SOLD
Sold on 21 Mar 2024 for $260,000

5 Cardinia Street
Mount Gambier SA 5290

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 104m2
Land area: 697m2
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Property Details for 5 Cardinia St, Mount Gambier

5 Cardinia St, Mount Gambier is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1955. The property has a land size of 697m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Mount Gambier in the last 12 months.

Building Type
House
Year Built
1955
Floor Size
104m2
Land Size
697m2
Local Government
Mount Gambier
Lot/Plan
A50/F32157

Last Listing description (February 2024)

Ray White Mt Gambier is pleased to present 5 Cardinia Street, Mount Gambier, for sale.

This three-bedroom home sits within a short walk of Woolworths on Commercial Street East and offers contemporary living with a large, grassed rear garden, enclosed vegetable plot and a garden shed. The property would be ideal as an investment for rental, a first home, or a downsized home for a single or couple requiring easy access to amenities such as supermarkets, healthcare, recreation and dining.

This property is sold with an option to purchase the adjoining three-bedroom property at 7 Cardinia Street. The details of the multiple purchases can be discussed upon inquiry. The option to acquire both properties makes this a unique investment opportunity with scope for renovation, holiday let and long-term rental potential.

The main house is accessed from a left-hand concrete driveway, leading through to the rear garden that provides secure gated entry. The house is protected by an established tree screen within the fenced front garden, offering lots of privacy.

A front portico leads into a central living room with two large bedrooms on either side.

Timber floorboards and white walls feature throughout the home, creating a light and airy space. The living room offers reverse-cycle air conditioning and pendant lighting with high ceilings.

Bedroom three sits to the left of the living area, while the main bedroom sits to the right. The second bedroom is directly behind and offers built-in robes. Each spacious room features floorboards and large windows with curtain coverings. The main bedroom benefits from electric heating built around an original fireplace mantle with high ceilings and pendant lighting.

The family bathroom is central within the home - easily accessed from the bedrooms and living area. It offers a bath, a separate shower, a vanity with storage and a mirrored medicine cabinet. Frosted glass windows look onto the mudroom beyond. A linen closet sits outside of the bathroom for convenience.

A large kitchen is to the left of the bathroom, offering abundant white cabinetry, marble-look black worktops and an electric oven with a gas cooktop. A double sink with modern tapware overlooks the rear garden with a classic white tiled splashback.

A spacious laundry is accessed from the kitchen/dining space. It offers a built-in wash basin, storage and access to the toilet to the far left for privacy. A sliding door leads from the laundry to a mud room that also accesses a large storage room.

A rear portico provides an area for a barbeque and access to a spacious rear grassed garden with lots of room for play. The garden also accommodates a shed with room for storage and gardening equipment that will come in handy when tending to a large enclosed vegetable plot.
The fully enclosed yard also offers a central clothesline and established trees at the rear for privacy. This green space is perfect for a young family with small pets, children and a keen interest in homegrown produce.

Whether purchased individually or with the adjoining three-bedroom home - this is a fantastic opportunity to own a property in the centre of Mount Gambier. The benefit of proximity to shopping, schools, and local tourist attractions
will ensure an incredible return on your investment.

Contact Leearna and the team at Ray White Mt Gambier today to learn more about this listing, the surrounding area and the rental income.

RLA - 291953
Additional Property Information:
Age/ Built: 1955
Land Size: 682m2
Council Rates: Approx. $1,100 per annum
Rental Appraisal: The property is currently leased at $290 per week until 12/01/2025, an updated rental appraisal has been conducted at $320 - $340 per week.

Property History for 5 Cardinia St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$260,000
21 Mar 2024
  • 21 Mar 2024
    Sold for $260,000
  • 01 Feb 2024
    Listed for Sale $229,000 - $249,000
  • 11 Dec 2018
    Sold for $140,000
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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 13,861 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 99 properties listed for sale, and 55 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 672 properties were sold in the past 12 months in Mount gambier.

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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.