1002/7 Lake Terrace WMount Gambier SA 5290
Property Details for 1002/7 Lake Tce W, Mount Gambier
1002/7 Lake Tce W, Mount Gambier is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a floor size of 174m2.
Last Listing description (January 2023)
For investors, retirees and professional couples alike, this immaculate 3-bedroom apartment, currently owner occupied, offers a low maintenance and convenient lifestyle, alongside the luxury of residing in one of Mount Gambier's most desirable locations.
Situated with views towards the communal reserve and lake, the apartment offers privacy and security situated on the first floor. The north-south open plan living area comprises laminate kitchen and benchtops, dishwasher, near new oven, induction cooktop and rangehood. New carpet and window treatments compliment this space, accentuated with neutral wall tones and tiles. The master bedroom provides access to the ensuite with separate shower, toilet and new vanity, alongside a spacious walk-in robe. Bedrooms 2, and 3 both have built in robes. The main bathroom includes separate shower, bath, toilet, heat lamp/fan combination and new vanity. A separate laundry provides additional cupboard storage, with heating and cooling from a centrally located r/c split system and ceiling fan. Accessed via secure ground floor entry, the property also features a single lock up garage and separate basement area. With full use of common and communal garden areas, situated adjacent Mount Gambier's Blue Lake and in close proximity to the CBD, convenience and pleasure are combined make this a fantastic opportunity for the astute purchaser.
Main value adding features:
Upgraded kitchen appliances, floor and window treatments
Proximity to the Lakes Precinct and CBD
Security and privacy
Priced to sell!!!!
Property History for 1002/7 Lake Tce W, Mount Gambier, SA 5290
- 20 Jun 2022Listed for Rent $340 / week
- 04 Mar 2022Listed for Sale $235,000 to $249,000
- 15 Mar 2021Listed for Sale $219,000
Recent sales nearby
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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 13,847 properties. Over the last 5 years, Houses in Mount Gambier have seen a 111.00% increase in median value, while Units have seen a 108.24% increase. As at 30 June 2026:
- The median value for Houses in Mount Gambier is $577,050 while the median value for Units is $416,912.
- Houses have a median rent of $470 while Units have a median rent of $360.
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