1/5 Banksia Street, Mount Gambier, SA 5290 sold on 21 February 2025 | OnTheHouse
SOLD
Sold on 21 Feb 2025 for $343,000

1/5 Banksia Street
Mount Gambier SA 5290

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 98m2
Land area: 296m2
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Property Details for 1/5 Banksia St, Mount Gambier

1/5 Banksia St, Mount Gambier is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1995. The property has a land size of 296m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in February 2025. There are other 3 bedroom Unit sold in Mount Gambier in the last 12 months.

Building Type
Unit
Year Built
1995
Floor Size
98m2
Land Size
296m2
Local Government
Mount Gambier
Lot/Plan
U4/S13684

Last Listing description (February 2025)

Fantastic three bedroom brick and tile homette positioned in small complex of four. Located a short drive to petrol station and more this neat and tidy property is a great investment opportunity or first home purchase!

? Currently tenanted at $300 per week until January 2025
? Open plan kitchen/ dining with wood-look lino floor coverings

? Kitchen complete with walk-in pantry, electric wall-oven and cooktop
? Separate carpeted living positioned at front of home with gas heating
? Master bedroom with bay window and built-in-robes
? Bedrooms 2 and 3 both with built-in-robes
? Bathroom has walk-in shower, bath and vanity. Separate toilet
? Laundry with linen press, wash trough and external access to rear yard
? Single car garage under main roof with external access
? Low maintenance secure rear yard

Built: approx. 1995
Rental Appraisal Letter: approx. $330 per week from January 2025
Council Rates: approx. TBC
SA Water Supply: approx.
SA Water Sewerage: approx.
Strata Insurance/ Sinking Fund Fees: approx. TBC per annum

Speak with the Property Management team at Complete Real Estate about managing this property

Property History for 1/5 Banksia St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$343,000
21 Feb 2025
Listed for Rent
$280/w
25 Jan 2023
  • 21 Feb 2025
    Sold for $343,000
  • 07 Nov 2024
    Listed for Sale $339,000 - $349,000
  • 10 Mar 2023
    Sold for $287,000
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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 24.0% of 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 13,795 properties. Over the last 5 years, Houses in Mount Gambier have seen a 107.34% increase in median value, while Units have seen a 114.61% increase. As at 30 November 2025:

  • The median value for Houses in Mount Gambier is $534,884 while the median value for Units is $398,027.
  • Houses have a median rent of $450 while Units have a median rent of $330.
There are currently 82 properties listed for sale, and 50 properties listed for rent in Mount gambier on OnTheHouse. According to Cotality's data, 734 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

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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.