7 Lyons StreetSomerset TAS 7322
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.
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
Property History for 7 Lyons St, Somerset, TAS 7322
- 17 May 2024Listed for Sale Not Disclosed
- 06 Dec 2023Listed for Rent $420 / week
- 13 Oct 2020Listed for Rent $400 / 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 2,047 properties. Over the last 5 years, Houses in Somerset have seen a 67.02% increase in median value, while Units have seen a 52.73% increase. As at 31 December 2024:
- The median value for Houses in Somerset is $452,923 while the median value for Units is $346,415.
- Houses have a median rent of $400 while Units have a median rent of $253.
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