2001/3 Lake Terrace W, Mount Gambier, SA 5290 sold on 23 January 2026 | OnTheHouse
SOLD
RECENT ADVICE
Sold on 23 Jan 2026 for $490,000

2001/3 Lake Terrace W
Mount Gambier SA 5290

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 138m2
Land area: 182m2
Save

Property Details for 2001/3 Lake Tce W, Mount Gambier

2001/3 Lake Tce W, Mount Gambier is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 182m2 and floor size of 138m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 2 bedroom Unit sold in Mount Gambier in the last 12 months.

Building Type
Unit
Year Built
1960
Floor Size
138m2
Land Size
182m2
Local Government
Grant

Last Listing description (July 2026)

Welcome to 2001/3 Lakes Terrace West, Mount Gambier, a stylish two-bedroom, two bathroom apartment offering exceptional comfort, security, and breathtaking views across the city.

Step inside and be greeted by a spacious open-plan kitchen, dining, and living area, designed to maximise natural light and connect seamlessly to the wrap-around balcony the perfect spot to relax while taking in the sweeping vistas.

The well-appointed kitchen features electric cooking, a dishwasher, and a walk-in pantry, catering to both everyday living and hosting with ease.

Both bedrooms are generous in size, with the master including a private ensuite and walk in robe for added convenience. Bedroom 2 with built in robe.

Additional features include:
Single garage with roller door
Secure basement storage space
Prime location close to the city centre and local amenities
Currently tenanted at $515 per week until August 2026

Private inspections by appointment only - please call to arrange

Experience low-maintenance living at its finest in one of Mount Gambiers most desirable apartment complexes.

Additional Property Information:
Strata Administration Fund: approx. $1,535 per quarter
Strata Sinking Fund: approx. $371 per quarter
Rental Appraisal: approx. $TBC per week
Council Rates: approx. $440.87 per quarter

Speak with the Property Management team at Complete Real Estate about managing this property.

Property History for 2001/3 Lake Tce W, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$490,000
23 Jan 2026
Listed for Rent
$515/w
18 Feb 2026
  • 04 May 2026
    Listed for Sale $499,000 - $540,000
  • 06 Feb 2026
    Listed for Rent $515 / week
  • 23 Jan 2026
    Sold for $490,000
Sign in to see more transactions
Commute Calculator

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 13,858 properties. Over the last 5 years, Houses in Mount Gambier have seen a 111.00% increase in median value, while Units have seen a 108.24% increase. As at 30 June 2026:

  • The median value for Houses in Mount Gambier is $577,050 while the median value for Units is $416,912.
  • Houses have a median rent of $470 while Units have a median rent of $360.
There are currently 97 properties listed for sale, and 55 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

Market Insights
Mount Gambier Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Mount Gambier Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agency
agent headshot
Show contact details
Complete Real Estate
Preferred contact:
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.