Mt Gambier Rd, Casterton, VIC 3311 | Property Value & History | OnTheHouse
 
OFF MARKET

Mt Gambier Road
Casterton VIC 3311

Bedrooms: 10
Bathrooms: 7
Car spaces: -
Land area: 2185m2
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Last updated 11 May 2026
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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.

Building Type
Unit
Land Size
2185m2
Local Government
Glenelg
Lot/Plan
66/PP2364

Last Listing description (April 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 Torie Coomber or Sam Groves for more information or to arrange an inspection!

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Property History for Mt Gambier Rd, Casterton, VIC 3311

A timeline of how this property has performed in the market
Last Sold
$60,000
02 Mar 2020
  • 10 Feb 2026
    Listed for Sale $770,000
  • 02 Mar 2020
    Sold for $60,000
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About Casterton 3311

The size of Casterton is approximately 226.9 square kilometres. It has 9 parks covering nearly 2.6% of 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 1,252 properties. Over the last 5 years, Houses in Casterton have seen a 61.44% increase in median value, while Units have seen a -23.99% decrease. As at 30 April 2026:

  • The median value for Houses in Casterton is $319,809 while the median value for Units is $369,140.
There are currently 21 properties listed for sale, and no properties listed for rent in Casterton on OnTheHouse. According to Cotality's data, 67 properties were sold in the past 12 months in Casterton.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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