SOLD
Sold on 27 Sep 2024 for $205,000

8 Schinkel Street
Mount Gambier SA 5290

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 107m2
Land area: 543m2
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Property Details for 8 Schinkel St, Mount Gambier

Building Type
Land
Floor Size
107m2
Land Size
543m2
Local Government
Mount Gambier
Lot/Plan
A300/D6304

Last Listing description (September 2023)

Nestled in the charming town of Mount Gambier, this spacious block of land presents an exceptional opportunity for development (STCC) and or investment. Positioned on a quiet street, this flat 1121m2 allotment encompasses two allotments on one title, making it the perfect canvas for subdivision and unlocking its full potential (STCC).

As you step onto the property, you'll immediately notice the generous size, the level terrain offers a blank canvas for designing and constructing multiple dwellings or creating separate parcels for future buyers, allowing for versatility and maximizing the land's value (STCC).

With a wide frontage and ample space, the block provides plenty of room to accommodate the infrastructure required for the subdivision (STCC). Whether you envision the construction of modern townhouses, duplexes, or single-family homes, the possibilities are endless.

The region itself boasts stunning natural attractions, including the renowned Blue Lake and the picturesque Valley Lakes. Residents and visitors can explore the lush landscapes, indulge in outdoor activities, or simply enjoy the serene beauty that surrounds them. Mount Gambier also hosts a range of cultural events, vibrant markets, and local festivals, fostering a strong sense of community and providing ample opportunities for leisure and entertainment.

Investing in this block of land presents not only the chance to capitalize on its subdivision potential (STCC) but also the opportunity to contribute to the growth and development of Mount Gambier. Whether you are an astute investor or a developer with a vision, this flat 1121m2 allotment, consisting of two allotments on one title, providing the ideal foundation to create a thriving residential community.

RLA - 291953
Additional Property Information:
Land Size: 1121m2
Council Rates: Approx. $394 per quarter

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Property History for 8 Schinkel St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$205,000
27 Sep 2024
  • 27 Sep 2024
    Sold for $205,000
  • 06 Sep 2023
    Sold for $159,000
  • 07 Jun 2023
    Listed for Sale Not Disclosed
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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 13,866 properties. Over the last 5 years, Houses in Mount Gambier have seen a 101.25% increase in median value, while Units have seen a 96.22% increase. As at 30 November 2024:

  • The median value for Houses in Mount Gambier is $464,512 while the median value for Units is $345,007.
  • Houses have a median rent of $440 while Units have a median rent of $300.
There are currently 109 properties listed for sale, and 56 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 652 properties were sold in the past 12 months in Mount gambier.

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