct 2024
Low
High
Share
Save

Property Details for 7 Lyons St, Somerset

7 Lyons St, Somerset is a 7 bedroom, 4 bathroom House with 1 parking spaces and was built in 1971. The property has a land size of 733m2 and floor size of 235m2. While the property is not currently for sale or for rent, it was last sold in February 2002.

Building Type
House
Year Built
1971
Floor Size
235m2
Land Size
733m2
Local Government
Waratah-Wynyard
Lot/Plan
4/54731

Last Listing description (July 2024)

This property offers a vast array of investment opportunities, situated in a street in the sought after township of Somerset - which offers the coastal lifestyle - with walkings tracks, beaches, cafes, restaurants, IGA supermarkets, schools, all perched on the ever popular north west coastline of Tasmania.

All the hard work has been done for you, here this property is set and forget with three good tenants already in place, in all 3 units/apartments.

Consisting of 3 neat and tidy joined units, located on a good size corner block of 733m2. The property is SOLID brick construction with aluminium windows and painted a modern dark grey on the exterior which gives the property wonderful street appeal.

There is ample off street parking space for numerous vehicles with dual street access from both Lyons Street and Beaufort Street. Outside you will also find a large fully fenced yard for kids to play freely and a large undercover outdoor entertaining area which can be enjoyed by all occupants all year round.

The current landlord is making a good return and has had long term tenants in most of the units and kept rental prices very reasonable and affordable for them. We can provide current market value appraisals upon request.

UPSTAIRS: (Unit 1 & 2/7 Lyons Street)
Each of the upstairs units has been updated and maintained over the years, with reverse cycle heating and cooling systems in both, open plan kitchen/dining/lounge rooms. Two bedrooms with built in wardrobes, separate toilet and a neat Bathroom. The properties also have their own private under cover court yard/deck/entertaining area and sea glimpses from both lounge rooms.

Downstairs: (7 Lyons Street)
You will find a massive home with 3 bedrooms all with built-ins, 2 living rooms and 2 bathrooms. It has been fully renovated and is both spacious and modern the owners have spared no expense to make sure this place is comfortable and a place to be proud to call home. Light and bright, ample storage, internal access garage and all heated via a reverse cycle heating and cooling system.

Sitting neatly in the picturesque township of Somerset on a level flat block within walking distance to the town centre, amenities and only a short drive to the Burnie/Wynyard Airport.

These properties are sure to attract mass interest from savvy investors: continue to rent out and reap the rewards or move the whole family in!

Building Size: 235m2 (approx.)
Land Size: 733m2 (approx.)
Beds: 7
Baths: 4
Garage Spaces: 1
Year Built: 1971

One Agency 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 in

Show More

Property History for 7 Lyons St, Somerset, TAS 7322

A timeline of how this property has performed in the market
Last Sold
$90,000
02 Feb 2002
Listed for Rent
$400/w
06 Nov 2020
  • 17 May 2024
    Listed for Sale Not Disclosed
  • 06 Dec 2023
    Listed for Rent $420 / week
  • 13 Oct 2020
    Listed for Rent $400 / week
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

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.

Somerset Profile Page

Suburb Insights for Somerset 7322

Visit Somerset profile page
Market Insights
Somerset Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Somerset Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Somerset profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED