18 George StreetSomerset TAS 7322
Property Details for 18 George St, Somerset
18 George St, Somerset is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1977. The property has a land size of 759m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in May 2013.
Last Listing description (May 2013)
The Block - Fully Occupied - Total Income $23,920pa
Located in a quiet street in Somerset, just two blocks from the gorgeous foreshore and close to conveniences, is this sound investment property.
Situated on a flat and low maintenance block you will find these three good quality two-bedroom units. Each unit consists of an open-plan kitchen and living area, with large windows and glass sliding doors providing plenty of light and a sense of space. The small but functional kitchens are well laid out, with plenty of preparation space and a breakfast bench for casual dining.
The bathrooms are compact but offer all the necessities with a shower over the bath, toilet and vanity. There is also a separate laundry in each unit and this is an access point to the courtyards at the rear of the building.
There are three carports in the wide, sealed driveway ensuring harmonious comings and goings for tenants.
Built in 1977, the 759 m2 property has been well maintained and is currently fully tenanted, returning $460pw. A property like this will appeal to both savvy and first time investors and is an opportunity not to be missed.
Additional feature/s - Close to transport/shops/beach.
Property History for 18 George St, Somerset, TAS 7322
- 08 May 2013Sold for $325,000
- 20 Sep 2012Listed for Sale $330,000
- 16 Feb 2011Listed for Rent - Price not available
Recent sales nearby
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0About Somerset 7322
The size of Somerset is approximately 27.0 square kilometres. It has 8 parks covering nearly 1.3% of total area. The population of Somerset in 2016 was 3903 people. By 2021 the population was 4067 showing a population growth of 4.2% in the area during that time. The predominant age group in Somerset is 60-69 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 professional occupation.In 2021, 69.70% of the homes in Somerset were owner-occupied compared with 69.30% in 2016.
Somerset has 2,051 properties. Over the last 5 years, Houses in Somerset have seen a 76.25% increase in median value, while Units have seen a 64.72% increase. As at 30 April 2026:
- The median value for Houses in Somerset is $534,873 while the median value for Units is $458,933.
- Houses have a median rent of $440 while Units have a median rent of $340.
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