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.
TAS › Somerset › Murchison Hwy
$1,250,000
Last sold
17 May 2023
4
Bedrooms
2
Bathrooms
8
Car spaces
216,800 m²
Land
232 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
$1,250,000
17 May 2023 · derived via latest_sale
Local land rate: recorded Rural Property sales in Somerset (last 5 years) with land size have a median of $77/m² of land (n=3). 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.
Vs Somerset
+133.6%
Median sale
Suburb $535,000
-2.27 pp
Gross yield
Suburb 3.97%
Suburb median $535,000 from 18 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 Elders Real Estate BurnieCulminating many decades of inspired planning and exacting workmanship, we have the absolute pleasure of offering this amazing property for sale.
This extraordinary rural residential property consisting of approx. 21.68 hectares (53.5 acres) is situated just a couple of minutes drive from Somerset featuring approx. 25 acres of fertile cropping/ grazing land with a sparkling permanent spring-fed dam (24 meg water licence) with the balance natural bush including a 2-3 acre plantation of 20 year old blue gums.
Established silver birch trees lining the driveway, give a hint of the outstanding privacy and tranquility that this elegant residence provides with very well-maintained lawns and gardens that provide an enviable year-round abundance of flowers and unforgettable colours. The property sits on a near-level area, displaying lovely rural and distant sea views from the paved north-facing terrace.
Stepping inside this master-built home, you will love the inviting reception hall fitted with high-quality timbers, the delightful sun-filled living areas, and a kitchen that will inspire any chef featuring European appliances and a large butlers pantry/storage room. The home has 4 beautiful light-filled bedrooms, all with built-in wardrobes. The master bedroom features an ensuite and walk-in robe.
In addition, there is the perfect study with views looking out towards the property and beyond. A gleaming main bathroom, additional 3rd toilet/powder room, and high-quality furnishings and fittings throughout. The home is kept heated in the winter by the Newburn wood-fired ducted underfloor heating that is located in the service room via the Internal access from the double garage.
The property is connected to town water, has NBN "fibre to the premises" cable, and is very well-fenced. It has numerous outbuildings including an excellent 4 metre high 18x9m open-fronted machinery shed with 32 solar panels on the roof, solid stockyards, holding crush, and a loading ramp. The large garden/ storage shed has power connected and is adjacent to the large greenhouse, orchard, and wide variety of productive fruit trees. An octagonal summer house and nearby BBQ area complete the garden - the ideal place to entertain friends and family.
This is indeed an extraordinary property that you now have the opportunity to purchase.
Disclaimer: While Elders Real Estate Burnie has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Listing description written by Bruce Jubb, Elders Real Estate Burnie — reproduced as published, not verified by Districts.