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.
$650,000
Last sold
7 Feb 2025
7
Bedrooms
4
Bathrooms
1
Car spaces
733 m²
Land
235 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$650,000
7 Feb 2025 · derived via latest_sale
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
+21.5%
Median sale
Suburb $535,000
-0.71 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 BurnieThis property offers a vast array of investment opportunities, situated in a street in the sought after township of Somerset - which offers the coastal lifestyle - with walkings tracks, beaches, cafes, restaurants, IGA supermarkets, schools, all perched on the ever popular north west coastline of Tasmania.
All the hard work has been done for you, here this property is set and forget with three good tenants already in place, in all 3 units/apartments.
Consisting of 3 neat and tidy joined units, located on a good size corner block of 733m2. The property is SOLID brick construction with aluminium windows and painted a modern dark grey on the exterior which gives the property wonderful street appeal.
There is ample off street parking space for numerous vehicles with dual street access from both Lyons Street and Beaufort Street. Outside you will also find a large fully fenced yard for kids to play freely and a large undercover outdoor entertaining area which can be enjoyed by all occupants all year round.
The current landlord is making a good return and has had long term tenants in most of the units and kept rental prices very reasonable and affordable for them. We can provide current market value appraisals upon request.
UPSTAIRS: (Unit 1 & 2/7 Lyons Street)
Each of the upstairs units has been updated and maintained over the years, with reverse cycle heating and cooling systems in both, open plan kitchen/dining/lounge rooms. Two bedrooms with built in wardrobes, separate toilet and a neat Bathroom. The properties also have their own private under cover court yard/deck/entertaining area and sea glimpses from both lounge rooms.
Downstairs: (7 Lyons Street)
You will find a massive home with 3 bedrooms all with built-ins, 2 living rooms and 2 bathrooms. It has been fully renovated and is both spacious and modern the owners have spared no expense to make sure this place is comfortable and a place to be proud to call home. Light and bright, ample storage, internal access garage and all heated via a reverse cycle heating and cooling system.
Sitting neatly in the picturesque township of Somerset on a level flat block within walking distance to the town centre, amenities and only a short drive to the Burnie/Wynyard Airport.
These properties are sure to attract mass interest from savvy investors: continue to rent out and reap the rewards or move the whole family in!
Building Size: 235m2 (approx.)
Land Size: 733m2 (approx.)
Beds: 7
Baths: 4
Garage Spaces: 1
Year Built: 1971
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 in
Listing description written by Mel Draper, One Agency Burnie — reproduced as published, not verified by Districts.