SOLD
Sold on 28 Jun 2024 for $159,000

7/55 Jubilee Highway E
Mount Gambier SA 5290

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 60m2
Land area: 69m2
Sold By
Elders Real Estate Mount Gambier (RLA62833)
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Property Details for 7/55 Jubilee Hwy E, Mount Gambier

7/55 Jubilee Hwy E, Mount Gambier is a 1 bedroom, 1 bathroom Unit and was built in 1965. The property has a land size of 69m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Unit sold in Mount Gambier in the last 12 months.

Building Type
Unit
Year Built
1965
Floor Size
60m2
Land Size
69m2
Local Government
Mount Gambier
Lot/Plan
U7/S2861

Last Listing description (July 2024)

Elders Mount Gambier is pleased to present 7, 55 Jubilee Highway East, Mount Gambier, for sale.
It is currently rented out at $200 per week until 6/9/24.
The property sits within an apartment complex and comprises a one-bedroom unit with a private parking space and a small courtyard. It benefits from a prime location for accessing supermarkets, healthcare and public transport and is within a short walk of Woolworths Mount Gambier and McDonald Park.

Looking to add a passive revenue stream to your income? This could be a fantastic opportunity to capitalise on a centrally located dwelling with the bonus of a parking space and easy access to all of Mount Gambier's amenities. The unit is well-maintained and would appeal to investors looking to add to a rental portfolio - or someone looking to enter the property market for the first time.
Access to the complex is via a driveway that peels off Jubilee Highway and wraps around a central garden, accessing the unit, which sits centrally at the far end - well off the road and away from passing traffic.
Enter the unit through a powered, concrete carport and walk directly into the front-facing living room. This spacious room is painted white for a light and fresh feel. It is carpeted in grey and features reverse-cycle air-conditioning that comforts the whole unit.
A central hall accesses the bedroom directly behind the living area. The double bedroom is carpeted and offers pendant lighting and a large window with Venetians offering natural light and privacy.
The kitchen/dining area sits opposite. The contemporary space has floating floors and stylish white cabinetry above and below the benches. It accommodates a single sink and a gas oven with a gas cooktop. The kitchen provides an exhaust fan and room for a dining table.
A laundry sits at the rear of the kitchen, facing the courtyard, which it accesses via and external door. It offers a built-in wash trough and has bench space and room for storage. The bathroom sits opposite, accessed from the hall. It overlooks the rear yard and features a vanity with a basin, a shower and a toilet.
The rear yard features a small, covered porch area, planter boxes and a low-maintenance sitting area.
This property is ready to rent immediately, with a rental appraisal and further details available upon request. It would be ideally suited to FIFO contractors, students, single occupants or couples and is in a convenient area for those working in the centre of Mount Gamier.
Contact Sarah Barney at Elders Real Estate, Mount Gambier, to learn more and book a viewing of the unit and surrounding complex.

Property History for 7/55 Jubilee Hwy E, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$159,000
28 Jun 2024
Listed for Rent
$140/w
21 Jan 2019
  • 28 Jun 2024
    Sold for $159,000
  • 21 Mar 2024
    Listed for Sale $159,000 - $169,000
  • 31 Aug 2018
    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 13,863 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, 681 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

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Disclaimer
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.