161 Lake Terrace EMount Gambier SA 5290
Property Details for 161 Lake Tce E, Mount Gambier
Last Listing description (July 2021)
Nestled on the edge of town on an approx. 2,200m2 allotment, a rare opportunity to own your little piece of paradise awaits you. This property presents a multitude of uses from Residential Living, short-term accommodation letting through to Commercial Business.
Commercial Features:
- Large triple bay shed with electric roller door
- Additional single shed/workshop
- Combined shed size measuring approximately 6m x 15m
- Lean-to suitable for equipment storage
- Converted old Diary with power to Veggie Garden
- Perfect for a tradesman/mechanic looking for work/life balance
- Granny Flat presents opportunity for Airbnb letting
***Subject to Council Consent***
Residential Features:
- Gorgeous 1920 villa with rural outlook from the front verandah
- Stunning centerpiece hallway with timber floors
- Traditional lounge area with s/c wood fire and timber mantle
- Three bedrooms plus office (2 with built-in robes)
- Eat in kitchen with dishwasher and plenty of cupboard space
- Fully self contained granny flat/unit recently renovated with all the mod cons ideal for the growing family or additional income which includes: kitchenette, bedroom, r/c air conditioning and bathroom with shower, toilet any vanity
- Abundance of shedding including triple bay carport, single shed plus triple shed, utility/workshop space and leanto
- Garden enthusiasts paradise with established gardens, fruit tree, chook shed, dedicated veggie garden/shade house plus gorgeous fruit trees, roses and assortment of flowers
A home that is the complete package, you are guaranteed to fall in love with what this property has to offer.
Property History for 161 Lake Tce E, Mount Gambier, SA 5290
- 10 Jun 2021Sold for $400,000
- 27 May 2021Listed for Rent $400 / week
- 27 Feb 2019Listed for Sale $450,000
Recent sales nearby
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0About 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 13,835 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.
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