2/8 Lake Terrace W, Mount Gambier, SA 5290 | Property Value & History | OnTheHouse
OFF MARKET

2/8 Lake Terrace W
Mount Gambier SA 5290

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Property Details for 2/8 Lake Tce W, Mount Gambier

2/8 Lake Tce W, Mount Gambier is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces.

Building Type
Townhouse
Local Government
Grant

Last Listing description (May 2023)

Please enquire for a private inspection via video call or a hosted one to one viewing

This stunning three bedroom townhouse offers sophisticated city style living, positioned in sought after 'Lakes' area with views over Mount Gambier. Enjoy walking, running or cycling through spectacular scenery set among Mount Gambier's extinct volcanic crater lakes and short walk to cafes and new state-of-the-art Wulanda Recreation and Convention Centre with indoor/ outdoor pools, kids splash zone, gym, basketball courts and more.

Impressive views over Mount Gambier from roof-top deck

Open plan kitchen/ living/ dining with r/c heating/ cooling and gas ducted heating throughout home
Modern kitchen with large island bench, gas cooktop, electric oven and dishwasher
Master bedroom located on upper-level complete with built-in-robes and ensuite with walk-in shower, vanity and toilet
Lower level hosts two bedrooms, one complete with built-in-robes
Main bathroom has walk-in shower, bath and vanity. Separate toilet
Laundry with linen press, wash trough and external access
Additional storage positioned under staircase
Spacious automatic double-length car garage with storage
Low maintenance rear yard has decked undercover outdoor entertaining area
Appraised for lease at approx. $450 - $460 per/ week

Council Rates: approx. $1600 per annum
Emergency Services Levy: approx. $97.40 per annum

Property History for 2/8 Lake Tce W, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Listed for Rent
$320/w
27 Jul 2018
  • 27 Jul 2018
    Listed for Rent - Price not available
  • 20 Mar 2018
    Listed for Sale $359,000
  • 17 Oct 2017
    Listed for Rent - Price not available
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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 13,838 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 98 properties listed for sale, and 52 properties listed for rent in Mount gambier on OnTheHouse. According to Cotality's data, 706 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.