16 Lake Terrace W, Mount Gambier, SA 5290 sold on 17 June 2026 | OnTheHouse
SOLD
Sold on 17 Jun 2026 for $750,000

16 Lake Terrace W
Mount Gambier SA 5290

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 208m2
Land area: 1591m2
Sold By
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Elders Mt Gambier RLA 62833
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Property Details for 16 Lake Tce W, Mount Gambier

16 Lake Tce W, Mount Gambier is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1985. The property has a land size of 1591m2 and floor size of 208m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 4 bedroom House sold in Mount Gambier in the last 12 months.

Building Type
House
Year Built
1985
Floor Size
208m2
Land Size
1591m2
Local Government
Mount Gambier
Lot/Plan
A65/D195

Last Listing description (June 2026)

Located on a generous 1,500sqm block, this substantial, craftsman-built four bedroom home offers a rare opportunity to secure a property in the tightly held Lake Terrace West area.

Situated just minutes from the Valley Lakes and the Blue Lake precinct, the home is set well back from the road behind established greenery, providing a quiet and private lifestyle while remaining close to the heart of town.


Featuring a classic Mount Gambier stone and brick façade, the residence is set over two spacious well-considered levels. Recent updates, including fresh paint and new flooring, have revitalised and modernised the interior while maintaining the home's original character.

A formal front porch leads into a welcoming entry hall with beautiful travertine tiles, that immediately conveying a homely feel.

The ground floor is designed for functional living and effortless flow. Off the entry sits an expansive formal lounge featuring reverse cycle air conditioning, timber ceiling, and a large bay window, a perfect spot for quiet contemplation of the front gardens.

The heart of the home opens up to a timber kitchen and formal dining area, which transitions into a secondary living space defined by a cosy wood fireplace and high timber-lined ceilings.

This level also includes a practical laundry room, a separate toilet, and a fourth bedroom with separate entry positioned near the rear deck that is well suited for use as a guest room or a secluded home office.

Upstairs, the home offers three additional bedrooms all of generous proportions and equipped with built-in wardrobes. The master suite has dual aspect and direct access to a wide private balcony that overlooks the grounds with views to the town centre beyond.

These rooms are serviced by a central bathroom featuring a double vanity, separate shower, and a bathtub. Large picture windows throughout both levels frame views of the gardens and ensure the home is bathed in natural light.

The property is as practical as it is charming, featuring an oversized double garage with internal access and a comprehensive rainwater system with approximately 21,000L of storage plumbed to the house.

The grounds are a standout feature of this exceptional property, consisting of a private front yard and an extensive backyard orchard. The garden is home to a wide variety of fruit trees, including citrus, stone fruits, avocados, and figs, offering a rewarding, self-sufficient lifestyle for the gardening enthusiast. Plus, a good size garden shed, perfect for preserving fruit from the orchard, completes the package.

With its blend of space, privacy, and a premier location, 16 Lake Terrace West is an excellent option for those seeking a substantial family home with room to move, in a park-like setting of established grounds.

Additional Property Information:

Age/ Built: 1985
Land Size: 1591sqm
Council Rates: Approx $539 per quarter
Rental Appraisal: This property is currently tenanted at $520 per week until 10/04/2026. We have conducted an updated rental appraisal for $570 - $600 per week.
RLA 291953

Property History for 16 Lake Tce W, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$750,000
17 Jun 2026
  • 17 Jun 2026
    Sold for $750,000
  • 13 Feb 2026
    Listed for Sale $749,000 - $789,000
  • 22 May 2023
    Listed for Rent $550 / week
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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 13,843 properties. Over the last 5 years, Houses in Mount Gambier have seen a 111.31% increase in median value, while Units have seen a 111.85% increase. As at 31 May 2026:

  • The median value for Houses in Mount Gambier is $579,262 while the median value for Units is $420,116.
  • Houses have a median rent of $470 while Units have a median rent of $360.
There are currently 97 properties listed for sale, and 45 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.