7/48 Lake Tce E, Mount Gambier is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1973. The property has a land size of 112m2 and floor size of 3m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Ray White Mt Gambier are pleased to present for sale 7/48 Lake Terrace East, Mt Gambier. This property presents a great opportunity to purchase a unit that is against the normal offering on the market.
This spacious unit is only half a kilometre to the Blue Lake and less than 2 kilometres to the main post office and central business district. It's situated in close proximity to Lennons Food Store, Newsagency and Butcher. This unit is perfect for those who want to live close to town, or have the ability to walk to the nearest shop with ease.
Entering the unit you are presented with timber-look flooring which flows through the kitchen and living area. The kitchen features an electric cooktop and oven, single bowl sink and an abundance of cupboard and bench space. The living/lounge area features gas heating for your convenience and allows for natural light to beam through.
Additional Property Information:
Age/ Built: Approx. 1973
Land Size: Approx. 112m2
Council Rates: Approx. $263 Per Quarter
Strata Costs: Approx $215 Per Quarter
Lease Details: The property is currently leased until 13/2/2021 and is achieving $210 per week.
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 13,849 properties. Over the last 5 years, Houses in Mount Gambier have seen a 88.75% increase in median value, while Units have seen a 86.51% increase. As at 31 July 2024:
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