11 Somerton Cres, Derwent Park is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1949. The property has a land size of 971m2 and floor size of 109m2.This Property is currently listed for rent with Harcourts Signature - Rosny Park
Well-presented and recently renovated, this three-bedroom home is located on a large and level approx. 971m2 parcel of land with wide (approx. 3m) driveway access & ideally suited to strata development*.
Currently occupied by an excellent long-term tenant, the property is returning $500 per week until January 2025 with scope to extend.
The home features an open plan kitchen, dining and living area, three generously sized bedrooms, and central spacious bathroom, as well as a separate toilet for added convenience. Also, a large laundry with direct external access further complements the practical layout of this home.
Stepping outdoors into the large rear yard, you will find established hardy trees, a small shed and also a large shed.
Importantly though, benefiting from 'General Residential' zoning and totally approximately 971m2 of level land, this low-maintenance and affordable home or investment property would make an intelligent development opportunity with scope for two additional dwellings*.
Renovated kitchen and bathroom
Currently tenanted at $500 p/w until January 2025
Scope for multi-dwelling strata development (STCA)
On-trend neutral tones throughout
Three great size bedrooms
Ample off-street parking and storage
Close to local shops and public transport
Less than 10 minutes to Hobart City
Land Zoning: General Residential
Construction: Imitation brick (weatherboard)
Roof: Tile
Heating: Reverse-cycle AC and wood fire
Annual Council Rates: $1,400 approx.
Annual Water Rates: $1,000 approx.
*Subject to Glenorchy City Council approval
The size of Derwent Park is approximately 1.7 square kilometres. There are 3 parks, covering nearly 5.4% of the total area. The population of Derwent Park in 2016 was 657 people. By 2021 the population was 872 showing a population growth of 32.7% in the area during that time. The predominant age group in Derwent Park is 30-39 years. Households in Derwent Park are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Derwent Park work in a community and personal service occupation.In 2021, 54.60% of the homes in Derwent Park were owner-occupied compared with 60.10% in 2016.
Derwent Park has 628 properties. Over the last 5 years, Houses in Derwent Park have seen a 36.89% increase in median value, while Units have seen a 35.14% increase. As at 31 May 2026:
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