114 Lake Terrace E, Mount Gambier, SA 5290 | Property Value & History | OnTheHouse
OFF MARKET

114 Lake Terrace E
Mount Gambier SA 5290

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 233m2
Land area: 731m2
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Property Details for 114 Lake Tce E, Mount Gambier

114 Lake Tce E, Mount Gambier is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1961. The property has a land size of 731m2 and floor size of 233m2. While the property is not currently for sale or for rent, it was last transferred in February 2025.

Building Type
House
Year Built
1961
Floor Size
233m2
Land Size
731m2
Local Government
Mount Gambier
Lot/Plan
A11/D4638

Last Listing description (June 2020)

RayWhite Mt Gambier are pleasedto present for sale114 Lake Terrace East, MtGambier.

This renovated2 storyhomehas space for everyoneand is packed with high spec features and a personality thatcannot help butentice.

Located within easy walking distance of the Blue Lake andLakes recreational areas as well as closeproximity toshoppingand schools,the home awaits an eagerbuyerto add to itsalreadyvibrant outlook.

The current owners have gone to immense effort to transform this 1960s build,to a modern, character filled home.

This iconicproperty can beidentifiedon approachbyan unmistakableCanary Island Date Palm,marking yourarrival with charisma.

A largedrive throughdriveway leads toasingle car undercover garage, which allows for internal access to the home.

The main stairs leadup tothe second floor and main entrytothe home where a balcony runs across the frontage.

Once insideto the right ofthe entranceyou will find four of thefivebedrooms,all with built in robes, you willfindadditional linen cupboards/ storagein the passage along with the large retro bathroom that is central to all bedrooms and offers bath and shower, vanity, andrenovatedseparate toilet.

To theleft of the entranceyou willenterthelarge family loungecompletethe with gas fireplace, lots of natural lightadding to the room's sunny disposition -and open access to theextensivelyrenovatedkitchen / dining area.

Wooden flooring, stylish lighting andmoderntilesurrounds make this a beautiful environment for cooking and enjoying meals as a family. The kitchen featuresa convenient butlers pantry's,high quality appliances including pyroliticelectricoven,ceramiccooktop and dishwasheras well as a double sink.

The rear hall leads to a statementfamily roomthatretainsthe home'sretro heritage paying homage to the era with vibrant carpets and vintage lightfittings.

The current owners use this spaceto unwind whilst listening torecords and relaxing with a glass of wine, however this spacious room could easily be rumpus / games room for younger family members.

Continuing down the hall is entry to a large rear pergoladesignedfor enjoying the outdoors andentertaining guests. Agood-sizedlaundry is located at the end of the home offering functionality and convenience.

Moving downstairs on the ground floorisaspace limited only by your imagination,master suite, teenager's retreat, home business, or separate living quarters. WithInternal and external accessto a large bedroom or rec room with bathroom, toilet andseparatestudio attached, makestheperfectaccommodationwith the added benefits of a workor fitness space,sothere isplenty of opportunity to create exactlywhatyou want.

The home has a low maintenance garden and presents with the appeal of a character property with lots of space to enjoy, create and relax. The sought-after location makes this an even moredesirable listing,so contactRay White Mt Gambier today to arrange your inspection. RLA 291953

Additional Property Information:
Age/ Built: Approx. 1961
Land Size: Approx. 731m2
Council Rates: Approx. $350 Per Quarter

Property History for 114 Lake Tce E, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Transferred
14 Feb 2025
  • 14 Feb 2025
    Transferred
  • 03 Aug 2020
    Sold for $278,000
  • 08 May 2020
    Listed for Sale $280,000-$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 13,839 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 95 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.