1/2A Lake Terrace W, Mount Gambier, SA 5290 | Property Value & History | OnTheHouse
OFF MARKET

1/2A Lake Terrace W
Mount Gambier SA 5290

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 197m2
Land area: 449m2
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Property Details for 1/2a Lake Tce W, Mount Gambier

1/2a Lake Tce W, Mount Gambier is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 1992. The property has a land size of 449m2 and floor size of 197m2. While the property is not currently for sale or for rent, it was last sold in July 2017.

Building Type
Townhouse
Year Built
1992
Floor Size
197m2
Land Size
449m2
Local Government
Mount Gambier
Lot/Plan
A2/D31051

Last Listing description (May 2025)

Welcome to 1/2B Lake Terrace West, Mount Gambier - a beautifully maintained, solid stone townhouse offering comfort, convenience, and security in a sought-after location.

The heart of the home is an open-plan kitchen, living, and dining area, perfect for entertaining or relaxing with family. The kitchen is well-appointed with gas cooking and a dishwasher, catering to both practicality and style. This space is comforted by a new LG split system for year round comfort.


A formal lounge room offers a separate retreat for more intimate gatherings or quiet relaxation.

This delightful three-bedroom home is designed for modern living, featuring built-in wardrobes in all bedrooms, ensuring ample storage space. The main bathroom includes a shower, a separate bath, and a separate toilet, while an additional ensuite with a shower and toilet provides extra convenience.

Comfort is assured year-round with gas ducted heating throughout the property, while the security alarm system provides peace of mind. The attached garage with internal access enhances the home's practicality, making day-to-day living effortless.

Step outside to the charming north facing courtyard, complete with a pergola draped in wisteria, creating a tranquil outdoor space to unwind.

Located in a desirable area and offering both style and security, this property is an excellent opportunity for those seeking a well-appointed home in Mount Gambier.

Enjoy comfort and style in a fantastic location. Contact Tahlia and the friendly, professional Ray White team to learn more and to your viewing to avoid disappointment. RLA 291953

Additional Information:
Age/ Built: Approx: 1993
Land Size: 520m2
Council Rates: Approx. $469 per quarter
Rental Appraisal: There is currently a tenant paying $420 per week in the property on a periodic lease. We have conducted a rental appraisal for approximately $420 - $440 per week.

Property History for 1/2a Lake Tce W, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$285,000
25 Jul 2017
Listed for Rent
$350/w
21 Mar 2019
  • 20 Mar 2025
    Listed for Sale $489,000 - $519,000
  • 21 Mar 2019
    Listed for Rent $340 / week
  • 25 Jul 2017
    Sold for $285,000
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About Mount Gambier 5290

The size of Mount Gambier is approximately 26.8 square kilometres. There are 114 parks, covering nearly 24.0% of the total area. The population of Mount Gambier in 2016 was 25512 people. By 2021 the population was 25591 showing a population growth of 0.3% in the area during that time. The predominant age group in Mount Gambier is 50-59 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 community and personal service occupation.In 2021, 62.70% of the homes in Mount Gambier were owner-occupied compared with 61.30% in 2016.

Mount Gambier has 13,836 properties. Over the last 5 years, Houses in Mount Gambier have seen a 110.94% increase in median value, while Units have seen a 116.19% increase. As at 30 April 2026:

  • The median value for Houses in Mount Gambier is $575,519 while the median value for Units is $425,087.
  • Houses have a median rent of $470 while Units have a median rent of $355.
There are currently 94 properties listed for sale, and 48 properties listed for rent in Mount gambier on OnTheHouse. According to Cotality's data, 708 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.