9/48 Lake Terrace EMount Gambier SA 5290
Property Details for 9/48 Lake Tce E, Mount Gambier
9/48 Lake Tce E, Mount Gambier is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 110m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Mount Gambier in the last 12 months.
Last Listing description (September 2024)
Ray White Mt Gambier is pleased to offer unit 9, 48 Lake Terrace East, Mount Gambier, for sale.
This spacious, unit is located close to the famous Blue Lake and surrounding parks, reserves and lookout points. The two-bedroom home sits nearby to supermarkets, cafes and transport links. It is accessed via a shared driveway that culminates at the rear of the apartment complex, where the unit is tucked away from the main road for privacy and security. The driveway leads to a single-car garage, with electric entry, under the main roof.
The garage has an internal door leading through the laundry for convenience.
The main entry to the unit steps up into a front-facing lounge room that accesses both bedrooms to the left. The main bedroom overlooks the front of the property and benefits from a wall-to-wall built-in robe. Both bedrooms are comforted with neutral carpet and offer pendant lighting, large windows with curtain coverings and neutrally decorated walls and ceilings.
The lounge room has a large window with an awning for privacy and is comforted with neutral carpets, reverse cycle air-conditioning and gas heating. It leads into the open-plan kitchen and dining room via a sliding door.
The kitchen offers solid cabinetry with abundant storage. It has a double sink overlooking the side of the property via large windows that invite natural light and are covered with bamboo blinds. There is a stand-alone oven with an electric cooktop and a breakfast bar for added bench space. Bamboo timber flooring flows from the kitchen to the dining area, where pendant lighting sits above the eating area. Large windows allow natural light and a view of the quaint and attractive outdoor space.
A second sliding door leads from the kitchen to the rear hall, which accesses the tiled laundry room and bathroom at the far end.
The laundry has a wash trough and an external door for convenient access outside. The bathroom has a separate toilet for privacy and a shower room with a shower and a separate bath with convenient overhead shelving. A modern vanity with storage sits below a large window offering natural light and blinds for privacy.
The outside area is paved with a stone garden for low-maintenance green spaces. High fencing and a high brick wall ensure residents and visitors feel secure and separated from neighbouring apartments.
Contact Tahlia Gabrielli at Ray White Mt Gambier, to learn more about this affordable investment opportunity. RLA 291953
Additional Information:
Land Size: 111m2
Build Year: 1973
Council Rates: Approx. $358.01 per quarter
Strata Rates: Approx. $284 per quarter
Rental Appraisal: The property is currently leased at $260 per week until 07/12/2024 with an updated rental appraisal of $300 to $330 per week
Property History for 9/48 Lake Tce E, Mount Gambier, SA 5290
- 26 Sep 2024Sold for $250,000
- 06 Aug 2024Listed for Sale $249,000 - $259,000
- 23 Nov 2023Listed for Rent $260 / week
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0About 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.
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