OFF MARKET

1-3 Mark Street
Mount Gambier SA 5290

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 95m2
Land area: 1036m2
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Property Details for 1-3 Mark St, Mount Gambier

1-3 Mark St, Mount Gambier is a 2 bedroom, 1 bathroom House with 3 parking spaces and was built in 1990. The property has a land size of 1036m2 and floor size of 95m2.

Building Type
House
Year Built
1990
Floor Size
95m2
Land Size
1036m2
Local Government
Mount Gambier
Lot/Plan
A100/D14504

Last Listing description (March 2024)

EXPRESSIONS OF INTEREST BY 4PM 27TH FEBRUARY 2024 (UNLESS SOLD PRIOR)

Ray White Mt Gambier is pleased to present units 1- 3, 20 Mark Street, Mount Gambier, for sale.

This incredible investment property sits opposite the Railway Lands walking track and The Limestone Coast Pantry. It has easy access directly into the centre of town from Sturt Street, and Mark Street. Transport links, shopping, medical care, veterinary services and recreation are all just moments away. Each beautifully presented unit has secure, private parking under the same roof with an internal door for convenience. There is lots of off-street parking available - ideal for an extra vehicle or guest parking.

The complex offers a private entry from Mark Street, protected from the main road. Each attractive unit features a small, private grassed garden and courtyard. They have a strong construction with a brick exterior and tiled roofs. The three apartments are almost identical, with unit three facing Mark Street from the rear of the complex - while units one and two face the direction of Commercial Street East.

Entry to each unit is through a contemporary central front door (two with security screens), facing away from the road for privacy. Each opens into a lovely, bright, carpeted living room that flows through to an open dining room and a kitchen.

The spacious living space offers downlights, cream walls, and large windows, offering lots of natural light.

The dining room and kitchen is tiled in natural colours, with timber kitchen opening onto the rear patio. The fully equipped kitchens feature a breakfast bar, marble look worktops and a pantry. A double sink with a dishwasher overlooks the garden to one side, while above and below bench cabinets surround a freestanding oven with a gas cooktop and a range hood. A tiled splashback sits between the abundant storage space and the expansive workbench, creating a delightful, homely kitchen.

The second bedroom sits off the loungeroom with hallway access to the bathroom, laundry and the front-facing main bedroom.

Each bedroom is carpeted for comfort and offers large windows with coverings. The main bedroom features a built-in robe, with a linen closet directly outside-opposite the bathroom.

The spacious, white-tiled bathroom offers a shower and a separate bath with a timber vanity between. It has a basin, storage and a mirror. There are contemporary towel rails for convenience and a large, frosted window above the bath for optimum natural light.

The toilet sits adjacent for privacy and convenience, and the laundry is at the far end, accessing both the rear garden and the garage. The laundry offers a built-in wash trough and appliances, with plenty of room for a side-by-side washing machine, dryer and storage.

The outside area features tidy, beautifully maintained gated, grassed areas and paving along the rear of the home with high fencing for privacy.
Each unit is identical in its layout and offers quality, affordable living in the centre of town. The units are on a 1035m2 block with an asphalt driveway, each with secure roller door garage entry.

This is an incredible investment property with fantastic rental opportunity and return on investment. If you're stating an investment portfolio or looking to build on an existing list - this could be the perfect piece of Mount Gambier real estate to acquire. Contact Tahlia and the team at Ray White Mount Gambier to learn more about this opportunity. These quality-built units are in an unbeatable location for long-term tenancy and will become a hot ticket listing.

Additional Property Information:
RLA - 291953
Age/ Built: Approx. late 1990's
Land Size: 1035m2
Council Rates: Approx. $344 per quarter, per unit
Rental Appraisal:
Unit 1: Leased for $350 P/W
Unit 2: Leased for $320 P/W
Unit 3: Leased for $325 P/W
An updated rental appraisal has been conducted at $350 - $360 per week.

Property History for 1-3 Mark St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
  • 16 Jan 2024
    Listed for Sale Expressions of Interest by 4pm 27th February 2024

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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 13,838 properties. Over the last 5 years, Houses in Mount Gambier have seen a 96.17% increase in median value, while Units have seen a 88.81% increase. As at 30 September 2024:

  • The median value for Houses in Mount Gambier is $452,216 while the median value for Units is $316,661.
  • Houses have a median rent of $430 while Units have a median rent of $300.
There are currently 86 properties listed for sale, and 50 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 681 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

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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.