This is the perfect Lake getaway that literally pays for itself.A well maintained steel frame colourbond home approximately 10 years young in the most sought after position in Somerset Village. Enjoy the lifestyle the village and Lake have to offer, whilst enjoying income from the holiday rentals. From May 2015 - May 2016 a modest $24,000 was achieved in rental income and that was with current owners having good use of the home also, so there is room for more holiday rental income to be madeNot only is there Watersports clientele but our Coronation Hall in the village is now an exclusive well sought after wedding venue with bookings well into 2018. Approximately 34 weddings a year and wedding parties and guests all look to stay in the village.This home is fully air conditioned and has been recently refurbished with a touch of class and freshly painted with modern colours. The Downstairs area encompasses 2 very spacious bedrooms, one with remote control ceiling fans, huge Rumpus/Pool room, which could double as a bunk room or separate living quarters, with shower and toilet alongside a massive double garage, high enough for the wakeboard boat with ease of access and new compact modern laundry.Upstairs comprises of the private main bedroom with built in remote control ceiling fans, bathroom and separate toilet. A brand new modern kitchen with industrial lighting over the island bench and overlooks the spacious lounge. Sliding doors from both kitchen and lounge open onto a covered tiled deck with views down the Stanley River and Valley and a beautiful established backyard backing onto natural bushland. Situated in the most elevated part of the village this makes for the perfect permanent residence, or ideal holiday home.Only 2 minutes drive to the Lake's Recreational access points.Please call me to arrange a personal tour of this property.
The size of Somerset Dam is approximately 21.8 square kilometres. It has 2 parks covering nearly 47.9% of total area. The population of Somerset Dam in 2016 was 69 people. By 2021 the population was 78 showing a population growth of 13.0% in the area during that time. The predominant age group in Somerset Dam is 60-69 years. Households in Somerset Dam are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Somerset Dam work in a clerical occupation.In 2021, 67.80% of the homes in Somerset Dam were owner-occupied compared with 46.10% in 2016.
Somerset Dam has 154 properties. Over the last 5 years, Houses in Somerset Dam have seen a 145.65% increase in median value, while Units have seen a 423.79% increase. As at 30 November 2025:
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