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Sold on 13 Sep 2024 - Price Unavailable

2 Crouch Street N
Mount Gambier SA 5290

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 1019m2
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Elders Real Estate Mount Gambier (RLA62833)
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Property Details for 2 Crouch St N, Mount Gambier

2 Crouch St N, Mount Gambier is a 4 bedroom, 2 bathroom Unit and was built in 1925. The property has a land size of 1019m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 4 bedroom Unit sold in Mount Gambier in the last 12 months.

Building Type
Unit
Year Built
1925
Land Size
1019m2
Local Government
Mount Gambier
Lot/Plan
A2/F1726

Last Listing description (October 2024)

Investors, this is a rare opportunity to purchase 2 adjoining leased properties (2 separate titles), located in a sought after area on Crouch Street North, Mount Gambier.

Unit 1 - Offers a spacious 3 bedroom, 1 bathroom Mount Gambier stone constructed dwelling, complemented by split system air conditioning, ensuring year-round comfort, plus inviting warm floorboards throughout. Outside features include rear yard access to a separate stone garage.

Currently tenanted at $335.00 per week until 30/06/2025 - NEW RENTAL APPRAISAL suggesting $350.00 - $370.00 per week.

Unit 2 - Offers an inviting 1 bedroom, 1 bathroom Mount Gambier stone constructed dwelling, featuring gas heating, plus inviting warm floorboards throughout. Outside features in separate driveway to single car carport.

Currently tenanted at $215.000 per week until 30/01/2025 - NEW RENTAL APPRAISAL suggesting $230.00 - $240.00 per week.

Extra information, no strata manager is required for these properties, as the current vendor owns both properties, which is a big saving to an investor per year.

Mount Gambier is known for its vibrant community and excellent investment opportunities. Proximity to local schools, parks, and shopping centre's ensures that all your daily needs are met with ease.

Don't miss this opportunity to secure a well-priced investment in a sought-after location. Act fast-these amazing investment properties won't stay on the market for long!

In conjunction with Al Lamond from Key 2 Sale.

RLA 62833

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Property History for 2 Crouch St N, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
13 Sep 2024
  • 13 Sep 2024
    Sold
  • 16 Aug 2024
    Listed for Sale E.O.I Thurs 12/9/24 by 12pm (Unless Sold Prior)
  • 09 May 2023
    Sold for $625,000
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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 13,866 properties. Over the last 5 years, Houses in Mount Gambier have seen a 101.25% increase in median value, while Units have seen a 96.22% increase. As at 30 November 2024:

  • The median value for Houses in Mount Gambier is $464,512 while the median value for Units is $345,007.
  • Houses have a median rent of $440 while Units have a median rent of $300.
There are currently 109 properties listed for sale, and 56 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 652 properties were sold in the past 12 months in Mount gambier.

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