Mt Gambier RoadCasterton VIC 3311
Property Details for Mt Gambier Rd, Casterton
Mt Gambier Rd, Casterton is a 10 bedroom, 7 bathroom Unit. The property has a land size of 2185m2. While the property is not currently for sale or for rent, it was last sold in March 2020.
Last Listing description (June 2026)
An exceptional opportunity awaits investors with this solid block of seven units, all held on one title and currently tenanted, ensuring immediate income from day one. Situated on a generous 2,185m parcel of land, this property offers excellent potential for long-term capital growth and strong rental returns.
The complex comprises a mix of unit sizes to appeal to a broad tenant base. Unit 1 features three bedrooms and one bathroom; Unit 2 offers two bedrooms and one bathroom; and Units 3 to 7 each include one bedroom and one bathroom. This diversity enhances the property's rental appeal and minimises vacancy risk.
Tenants enjoy shared laundry facilities, ample parking areas, and a convenient location close to local amenities, making the complex an attractive option for ongoing tenancy.
Whether you're looking to expand your portfolio or secure a reliable, income-generating investment, this block of units represents a rare and rewarding opportunity.
Current rent return exceeds $1,500 per week across the 7 units
Contact Sam Groves for more information or to arrange an inspection!
Property History for Mt Gambier Rd, Casterton, VIC 3311
- 10 Feb 2026Listed for Sale $770,000
- 02 Mar 2020Sold for $60,000
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0About Casterton 3311
The size of Casterton is approximately 226.9 square kilometres. There are 9 parks, covering nearly 2.6% of the total area. The population of Casterton in 2016 was 1668 people. By 2021 the population was 1673 showing a population growth of 0.3% in the area during that time. The predominant age group in Casterton is 60-69 years. Households in Casterton are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Casterton work in a labourer occupation.In 2021, 78.80% of the homes in Casterton were owner-occupied compared with 77.00% in 2016.
Casterton has 1,251 properties. Over the last 5 years, Houses in Casterton have seen a 67.18% increase in median value, while Units have seen a -26.87% decrease. As at 31 May 2026:
- The median value for Houses in Casterton is $333,452 while the median value for Units is $381,488.
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