SoldJun 8, 2015

7 Edward St, Somerset Dam, QLD, 4312

$35,000

2
1
0 m²
379 m²

House

30+ days on the market

Sold: Jun 8, 2015

What's around 7 Edward St

FURTHER REDUCTION - An affordable piece of History!

An old workers cottage from the 1930's when lake Somerset's Dam wall was being built needing your creative touch. Some of the stumps need attending to but most of structure is solid, just a few cosmetic touches are required. There is a lovely wood stove, large deck, lock up garden shed all on Leasehold land at approx $1,850 per quarter. Makes a great weekender for you to enjoy all water sports, birdwatching or just the quiet lifestyle the Village has to offer or transform into a very viable investment property or first home. If refurbished into a 2 large bedroom home I would achieve approx $185 week rent and if it was a 3 bedroom home approx $230 week rent for a small outlay + Lease payments and rates per year. Only 70 Minutes drive to Brisbane CBD and 25 mins to Kilcoy Esk and Fernvale makes this an easily accessible and affordable property acquisition.

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