SOLD
RECENT ADVICE
Sold on 20 Mar 2024 for $515,000

226 Commercial Street E
Mount Gambier SA 5290

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 1258m2
Save

Property Details for 226 Commercial St E, Mount Gambier

226 Commercial St E, Mount Gambier is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1890. The property has a land size of 1258m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Mount Gambier in the last 12 months.

Building Type
House
Year Built
1890
Land Size
1258m2
Local Government
Mount Gambier
Lot/Plan
A7/F107697

Last Listing description (March 2024)

Nestled in Mount Gambier's vibrant community, this captivating 3-bedroom cottage offers a lifestyle brimming with comfort, potential, and delightful surprises. This character laden gem sits on a sprawling 1258sqm allotment, presenting exciting subdivision possibilities (subject to planning approval) for the savvy investor.

Step inside the captivating leadlight entrance and discover a world of warmth and charm. Gleaming timber floors guide you through a semi-open plan living area, bathed in natural light and warmed by the inviting glow of a slow combustion wood heater. Imagine cozy evenings curled up with a book by the crackling fire, while the aroma of home-cooked meals fills the air from the functional kitchen. Featuring electric cooking, a dishwasher, and tiled benches, the kitchen seamlessly flows into the dining space with elegant parquetry flooring, creating a perfect hub for family gatherings.

The practical bathroom boasts a shower over the bath and vanity, while the separate toilet and laundry ensure everyday living runs smoothly. Two of the three bedrooms feature generous mirrored built-in robes, offering ample storage solutions.

Venture outside and discover a tranquil oasis. An undercover pergola, adorned with lush greenery, invites you to relax and unwind. Whether it's alfresco dining under the stars or lazy afternoons basking in the sunshine, this space promises moments of serenity amidst nature.

But the magic truly unfolds with the expansive approx. 1258sqm allotment. With the cottage already fenced off from the rear land, subject to planning approval, this property presents the exciting potential to subdivide a separate vacant allotment, ideal for further development. Alternatively, enjoy the generous space for additional shedding, ample parking, or simply bask in the expansive backyard. A wood and garden shed and a single carport with remote roller door provide convenient storage and under-cover parking solutions. Whilst at the rear an additional double car iron garage provides additional lock up vehicle parking.

The captivating facade completes the picture. Banana trees grace the front, evoking a sense of serenity and tropical escape. The fence is adorned with beautiful greenery, creating a formal entrance, while garden beds bursting with dahlias and cottage plants add vibrant pops of colour.

This captivating cottage is a haven for retirees, a golden opportunity for investors, and with the right zoning, even holds potential for business premises (STPA). Offering the butcher shop across the street, the post office and Rosaville Deli just a stones throw away, this property is the unique blend of charm, functionality, and endless possibilities.

Extra Information:
Council Rates / $1,351.08 p/a
SA Water Supply Charge / $74.20 p/qtr
SA Water Sewer Supply Charge / $79.50 p/qtr
Emergency Services Levy / $80.20 p/a
Independent Rental Appraisal / TBA
Build Year / 1890
Land Size / 1258m2
Council / City of Mount Gambier
Zoning / Business Neighbourhood

Disclaimer:
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property’s land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Please read the Consumer and Business Services Form R7 http://www.cbs.sa.gov.au/assets/files/form_r7_warning_notice.pdf in reference to any financial or investment advice contained within this communication. Liability limited by a scheme approved under Professional Standards Legislation.

Property History for 226 Commercial St E, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$515,000
20 Mar 2024
Listed for Rent
$287/w
07 Oct 2020
  • 22 Feb 2024
    Listed for Sale $495,000 - $535,000
  • 21 Feb 2019
    Listed for Rent $15,000 / year
  • 15 Dec 2017
    Sold for $258,500
Sign in to see more transactions

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 13,838 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

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
Gail Richards
Show contact details
Toni Gilmore
Show contact details
Key 2 Sale
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.