OFF MARKET

51 Lake Terrace E
Mount Gambier SA 5290

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 122m2
Land area: 828m2
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Property Details for 51 Lake Tce E, Mount Gambier

51 Lake Tce E, Mount Gambier is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 828m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Year Built
1950
Floor Size
122m2
Land Size
828m2
Local Government
Mount Gambier
Lot/Plan
A190/D4453

Last Listing description (May 2023)

Please enquire for a private inspection via video call or a hosted one to one viewing

IDEAL INVESTMENT OR FIRST HOME OPPRTUNITY - Positioned along sought after 'Lake Terrace', and walking distance to Mount Gambier's famous Blue Lake is this three bedroom stone home on 836m2 (approx.) allotment. Enjoy space for the entire family with two separate living areas, elevated timber deck and detached cottage style studio with power, perfect as work-from-home office or teenage retreat. Secure, off-street parking provided by double length carport and single stone garage.

Enter home to living with new carpet, day/night blinds, ceiling fan and gas wood-look heating

Kitchen has electric cooktop, oven, dishwasher and ample storage
Three good sized bedrooms, two with built-in book shelves
Second living has new carpet, electric heating and large window spanning width of room over-looking rear garden
Bathroom has shower over bath and vanity
Tiled laundry with wash trough, storage and separate toilet
Enjoy year round entertaining from elevated timber deck with pergola
Additional living/ teenage retreat/ office/ work from home opportunity with lined cottage style studio with power and storage mezzanine
Fantastic off-street parking provided by double length carport, single stone garage and additional parking in driveway
Secure yard has double gates through to rear perfect for trailer access
Home is complete with new windows installed to living, kitchen and front bedrooms

Built approx. 1950
Appraised for lease at approx. $340 per/ week
Council Rates: approx. $1,256 per annum
SA Water Supply: approx. $70.80 per quarter
SA Water Sewerage: approx. $75.85 per quarter

Speak with the Property Management team at Complete Real Estate about managing this property

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Property History for 51 Lake Tce E, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$339,000
26 May 2023
  • 26 May 2023
    Sold for $339,000
  • 21 Mar 2023
    Listed for Sale $339,000 - $349,000
  • 27 Feb 2006
    Sold for $155,100
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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 13,830 properties. Over the last 5 years, Houses in Mount Gambier have seen a 100.32% increase in median value, while Units have seen a 103.84% increase. As at 31 January 2025:

  • The median value for Houses in Mount Gambier is $458,972 while the median value for Units is $355,070.
  • Houses have a median rent of $440 while Units have a median rent of $320.
There are currently 110 properties listed for sale, and 40 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 673 properties were sold in the past 12 months in Mount gambier.

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