15 Leumeah Street, Mount Gambier, SA 5290 | Property Value & History | OnTheHouse
 
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15 Leumeah Street
Mount Gambier SA 5290

Bedrooms: 4
Bathrooms: 2
Car spaces: 15
Floor area: 294m2
Land area: 1887m2
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Last updated 2 Feb 2026
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Property Details for 15 Leumeah St, Mount Gambier

15 Leumeah St, Mount Gambier is a 4 bedroom, 2 bathroom House with 15 parking spaces and was built in 1960. The property has a land size of 1887m2 and floor size of 294m2. While the property is not currently for sale or for rent, it was last sold in December 2023.

Building Type
House
Year Built
1960
Floor Size
294m2
Land Size
1887m2
Local Government
Mount Gambier
Lot/Plan
A631/F194433

Last Listing description (December 2023)

EXPRESSIONS OF INTEREST CLOSING FRIDAY 24TH NOVEMBER 2023 AT 12 NOON (if not sold prior)

A prime investment opportunity is waiting to be discovered by a savvy investor. Diversify the income with mixed tenant options. Nestled in a no through traffic location that's ideally accessible by heavy vehicles, this property offers not just one, but five exceptional avenues of income over three land titles. Combination of residential and industrial utility, each contributing you on-going financial security.

The Residence, offers, four bedrooms, two living areas, two bathrooms, kitchen & dine, work from home spaces all presented to a modern standard. With a delightful private & secure rear garden with established trees and gardens with an undercover entertaining area and several shedding and carport options. The home has gas appliances (hot water and cook top) with town gas supplied to the property, slow combustion wood heating, reverse cycle split system air conditioning plus timber and carpet flooring.

Currently leased at $450pw.

Not just one, but five individually leased sheds, mixture of storage and business operations.

Shed 1, leased for $1310.00pcm incl. gst - this main shed contains air-conditioned office facilities and a toilet.

Shed 2, leased for $953.33 pcm incl. gst.

Shed 3, leased for $1072.50pcm incl. gst

Shed 4, leased for $541.66pcm incl. gst

Shed 5, leased for $476.66pcm incl. gst

Located at the end of a quiet cul-de-sac, within walking distance of a recreational reserve that includes a dog park, BMX pump track, and walking track passage through to the centre of town. There is a public high school just around the corner and a private catholic collage servicing early learning kindergarten to year 12 within a 5min walk.

Whether you're a seasoned investor looking to diversify your portfolio or a newcomer searching for a secure beginning, this unique investment opportunity with multi-income asset is your ticket to financial success.

INVESTMENT INFORMATION $75,649.80 p/a approx. 9.57% return

Extra Information:
Council Rates / $1,868.04 p/a
Emergency Services Levy / $452.6 p/a
Build Year / 1960
Land Size / Approx. 2800m2
Council / City of Mount Gambier
Zoning / Suburban Neighbourhood

Disclaimer:
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a propertys land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Please read the Consumer and Business Services Form R7 http://www.cbs.sa.gov.au/assets/files/form_r7_warning_notice.pdf in reference to any financial or investment advice contained within this communication. Liability limited by a scheme approved under Professional Standards Legislation.

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Property History for 15 Leumeah St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$700,000
08 Dec 2023
Listed for Rent
$5.20k/w
25 Oct 2023
  • 08 Dec 2023
    Sold for $700,000
  • 27 Oct 2023
    Listed for Sale E.O.I closing 24.11.23 at 12pm (if not sold prior)
  • 23 Dec 2021
    Sold for $479,000
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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 13,813 properties. Over the last 5 years, Houses in Mount Gambier have seen a 109.30% increase in median value, while Units have seen a 105.78% increase. As at 31 December 2025:

  • The median value for Houses in Mount Gambier is $544,108 while the median value for Units is $399,563.
  • Houses have a median rent of $453 while Units have a median rent of $340.
There are currently 59 properties listed for sale, and 55 properties listed for rent in Mount gambier on OnTheHouse. According to Cotality's data, 748 properties were sold in the past 12 months in Mount gambier.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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