14-16 Somerville StreetSorell TAS 7172
Property Details for 14-16 Somerville St, Sorell
14-16 Somerville St, Sorell is a 6 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1959. The property has a land size of 708m2 and floor size of 177m2. While the property is not currently for sale or for rent, it was last sold in February 2017.
Last Listing description (November 2016)
These two Centrally located Flats ,Zoned-General Business would be ideal for investors.Currently leased at $245 & $260 per week the 2 x 3 bedroom flats have just had new heat pumps installed and Unit 1 also has an inbuilt wood heater. Located in a fantastic position, close to shops, Medical Services, schools and public transport.
The property may suit a commercial redevelopment STCA or an ideal investment for SMSF.
Property History for 14-16 Somerville St, Sorell, TAS 7172
- 10 Feb 2017Sold for $350,000
- 07 Sep 2016Listed for Sale Offers around $380,000.00
- 13 Nov 2015Listed for Sale Offers around $395000
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0About Sorell 7172
The size of Sorell is approximately 22 square kilometres. It has 8 parks covering nearly 3.4% of total area. The population of Sorell in 2011 was 2,475 people. By 2016 the population was 2,923 showing a population growth of 18.1% in the area during that time. The predominant age group in Sorell is 0-9 years. Households in Sorell are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Sorell work in a clerical occupation. In 2011, 71.9% of the homes in Sorell were owner-occupied compared with 71.1% in 2016.
Sorell has 2,310 properties. Over the last 5 years, Houses in Sorell have seen a 49.84% increase in median value, while Units have seen a 49.39% increase. As at 31 October 2024:
- The median value for Houses in Sorell is $644,349 while the median value for Units is $474,365.
- Houses have a median rent of $520 while Units have a median rent of $440.
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