3/14 Bailey StreetMount Gambier SA 5290
Property Details for 3/14 Bailey St, Mount Gambier
3/14 Bailey St, Mount Gambier is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 404m2 and floor size of 133m2. While the property is not currently for sale or for rent, it was last sold in March 2020.
Last Listing description (February 2020)
Ray White Mount Gambier are proud to present for sale the investment opportunity that is 14 Bailey Street, Mount Gambier.
These properties were built in 2013 by Empak Homes and they offer everything an investor is looking for. The properties offer long-standing secure leases, which offer zero vacancy rates and a great rental return of $295 per week.
All properties offer a modern floor plan and colour scheme, the properties offer an open plan kitchen, living and dining area with gas cooking, dishwasher and ample bench and cupboard space. The properties are comforted with a reverse cycle air conditioner unit located in the open plan living area.
The bathroom's are modern and timeless and feature a bath, separate shower, vanity and toilet. Each property offers and additional second separate toilet for privacy and convenience.
This unique modern complex of 8 offers 6 properties currently remaining available for sale, all with secure leases in place until late 2021 / early 2022 with the option to renew for a further two year tenure (late 2023 / early 2024).
For more information or to arrange an inspection of 1-6/14 Bailey Street please contact Sarah or Tahlia from Ray White Mount Gambier today. RLA 291953
Additional Property Information:
Built/ Age - Approx. 2013
Council Rates - Approx. $1,292 per property
Property History for 3/14 Bailey St, Mount Gambier, SA 5290
- 11 Mar 2020Sold for $229,000
- 04 Oct 2018Listed for Sale $229,000-$239,000
- 23 Oct 2017Listed for Rent - Price not available
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0About 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 13,863 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.
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