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Overview
Positioned in a convenient location in Somerset, this solid 1949-built house offers substantial renovation potential suitable for opportunistic buyers and investors. The property sits on a generous 611 sqm fully fenced land, providing ample outdoor space for families or hobby gardeners.
The home features three bedrooms, each fitted with built-in wardrobes, contributing to practical storage solutions. Complemented by a functional kitchen and a spacious living area warmed by a pellet heater, the interior is designed for comfortable day-to-day living. The bathroom's separate bath and shower enhance convenience, while an additional laundry with its own toilet improves household functionality.
Notably, the property includes a large rumpus room, extra storage space, and a dedicated office, expanding its suitability for creative usage and accommodating modern working-from-home needs. Full rewiring was completed in December 2024, assuring updated electrical safety and functionality.
This home demands renovation efforts but presents an attractive project with significant upside for those with vision. Whether targeting first-home ownership, undertaking a renovation venture, or seeking an investment with scope to add equity, the residence's solid foundation and flexible layout invite transformation.
The auction is scheduled on-site, highlighting the opportunity to secure the property with potential financial upside. Prospective buyers should undertake their own due diligence given the property's condition and requirements prior to leasing.
Local Market Insights
In Somerset, Quiet Listings observed 4 new houses entering the market over the last 30 days, unchanged from 4 in the prior period, with an average advertised asking price of $552,250. The property type mix of listed properties is predominantly Houses at 80%, followed by units (20%). Harcourts is the only agency with property listings monitored during the period. 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.
Change History
| Headline | When |
|---|---|
| Best Offer Over $375,000 | |
| Auction Saturday 22nd August, 10:00am, On Site |
Location
Somerset TAS 7322
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 148 m² |
Market Insights for Somerset TAS 7322
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