288 Somerset Road, Kimbriki NSW 2429
This property is Off Market
- Last sold 3/12/2009 for $400,000. The Average property price in this area is $783,072, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 32.82 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 9/5/2024 231 STONY CREEK RD $851,000
- 5/1/2024 636 KIMBRIKI RD $750,000
- 4/30/2024 563 KIMBRIKI RD $650,000
- 5/30/2023 77 SOMERSET RD $1,150,000
- 4/11/2023 18 STONY CREEK RD $960,000
About Taree Region
With an average age of 49, households expect an average monthly mortgage payment of $1,733 or a weekly rent payment of $260. The average family earns a weekly income of $1,542 with a typical household size of 2.5 and a 92.13% employment rate.
In Kimbriki there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Kimbriki is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Kimbriki changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Kimbriki we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Kimbriki a better buying opportunity than it may have been in the past.
Public Transport
Gloucester
Population
(Country of Birth not stated 4%)
Are people healthy?
There are a recorded 1787 asthma sufferers and 1112 people living with diabetes. In addition, 939 people have a heart/vascular condition and 1990 people live with three or more chronic diseases.A good place to invest in property?
Taree Region a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
06 / 100
31 / 100
Industry
10 / 100
22 / 100
Population
13 / 100
19 / 100
House Prices
44 / 100
60 / 100
Jobs
16 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsMt George PS Wingham HS
Property Story
288 Somerset Road, Kimbriki, Nsw, 2429 is a residential property . The estimated distance to the sea is 32.82km and 0.84KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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