SOLD
Sold on 16 Oct 2024 for $320,000

1/9 Marara Street
Mount Gambier SA 5290

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 322m2
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Property Details for 1/9 Marara St, Mount Gambier

1/9 Marara St, Mount Gambier is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 322m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in Mount Gambier in the last 12 months.

Building Type
Unit
Year Built
1978
Floor Size
78m2
Land Size
322m2
Local Government
Mount Gambier
Lot/Plan
U1/S3953

Last Listing description (November 2024)

Jason Malseed of Malseeds Real Estate is pleased to present for sale, Unit 1 of 9 Marara Street.

This neat and tidy two bedroom, one bathroom unit is perfect to add to your investment portfolio. With quality long-term tenants, this one will go quick!

Located in a quiet street, this property presents itself alongside one other unit. The unit features an elongated floorplan, entering into a hallway directly through the front door. The kitchen features electric cooking and ample bench space, with cupboards for storage and convenience.

The loungeroom in this property directly flows on from the kitchen and opens out onto the outdoor area and rear yard.

Both bedrooms in this property are carpeted and of reasonable size.

This property is currently achieving $220.00 per week with tenants secured until November 2022.

If you have any questions or would like to inspect, please contact Jason Malseed on 0419 032 795.

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Property History for 1/9 Marara St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$320,000
16 Oct 2024
Listed for Rent
$200/w
05 Nov 2014
  • 16 Oct 2024
    Sold for $320,000
  • 26 Aug 2024
    Listed for Sale $299,000 to $329,000
  • 05 Dec 2022
    Sold for $237,000
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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 13,862 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 101 properties listed for sale, and 55 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 680 properties were sold in the past 12 months in Mount gambier.

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