7 Lake Terrace EMount Gambier SA 5290
Property Details for 7 Lake Tce E, Mount Gambier
7 Lake Tce E, Mount Gambier is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 1019m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in February 2016.
Last Listing description (July 2024)
Located on the ground floor you are still captivated by spectacular panoramic views overlooking the lake city. Laid over one level the apartment features an open concept kept comfortable all year round by reverse cycle split system air-conditioning. Central to the living area is a well-appointed kitchen boasting a generous amount of cupboard space, electric cooking facilities complete with dishwasher.
Enjoy the views outside on the balcony accessible by the glass double doors. This apartment has a well thought out compact yet convenient use of space. The main bedroom has large walk in closet and ensuite bathroom. Good sized guest bedroom with floor to ceiling built in robes. Both bedrooms overlooking the balcony and capture the stunning city views.
There is a combind main bathroom with separate shower and bath, toilet and laundry facilities. Complete with a storage room located in the basement of the building plus lock up garaging for 1 vehicles with auto roller doors located close to the building.
With the magnificent Blue Lake and various walking trails as your back yard and no grounds or garden to maintain why not live the simple life, put your feet up and live a relaxed lifestyle.
Apartment can be negotiated to come partly furnished and has a wonderful tenant already. The building offers elevator access and is wheelchair accommodating + outdoor residents community garden and gazebo BBQ area for all residents to mingle and enjoy.
Extra Information:
Council Rates / $1,274.49p/a
SA Water Supply Charge / $67.85 p/qtr
SA Water Sewer Supply Charge / $85.85 p/qtr
Emergency Services Levy / $87.60 p/a
Strata Fees / $1,080.00 p/qtr
Currently tenanted partly furnished at $330pw approx. 6.0% return on investment.
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 7 Lake Tce E, Mount Gambier, SA 5290
- 15 Jul 2024Listed for Sale $300,000-$320,000
- 27 Mar 2017Listed for Rent - Price not available
- 02 Dec 2016Listed for Sale $275,000
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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 13,828 properties. Over the last 5 years, Houses in Mount Gambier have seen a 107.64% increase in median value, while Units have seen a 117.24% increase. As at 31 March 2026:
- The median value for Houses in Mount Gambier is $572,041 while the median value for Units is $435,308.
- Houses have a median rent of $460 while Units have a median rent of $350.
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