7/48 Lake Terrace EMount Gambier SA 5290
Property Details for 7/48 Lake Tce E, Mount Gambier
7/48 Lake Tce E, Mount Gambier is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1973. The property has a land size of 112m2 and floor size of 3m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (November 2020)
Ray White Mt Gambier are pleased to present for sale 7/48 Lake Terrace East, Mt Gambier. This property presents a great opportunity to purchase a unit that is against the normal offering on the market.
This spacious unit is only half a kilometre to the Blue Lake and less than 2 kilometres to the main post office and central business district. It's situated in close proximity to Lennons Food Store, Newsagency and Butcher. This unit is perfect for those who want to live close to town, or have the ability to walk to the nearest shop with ease.
Entering the unit you are presented with timber-look flooring which flows through the kitchen and living area. The kitchen features an electric cooktop and oven, single bowl sink and an abundance of cupboard and bench space. The living/lounge area features gas heating for your convenience and allows for natural light to beam through.
The bathroom offers a bath, separate walk in shower and vanity, with a completely separate toilet for your privacy and convenience.
This property features a single car garage, which is located under the main roof with roller door.
The unit has been well maintained over the years and this property is currently leased and is achieving $210.00 per week, this is a great property to add to any investment portfolio.
RLA 291953
Additional Property Information:
Age/ Built: Approx. 1973
Land Size: Approx. 112m2
Council Rates: Approx. $263 Per Quarter
Strata Costs: Approx $215 Per Quarter
Lease Details: The property is currently leased until 13/2/2021 and is achieving $210 per week.
Property History for 7/48 Lake Tce E, Mount Gambier, SA 5290
- 02 Dec 2020Sold for $156,000
- 28 Jul 2020Listed for Sale $149,000-$159,000
- 04 Apr 2017Listed for Rent $210 / week
Recent sales nearby
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About 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 13,811 properties. Over the last 5 years, Houses in Mount Gambier have seen a 109.30% increase in median value, while Units have seen a 105.78% increase. As at 31 December 2025:
- The median value for Houses in Mount Gambier is $544,108 while the median value for Units is $399,563.
- Houses have a median rent of $453 while Units have a median rent of $340.
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