Somerset at a glance
4,175
People
$535,000
Median sale
$408/wk
Median rent
3.97%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
6
Bedrooms
2
Bathrooms
3
Car spaces
48,562.277 m²
Land
352 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Somerset (last 5 years) with land size have a median of $573/m² of land (n=71). Districts calculation from recorded sales — not a valuation.
Somerset at a glance
4,175
People
$535,000
Median sale
$408/wk
Median rent
3.97%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $408/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Somerset at a glance
4,175
People
$535,000
Median sale
$408/wk
Median rent
3.97%
Suburb gross yield
Median sale from 18 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts BurniePresenting 20 Edward Street in Somerset, a stunning lifestyle property sitting on approximately 12 acres. Discover a lifestyle like no other, where serene waterscapes and modern comfort blend seamlessly. Offering breathtaking views and a one-of-a-kind living experience, your dream home awaits.
Downstairs living:
Step into the uniquely designed downstairs living area, featuring two cozy living spaces, each complete with its own fireplace. The dining and kitchen area connect the two living area, making it the perfect hub for family gatherings. This inviting space offers picturesque views of the serene Lake. The recently updated bathroom features a shower and toilet, while the renovated laundry adds extra convenience. Sleeping and study arrangements include a double bedroom (Bed 1), a single bedroom (Bed 2), and a versatile office space.
Upstairs Living:
The upstairs living space offers a thoughtfully designed space for relaxation and functionality. Sleeping arrangements include a queen bedroom (Bed 3) with built-in wardrobes, a double bedroom (Bed 4) with built-in wardrobes, and another double bedroom (Bed 5) featuring a desk and built-in wardrobes. The main bedroom, a queen room (Bed 6), is appointed with built-in wardrobes and offers picturesque views of the Lake. The bathroom features a shower and a luxurious bath, complemented by a separate toilet for privacy. This level also includes a spacious second living area or rumpus room, serving as an ideal space for family fun or quiet relaxation. Adding to the charm, two loft spaces are accessed via the stairs.
Outdoor Features:
The outdoor is equally inviting, featuring a covered BBQ area, chicken run, lush citrus trees and a large, netted vegetable patch. Whether relaxing lakeside by a fire pit or entertaining guests you will be mesmerised by the serene outlook and sound of frogs and birdcall. There is plenty of room for exploring with trails throughout the bushland, traversing a creek that is home to unique species of Tasmanian Freshwater Crayfish. The lake provides habitat to a healthy population of platypus and of course a diverse range of wetland birds and wildlife.
From every outlook in this home, you feel a connection with the natural environment. The unique location offers the best of both worlds - feeling like you a world away in the seclusion of a peaceful lakeside retreat, yet offering the convenience of being minutes away from the Somerset township.
*Harcourts Burnie has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.*
Listing description written by Sarah Elphinstone, Harcourts Burnie — reproduced as published, not verified by Districts.