For Sale

18 Wragg Street, Somerset, Tas 7322-Image

18 Wragg Street, Somerset, Tas 7322

$640,000

House

Type

Bedrooms

Bathrooms

Parkings

524 m²

Area

Last updated on Saturday, July 25, 2026 ( See property details for 18 Wragg Street, Somerset, Tas 7322)

$640,000

Selena Elphinstone - Real Estate Agent - Harcourts - Burnie

Selena Elphinstone Property Consultant

Call Message Chat

Sarah Elphinstone - Real Estate Agent - Harcourts - Burnie

Sarah Elphinstone Property Consultant

Call Message Chat

Track this property Request an inspection

Report Title Search CMA Report Suburb Profile

AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile property offering a charming character home and a modern commercial shopfront with long-term tenants, ideal for investors seeking reliable income and growth potential.

🏡 Property Highlights

Dual income streams from residential and commercial tenancies
Established long-term tenants with secure leases until 2026 and 2029
Prime corner location with excellent street exposure
Original character home with modern comforts
Fully fenced backyard for privacy and security
Versatile investment opportunity with future growth potential

✨ Key Features

Built in robes
Open-Plan Living
Secure Parking
Outdoor Area
Fully fenced
Water tank
Waterfront / Views
Air Conditioning
Garage
Home Office / Study

Suburb and Property Insights of Somerset, TAS 7322

Somerset is a vibrant suburb offering excellent street exposure, strong community ties, and convenient access to local amenities. Its strategic location makes it ideal for both residential living and commercial enterprise, with future growth prospects. The area boasts a mix of character homes and modern developments, attracting diverse tenants and investors. Somerset’s well-established infrastructure and proximity to key transport routes enhance its appeal. It’s a sought-after location for those seeking a balanced lifestyle and investment stability.

Frequently Asked Questions

What is the current rental income and lease duration for the residential and commercial tenants?

The residential home is leased at $385 per week until November 2026, and the commercial shopfront is leased until August 2029, providing secure, long-term income streams.

Are there any recent renovations or upgrades to the property?

The commercial shopfront features a modern fit-out, while the residential home retains its original character with updates to ensure comfort and functionality.

What are the zoning and planning regulations for this property?

The property is zoned for mixed residential and commercial use, suitable for investment and potential future development, subject to local council approval.

Is there any potential for future development or expansion on the property?

Given its corner position and zoning, there may be opportunities for future development or expansion, pending council approval and planning regulations.

What are the property’s condition and maintenance requirements?

The property is well-maintained, with the commercial space featuring a modern fit-out, and the residential home in good condition, requiring routine upkeep.

What to ask about this property to agent?

Are there any upcoming local council or planning developments that could affect the property's value or usage? Are there any easements, covenants, or zoning restrictions that could limit future modifications or development? What are the total ongoing costs, including council rates, strata fees (if applicable), and maintenance? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any planned infrastructure projects or construction nearby that could impact the property’s value or living conditions?

18 Wragg Street, Somerset, Tas 7322 - More Details

$640,000

Type: House
Bedrooms: 4
Bathrooms: 2
Parkings: 3
Area: 524 m²
House Size: 157 m²

Email Enquiry To Harcourts - Burnie

<div><input id="g-recaptcha-response_captcha_1151118496" name="g-recaptcha-response" type="hidden"></input><script>var recaptchaJSLoaded = true; 
                var onloadCallbackcaptcha_1151118496 = function() {
                    var form = $('input[id="g-recaptcha-response_captcha_1151118496"]').closest('form');
                    var btn = $(form.find(':submit')[0]);

Selena Elphinstone

Call

Sarah Elphinstone

Call

18 Wragg Street, Somerset, Tas 7322

Price Information

Schedule an Inspection

Rates & Fees

Similar Properties

Full Name

phone

Which describes you best?

Message

Personal Information Collection Statement

This form is only to be used for sending genuine email enquiries to the Agent. Real Search Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Explore More About Somerset

Real Search makes searching for your new home easy with properties for sale in Somerset and properties for rent in Somerset. Are you looking for specific type of property? Real Search has units for sale in Somerset and houses for sale in Somerset. Real Search also provides 1 bedroom house for sale in Somerset, 2 bedroom house for sale in Somerset & 3 bedroom house for sale in Somerset. Find best real estate agents in Somerset. You can also check real estate agencies in Somerset. Research the property market of Somerset with a property report and suburb profile report on Real Search.

<div><input id="g-recaptcha-response_captcha_866026087" name="g-recaptcha-response" type="hidden"></input><script>var recaptchaJSLoaded = true; 
                var onloadCallbackcaptcha_866026087 = function() {
                    var form = $('input[id="g-recaptcha-response_captcha_866026087"]').closest('form');
                    var btn = $(form.find(':submit')[0]);

Help Us Maintain Accuracy: Report Data Errors

At Real Search, we strive for the highest level of accuracy in all our property listings and real estate information. Despite our best efforts, errors can occur. If you spot any inaccuracies or inconsistencies in property details, descriptions, or any other data, we encourage you to report them to us immediately. Your input helps us maintain the quality and reliability of our platform, benefiting all users—buyers, sellers, and agents alike.

To report an error, please click the "Report Error" button on the respective listing or reach out to us directly via our contact page. We appreciate your vigilance and collaboration in ensuring the integrity of our data.

Name

Phone

Message

Disclaimer

Our service utilises AI search capabilities based on publicly available indexed data for non-commercial purposes and testing phase. The above information is an excerpt from publicly available data and may be subject to errors or changes. RealSearch.com.au makes no representations or warranties regarding the accuracy of this data. Please consult the Agency/Agents directly for the most up-to-date information.