FOR SALE
Highest and Best by 20/12/24

1-5/92 Wehl St N
Mount Gambier SA 5290

Bedrooms: 10
Bathrooms: 5
Car spaces: 5
Land area: 654m2
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Save

Unique opportunity

This is a unique opportunity to be your own boss and have an income from the 5 units which are low maintenance. Most of the units have been renovated to ensure longevity whilst the 2 left are currently tenanted however you could give them a little attention to maintain a higher rent.All units are 2 bedrooms with a separate laundry. A good size bathroom and separate toilet finish off the main amenities. They have car parking at the front and are in a great location for all your requirements. This block of units is quiet and has long-term tenants in most of them.If you are looking for a great return on your investment this is one not to be missed.
Additional property features:
Land size: Approximately 654m2.
Property Built: 1965.
Council Rates: Approximately $1,490 per quarter.
Water Rates: Approximately $500.00 per quarter.
Council: City of Mount Gambier.
Zoning: Residential
Current Rental Appraisal: An up-to-date market appraisal has been completed of $1,400.00 Combined
No STRATA Fees
See More

Property Details for 1-5/92 Wehl St N, Mount Gambier

1-5/92 Wehl St N, Mount Gambier is a 10 bedroom, 5 bathroom BlockOfUnits with 5 parking spaces and was built in 1965. The property has a land size of 654m2. The place is currently for sale with Limestone Real Estate.

Building Type
BlockOfUnits
Year Built
1965
Land Size
654m2

Commute Calculator

About Mount Gambier 5290

The size of Mount Gambier is approximately 26.8 square kilometres. It has 114 parks covering nearly 24% of total area. The population of Mount Gambier in 2011 was 24,905 people. By 2016 the population was 25,511 showing a population growth of 2.4% in the area during that time. The predominant age group in Mount Gambier is 0-9 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a trades occupation. In 2011, 61.7% of the homes in Mount Gambier were owner-occupied compared with 61.3% in 2016.

Mount Gambier has 13,863 properties. Over the last 5 years, Houses in Mount Gambier have seen a 97.34% increase in median value, while Units have seen a 89.37% increase. As at 31 October 2024:

  • The median value for Houses in Mount Gambier is $456,548 while the median value for Units is $332,955.
  • Houses have a median rent of $430 while Units have a median rent of $305.
There are currently 99 properties listed for sale, and 56 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 673 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

Market Insights
Mount Gambier Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Mount Gambier Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agent
Graeme Cleves
Show contact details
Rachael Cleves
Limestone Real Estate
Preferred contact:
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.