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 › Cardigan St
$395,000
Last sold
27 June 2025
2
Bedrooms
1
Bathrooms
8
Car spaces
728 m²
Land
127 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
$395,000
27 June 2025 · derived via latest_sale
Local land rate: recorded House sales in Somerset (last 5 years) with land size have a median of $579/m² of land (n=70). 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
-26.2%
Median sale
Suburb $535,000
+1.40 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 One Agency BurnieAre you looking for a first or second home, and have so far been disappointed with what little your money will buy?? Well, you are not alone - that’s why this ripper of a home in ever-popular Somerset is going to appeal to a lot of buyers! Have a quick look at these features, and call to look through before its gone:
INSIDE:
- Light and bright neutral paintwork throughout
- 2 spacious bedrooms, plus option for 3rd at back (see floor plan!)
- Spacious open plan kitchen-dining-lounge
- Lots of bench and ample cupboard space
- Sunroom-style entry-way, a delightfully warm spot for a late afternoon cuppa, watching the sun go down and the people go by!
- Toilet is separate from bathroom, convenient for your family and visitors
- Extra storage/office rooms add to the great storage at the property
OUTSIDE:
- Large, covered entertaining area is sheltered, perfect for extended indoor/outdoor living and family get-togethers
- Spacious, powered double garage (has extra area for workshop space) offers secure car/toys storage, with 2 roller doors plus handy personal access door
- Rainwater from garage is collected in tank at rear of garage, providing free water for your car washing / gardening (help keep those water bills down!)
- Ample backyard room for a substantial veggie patch for those who like self-sufficiency and healthy fresh eating
- Or keep the landscaping as-is for attractive low maintenance
- Established concrete paths, camellias and rhodos
- Fully fenced; level property in a level area, with the Metro bus stop at your front gate!
LOCAL AREA NOTES:
- Short 3min drive, or healthy 20min walk, through the village centre to the long, sandy local beaches (Somerset Beach or the Somerset Dogs Beach)
- The great level of services in the village centre mean that you rarely have to travel to nearby Burnie or Wynyard
- Somerset village services include: 2 x IGA’s, VJ’s award winning bakery, large take away store, doctors surgery, vet, newsagent, chemist, 2 public bars, 2 bottle shops, cafe, surf club, Primary School, daycare, basketball stadium, cricket/football oval
- Fish, kayak, or go boating: via boat ramp or pontoons in the local Cam River estuary, or from the beach
- Enjoy a long walk or cycle along the new Coastal Pathway, through to Wynyard (to the west) or Wivenhoe in Burnie (to the east)
Land Size: 728m2 (approx.)
Beds: 2
Baths: 1
Year Built: 1954
One Agency 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.
Listing description written by Matt Grice, One Agency Burnie — reproduced as published, not verified by Districts.