SOLD
Sold on 09 Jul 2024 - Price Unavailable

5/48 Lake Terrace E
Mount Gambier SA 5290

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 113m2
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Property Details for 5/48 Lake Tce E, Mount Gambier

5/48 Lake Tce E, Mount Gambier is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 113m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Apartment sold in Mount Gambier in the last 12 months.

Building Type
Apartment
Land Size
113m2

Last Listing description (July 2024)

Ideally positioned in a group of 11 solid units close the Lakes area of Mount Gambier, 5-48 Lake Terrace East offers a fantastic opportunity for those looking to get into the property market at an achievable price in a well sought after area.

Built approximately 1973, this solid brick and tile unit offers 2 bedrooms, the large master at the front of the property including built in wardrobes, and both bedrooms are carpeted.

The lounge takes in east facing morning light through the large window, and is comforted all year round with reverse cycle air conditioning plus a separate electric heater. At the rear of the unit, the kitchen and separate dining space benefit from the afternoon sun, with gas cooking.

Wet areas include a walk in shower and separate bath tub, plus convenience of a separate toilet. The laundry area includes linen closet, and rear ramped access to a paved courtyard. External features also include a spacious private garage at the front with lockable roller door for vehicle or personal storage.

Services to the property include town water, sewer and gas supply, with instant gas hot water to the property.

A short walk to the popular Lennon's Deli on Lake Terrace, and close to both the Lakes Precinct as well as the CBD of Mount Gambier - a great location for any type of buyer, or a solid rental opportunity for the investor. Contact Alistair to arrange your viewing today.

RLA - 291953
Additional Property Information:
Approx Property Age: 1973
Land Size: 113sqm
Council Rates: $304 per quarter
Strata Rates: $284 per quarter
Rental Appraisal: A rental appraisal has been conducted of approximately $280 - $300 per week

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Property History for 5/48 Lake Tce E, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
09 Jul 2024
Listed for Rent
$190/w
07 Mar 2019
  • 24 Jul 2024
    Sold for $255,000
  • 29 Apr 2024
    Listed for Sale $239,000
  • 07 Mar 2019
    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 13,844 properties. Over the last 5 years, Houses in Mount Gambier have seen a 98.97% increase in median value, while Units have seen a 88.86% increase. As at 28 February 2025:

  • The median value for Houses in Mount Gambier is $466,563 while the median value for Units is $337,300.
  • Houses have a median rent of $450 while Units have a median rent of $320.
There are currently 109 properties listed for sale, and 38 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 684 properties were sold in the past 12 months in Mount gambier.

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Contact agent
Alistair Coonan
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Ray White Mt Gambier
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