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Location

Market Insights for Somerset TAS 7322

New Listings (last 30 days)

Average price

$884,889

Lowest price

$400,000

Highest price

$1,450,000

7 Athol Street, Somerset TAS 7322

Best Offer Over $620,000

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$620k - $651k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 593 m² 152 m²

Listed: 13th Jul 2026

Updated: 18th Jul 2026

Overview

This well-maintained property at 7 Athol Street, Somerset, provides a balanced home that prioritises comfort and practicality, making it an appealing choice for a diverse range of buyers including first home owners, downsizers, and investors. Situated on a 593 square meter block with a building footprint of 152 square meters, the home is characterized by its functional layout and thoughtful updates.

The north-facing orientation allows for abundant natural light and warmth, enhancing the living spaces' ambiance throughout the day. The open plan design seamlessly integrates the kitchen, living, and dining areas, fostering connectivity and ease of movement for everyday living or entertaining. The kitchen update, complete with a dishwasher, combines modern convenience with functionality for meal preparation and cleanup efficiency.

Accommodation comprises three bedrooms, two of which feature built-in wardrobes, offering practical storage solutions that free up floor space. The single bathroom is efficiently designed with a separate shower and a separate toilet, facilitating convenience for families and guests alike.

Additional features that enhance the property's appeal include reverse cycle heating and cooling, ensuring comfort year-round regardless of Tasmania’s seasonal changes. The double garage with internal access provides secure parking along with added storage possibilities, while the fully fenced backyard presents a safe and private outdoor space, suitable for children, pets, or casual outdoor activities.

Built in 1959, this home holds potential for both immediate practical living and long-term investment growth. Its location, approximately 700 meters from Somerset’s main street and in easy reach of public transport and walking tracks, offers connected suburban living with access to local amenities and outdoor recreational options.

Currently tenanted on a non-fixed lease with a weekly rental income of $390, it offers immediate investment return possibilities while welcoming owner occupiers looking to personalise the home over time. The property strikes a balanced proposition between comfortable family living and solid investment potential within the Somerset area.

Local Market Insights

In Somerset, Quiet Listings observed 9 new houses entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $884,889. The property type mix of listed properties is predominantly Houses at 90%, followed by units (10%). The most active agency for houses in the Somerset area is currently Harcourts, representing 44% of new listings, followed by Elders Real Estate with 22%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.