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Sold on 10 Apr 2024 - Price Unavailable

5/42 Ferrers Street
Mount Gambier SA 5290

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 108m2
Land area: 214m2
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Property Details for 5/42 Ferrers St, Mount Gambier

5/42 Ferrers St, Mount Gambier is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 214m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Mount Gambier in the last 12 months.

Building Type
Unit
Floor Size
108m2
Land Size
214m2

Last Listing description (April 2024)

Ray White Mt Gambier are pleased to present 5/42 Ferrers Street, Mt Gambier for sale.

Situated in one of Mount Gambier's most premiere locations just a stones throw from the CBD, Rail Lands precinct, popular eateries and services, 5-42 Ferrers Street offers low maintenance living in a private and quality setting, an ideal location for those considering a downsize or future planning in an often tightly held area.

The stencilled driveway leads you to an attractive bluestone fronted unit located at the rear of a group of 6, greeting you with classic and inviting style. Entering the home, you'll appreciate quality timber cabinetry framing the neutrally toned and warm space within.

Offering 2 sizeable bedrooms, the master bedroom at the front of the home benefits from loads of natural morning light, with large built in wardrobes and direct access to the two-way bathroom. Bedroom number two also includes built in wardrobes, with quality flooring and window finishings throughout.

At the rear of the home, the kitchen, dining and living areas take in the afternoon warmth offering a cozy space to relax in the carpeted lounge, kept comfortable with ducted central gas heating. The kitchen includes ample storage and bench space with electric cooking, which overlooks a tiled dining area and easy access to the sheltered rear pergola.

Wet areas include a two-way bathroom with walk in shower, separate bathtub and convenience of a separate toilet. The laundry offers great linen storage and outside access.

A remote roller access single garage provides secure parking, with PA door access to the tidy rear courtyard and additional storage shed, offering a private and low maintenance space.

Currently tenanted at $320 per week on a fixed lease to September 2024 with quality tenants, offering immediate rental return for an investor, or a flexible timeframe to plan your next move.

An absolute gem in an unbeatable location that is a must for inspection, contact Alistair to arrange your viewing today.
RLA - 291953
Additional Property Information:
Approx Property Age: 1997
Land Size: 214sqm
Council Rates: $352 per quarter
Water Rates: $154 per quarter
Strata Rates: $350 per quarter
Rental Appraisal: The property is currently leased at $320 per week until 19/09/2024, an updated rental appraisal has been conducted of approximately $340 - $360 per week

Property History for 5/42 Ferrers St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
10 Apr 2024
Listed for Rent
$265/w
18 Feb 2021
  • 29 Apr 2024
    Sold for $361,000
  • 01 Feb 2024
    Listed for Sale $340,000 - $360,000
  • 25 Jan 2021
    Listed for Rent $265 / week
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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 13,860 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.
There are currently 101 properties listed for sale, and 58 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 663 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

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Contact agent
Alistair Coonan
Show contact details
Ray White Mt Gambier
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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.