Ray White Mt Gambier are pleased to offer to market 40 Algernon Road, Compton for sale in the land development of Mount View Estate. This residential area is a sought-after location for building a new home and will be hotly contested. We are excited to reintroduce this spacious lot to market as the last remaining piece of paradise within this unbeatable setting.
The property is a fantastic size with brilliant dimensions for constructing your dream home. The allotment sits within the family centred Mount View Estate and is one of the larger lots at approximatley 5,000 square metres. The popularity of this estate is due to its lifestyle appeal, being in proximity to Tenison Woods College and Malseed Park and the Railway walking trail. It has the conveniences of Mount Gambier's central shopping district, dining, recreation, childcare and accommodation options easily accessible. The estate was originally farmland, leading to its fertile soil and rich rural aesthetic.
The space offers stunning views of the surrounding landscape, including the Sugarloaf and Mount Gambier's famous Blue Lake is a very short drive away, and the township's amenities are all in proximity. Building a home here is the easiest decision you'll have to make -creating the perfect family home is where all the fun begins.
The size of Compton is approximately 87.7 square kilometres. It has 2 parks covering nearly 20.6% of total area. The population of Compton in 2011 was 610 people. By 2016 the population was 703 showing a population growth of 15.2% in the area during that time. The predominant age group in Compton is 50-59 years. Households in Compton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Compton work in a trades occupation. In 2011, 88.5% of the homes in Compton were owner-occupied compared with 90.7% in 2016.
Compton has 545 properties. Over the last 5 years, Houses in Compton have seen a 88.61% increase in median value. As at 31 October 2024:
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