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Sold on 20 Mar 2024 for $720,000

55A Cardinia Street
Mount Gambier SA 5290

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 910m2
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Property Details for 55a Cardinia St, Mount Gambier

55a Cardinia St, Mount Gambier is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 910m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 8 bedroom BlockOfUnits sold in Mount Gambier in the last 12 months.

Building Type
BlockOfUnits
Land Size
910m2
Local Government
Mount Gambier
Lot/Plan
A658/F193650

Last Listing description (March 2024)

• Hard to find group of four flats on 1 title
• All flats leased, showing strong returns
• Consisting of – 1 bedroom stone cottage, x2, 2 bedroom brick flats and x1, 3 bedroom brick flat

• Cottage consisting of an open kitchen/dining area – lounge, bedroom, shower & toilet
• Flats consist of open kitchen/dining/living area
• Built in robes in most bedrooms, bathrooms with shower/bath/toilet
• Updated flooring & tidy paintwork, secure fencing
• All flats offer a carport – walking distance to supermarket & City centre
• Returning $52,000 gross – this investment opportunity will not last

Further property information:
Land size: approx. 910m2
Council: City of Mount Gambier
Council Rates: approx. $4,264 p/annum
Zoning: SN Suburban Neighbourhood
SA Water Supply charge: $74.20 per quarter
SA Water Sewer charge: $95.33 per quarter
Emergency services levy: $99.55 per annum
Rental information: approx. $52,000 per annum
Built year: 1975

Property History for 55a Cardinia St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$720,000
20 Mar 2024
Listed for Rent
$175/w
05 Dec 2018
  • 12 Apr 2024
    Sold for $720,000
  • 06 Feb 2024
    Listed for Sale $729,000 - $769,000
  • 28 Feb 2020
    Sold for $374,000
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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.
There are currently 99 properties listed for sale, and 56 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.

Suburb Insights for Mount Gambier 5290

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Emily Rayner
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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.