2002/3 Lake Terrace WMount Gambier SA 5290
Property Details for 2002/3 Lake Tce W, Mount Gambier
2002/3 Lake Tce W, Mount Gambier is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 176m2 and floor size of 125m2.
Last Listing description (April 2026)
Secure easy-care living located on the 2nd floor laid over one level this apartment features an open plan concept living kept comfortable all year round by reverse cycle split system air-conditioning. Central to the living area is a well-appointed kitchen with a generous amount of cupboard space, stainless steel electric cooking facilities complete with dishwasher.
The great size master bedroom has large walk in closet and ensuite bathroom. Second and third bedrooms are both queen sized with floor to ceiling built in robes. There is a huge main bathroom with separate shower and bath, separate toilet and laundry rooms. Complete with a storage locker located in the basement of the building plus a lock up single car garage with auto roller door. With the magnificent Blue Lake and various walking trails as your backyard and no grounds or garden to maintain why not live the simple life, put your feet up and live in luxury. The building offers elevator access and is wheelchair accommodating + outdoor residents community garden and gazebo BBQ area for all residents to mingle and enjoy.
Pets:- Strata by-laws generally prohibit pets, however special permission can be sought by putting the request to the quorum at the Annual General Meeting if the majority of other unit owners don't see any problem with the pet request, then special permission can sometimes be granted.
INVESTERS INFORMATION
Apartment comes fully furnished previously lease to corporate tenant current market rent approx. $470 - $480per week 6% estimated return on investment. Water Usage is charged to the group and paid by strata (included in the body corporate fees).
Extra Information:
Council Rates / $1,569.30 p/a
SA Water Supply Charge / $82.30 p/qtr
SA Water Sewer Charge / $92.50 p/qtr approx.
Emergency Services Levy / $83.00 p/a approx.
Strata Fees / $1,207.00 p/qtr approx.
Council / City of Mount Gambier
Zoning / Community
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.
Property History for 2002/3 Lake Tce W, Mount Gambier, SA 5290
- 07 Aug 2025Listed for Sale $409,000 - $439,000
- 09 Feb 2022Listed for Sale $315,000 - $335,000
- 02 Dec 2015Listed for Sale Not Disclosed
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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 13,858 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.
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