SOLD
Sold on 03 May 2024 for $416,000

227 Commercial Street W
Mount Gambier SA 5290

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 165m2
Land area: 997m2
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Property Details for 227 Commercial St W, Mount Gambier

227 Commercial St W, Mount Gambier is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1955. The property has a land size of 997m2 and floor size of 165m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Mount Gambier in the last 12 months.

Building Type
House
Year Built
1955
Floor Size
165m2
Land Size
997m2
Local Government
Mount Gambier
Lot/Plan
A684/F194486

Last Listing description (August 2012)

FOR BUSINESS OR PLEASURE
Outstanding CBD investment opportunity in the heart of
Mt Gambier

Large allotment of 1020m2, great for First Home Buyers
Zoned Mixed use ideal for office & home
Character 3BR Mt Gambier stone home with a huge array of
development opportunities S.T.C.A.
Plans available to build unit at rear or convert current
building into professional offices
Fantastic rental return at $250/week you do the sums!

Property History for 227 Commercial St W, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$416,000
03 May 2024
Listed for Rent
21 May 2024
  • 03 May 2024
    Sold for $416,000
  • 19 Oct 2012
    Sold for $190,000
  • 01 Feb 2012
    Listed for Rent - Price not available
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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 13,849 properties. Over the last 5 years, Houses in Mount Gambier have seen a 88.75% increase in median value, while Units have seen a 86.51% increase. As at 31 July 2024:

  • The median value for Houses in Mount Gambier is $443,110 while the median value for Units is $305,888.
  • Houses have a median rent of $420 while Units have a median rent of $300.
There are currently 102 properties listed for sale, and 53 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 675 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.