1002/7 Lake Terrace W, Mount Gambier, SA 5290 | Property Value & History | OnTheHouse
OFF MARKET

1002/7 Lake Terrace W
Mount Gambier SA 5290

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 174m2
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Last updated 1 Jun 2026
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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.

Building Type
House
Floor Size
174m2
Local Government
Grant

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:

Highly sought-after 3rd bedroom
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

A timeline of how this property has performed in the market
Listed for Rent
$340/w
12 Jul 2022
  • 20 Jun 2022
    Listed for Rent $340 / week
  • 04 Mar 2022
    Listed for Sale $235,000 to $249,000
  • 15 Mar 2021
    Listed for Sale $219,000
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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 13,837 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 99 properties listed for sale, and 43 properties listed for rent in Mount gambier on OnTheHouse. According to Cotality's data, 705 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.