13 Somerset Place, Nemingha NSW 2340
This property is Off Market
- Last sold 4/14/2022 for $402,000. The Average property price in this area is $691,015, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 177.84 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
- 10/4/2024 396 NEW ENGLAND HWY $400,000
- 9/23/2024 16 PINDARI DR $1,450,000
- 8/30/2024 1023 ARMIDALE RD $420,000
- 8/22/2024 500 BACK KOOTINGAL RD $560,000
- 8/2/2024 670 NEW ENGLAND HWY $650,000
About Tamworth - North
With an average age of 50, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $300. The average family earns a weekly income of $1,843 with a typical household size of 2.1 and a 101.87% employment rate.
In Nemingha 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 Nemingha 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 Nemingha 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 Nemingha 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 Nemingha a better buying opportunity than it may have been in the past.
Public Transport
Warral
General Points of Interest
Australian Country Music Hall of Fame
Tamworth Regional Entertainment and Convention Centre
Oxley Bowling Club
Northgate Shopping Centre
Australian Equine and Livestock Events Centre
War Memorial
Big Golden Guitar
Tamworth Correctional Centre
Longyard Golf Course
Tamworth Golf Course
Population
(Country of Birth not stated 10%)
Are people healthy?
There are a recorded 1946 asthma sufferers and 683 people living with diabetes. In addition, 875 people have a heart/vascular condition and 1898 people live with three or more chronic diseases.A good place to invest in property?
Tamworth - North 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
20 / 100
31 / 100
Industry
19 / 100
22 / 100
Population
10 / 100
19 / 100
House Prices
46 / 100
60 / 100
Jobs
24 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsNemingha PS Tamworth HS
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Tamworth Public School
Tamworth, NSW, 2340 State K-6 -
Liberty College
Tamworth, NSW, 2340 Independent K-6 -
Tintinhull Public School
Kootingal, NSW, 2352 State K-6 -
Carinya Christian School Tamworth
Tamworth, NSW, 2340 Independent K-12 -
Farrer Memorial Agricultural High School
Calala, NSW, 2340 State 7-12 -
Oxley High School
North Tamworth, NSW, 2340 State 7-12 -
Nemingha Public School
Nemingha, NSW, 2340 State K-6 -
Tamworth High School
South Tamworth, NSW, 2340 State 7-12 -
Bullimbal School
South Tamworth, NSW, 2340 State U -
St Nicholas' Primary School
Tamworth, NSW, 2340 Independent K-6
Property Story
13 Somerset Place, Nemingha, Nsw, 2340 is a residential property with 3 bedrooms, 1 bathrooms and 1 Parking spaces. The estimated value of this home is $425,000 while properties of this type typically sell for between $400,000 and $400,000 in this suburb. The estimated distance to the sea is 177.84km and 0.22KM 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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