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.
$629,500
Last sold
25 June 2026
3
Bedrooms
2
Bathrooms
1
Car spaces
597 m²
Land
101 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
$629,500
25 June 2026 · derived via latest_sale
Local land rate: recorded House sales in Somerset (last 5 years) with land size have a median of $569/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
+17.7%
Median sale
Suburb $535,000
-0.60 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 BurnieWelcome to 41 George Street, a tastefully renovated home that perfectly blends modern style, comfort, and practicality. With all the hard work already completed, this move in ready property presents an outstanding opportunity for families, downsizers, first-home buyers, or investors seeking a quality home in a convenient and desirable location.
At the heart of the home is the stunning new kitchen, professionally installed by Joinery Connection Devonport. Featuring stone benchtops with a Tasmanian Oak finish, quality Fisher & Paykel appliances including an oven, hotplates and rangehood, an LG dishwasher, and a spacious corner pantry. This stylish space is designed for both functionality and everyday living. The open-plan layout flows seamlessly into the family living area, which is kept conformable year round by a reverse-cycle air conditioner, complemented by a wall heater for additional warmth during the cooler months.
The home offers three generous bedrooms, all complete with built-in wardrobes. Both bathrooms have also been tastefully renovated with contemporary finishes, including a beautiful Black Heart Sassafras vanity and LED mirror that add a touch of luxury. Fresh paintwork, new flooring, brand-new carpet, and modern day/night blinds throughout further enhance the home's fresh and welcoming feel.
Outside, the undercover entertaining deck overlooks a fully fenced, level backyard, providing the perfect space for children and pets to play safely. The property also features a shed/workshop and plenty of off-street parking, offering excellent storage and practicality.
Positioned in a quiet and friendly neighbourhood close to local shops and everyday amenities, 41 George Street offers the perfect combination of style, functionality, and low-maintenance living. Simply move in, unpack, and enjoy everything this beautifully updated home has to offer.
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 Jorja O'Halloran, Elders Real Estate Burnie — reproduced as published, not verified by Districts.