5-7 Commercial Street WMount Gambier SA 5290
Property Details for 5-7 Commercial St W, Mount Gambier
5-7 Commercial St W, Mount Gambier is a 10 bedroom, 5 bathroom Unit with 1 parking spaces. The property has a land size of 371m2. While the property is not currently for sale or for rent, it was last sold in August 1995.
Last Listing description (May 2021)
Seeking return on money for investment-this is it! Approximately 8.2% Gross Return!!
Low maintenance, zoned residential and centrally located close to public transport. All 5 units are on the one title.
The property consists of 5, 2 bedroom double brick units, open living with kitchen, meals and lounge.
There is off street parking available for all units.
All 5 units have current tenants.
UNIT 1 - $180.00 per week - Unit has been renovated throughout.
UNIT 2 - $160.00 per week
UNIT 3 - $130.00 per week
UNIT 4 - $180.00 per week - Unit has been renovated throughout.
UNIT 5 - $125.00 per week - Long term tenant. In unit since 1996.
With improvements to units 2, 3 and 5 you could possibly get $900.00 per week combined.
This is the perfect addition to your investment portfolio.
Property History for 5-7 Commercial St W, Mount Gambier, SA 5290
- 29 Aug 2019Listed for Sale $489,000
- 11 Aug 1995Sold for $409,000
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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 13,863 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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