25 Pearce Crescent

Mount Gambier SA 5290

A good-sized grassed garden accesses the front of the home and leads to an elevated, covered portico.
Inside, a front-facing lounge room presents immediately to the left. This room offers floorboards and accesses a rear-facing kitchen. A freestanding oven and cooktop come with the purchase and fit nicely into the space, which is equipped with existing cabinetry that would likely be removed in preference of a new kitchen with floors and paintwork.
A central hallway leads to a linen cupboard at the far end. It accesses three bedrooms and a family bathroom that has again been gutted for a complete refit.
The rear of the property offers a solid, covered pergola area that could be utilised in a variety of creative and functional ways, and stylishly updated with renters in mind.
The space is perfect for a brand-new renovation project with an outlook of attracting a fantastic rental return. With access to schools, childcare and the central shopping district moments away, there is lots of potential for creating a modern space that would attract young families or students. Airbnb accommodation could also be a possibility (STCA) and with easy access to Pick Avenue, Penola Road and the Glenelg River Road. Tourists benefit from close access to hot attractions, including the famous Blue Lake, which is within walking distance, and the newly established and on trend Little Rippa Brewing Company, which is just a short drive from the property.
This is a unique opportunity for someone looking to enter the property market or add to an existing portfolio while completely transforming this blank canvas.
To learn more about this intriguing auction sale or to view, contact Tahlia and the team at Ray White Mt Gambier. RLA 291953

Additional Property Information:
Age/ Built: Approx. 1963
Land Size: Approx. 576m2
Council Rates: Approx. $283 Per Quarter
Rental Appraisal: Property updated could achieve a rental return of approximately $260 to $280 per week.