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Back 1-4/3 Lacepede Street
Off Market

1-4/3 Lacepede Street

Mount Gambier SA 5290

9
4
868 m²
Block of units
Last sold for $899,000
Sarah BarneySarah Barney, last sold this property on 23 June 2025 after 222 days on market.

Overview

The best investment on Earth, is earth!

Elders Real Estate are pleased to offer a superb investment at 3 Lacepede Street, for sale. - All four properties are solid brick with a tiled roof and reside on one title. Situated in the perfect location, just a short walk to the town centre with all it has to offer, schooling, childcare and the Blue Lake precinct. - Each unit is surrounded by a low-maintenance communal front garden and shared rear courtyards with separate clotheslines. All units offer one car parking space. - The front unit is a spacious three-bedroom home with an open plan kitchen, dining and loungeroom, comforted with a reverse cycle air conditioner. The kitchen has a free-standing electric oven and cooktop, a single sink and ample bench and storage space. Both the separate bathroom and laundry sit on the southern side of the property, with the laundry offering access into the rear courtyard. The bathroom has a shower, toilet and vanity with storage. All three bedrooms are carpeted and offer built-in robes. - The three remining units all offer two bedrooms with built in robes, reverse cycle air conditioners and feature an open plan kitchen, dining and loungeroom. The wets areas are a duplicate design of unit one, with the laundry offering access into the rear courtyard, the bathrooms providing showers, toilets and vanity units with storage. Whether you're a first-time investor or looking to add to an existing portfolio - this is a unique chance to acquire four units with great earning potential to maximise return on investment. Contact Sarah Barney or Macey Humphries at Elders Real Estate to find out more and book an inspection. RLA62833 Additional property features: Land size: Approximately 868m2. Property Built: Approximately 1975. Council Rates: Approximately $5,454.14 per annum. Council Zoning: City of Mount Gambier. Current Rental Figures: Unit 1/3 Currently in a fixed term tenancy until 14/11/2025 at $295 per week. Unit 2/3 Currently in a fixed term tenancy until 23/05/2026 at $280 per week. Unit 3/3 Currently in a fixed term tenancy until 17/08/2025 at $260 per week. Unit 4/3 Currently in a fixed term tenancy until 07/11/2025 at $260 per week. All properties are currently leased at market value.

Features

9 bedrooms
4 bathrooms
868 m² lot size
Block of units

Estimated Value

We need at least 3 similar 9 bedroom block of units sold in Mount Gambier over the last 12 months.

Property history for 1-4/3 Lacepede Street

2025
Sold
$899,000
Private Sale/Treaty on 23 Jun 2025 by Sarah Barney, of Elders Mount Gambier

Happy sellers in Mount Gambier

84%
84% of sellers in Mount Gambier reported that their sale price either exceeded or met their price expectations.

Mount Gambier stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 30 reviews in Mount Gambier over the last 12 months.

Local market activity for 9 bedroom block of units in Mount Gambier

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Mount Gambier

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Tahlia Gabrielli

Tahlia Gabrielli is an award winning recommended agent for Mount Gambier.  They have 82 local sales and collected 15 local reviews across the last 12 months.

  •   5   (46 reviews)
  •  15 Reviews in Mount Gambier
  •  82 Sales in Mount Gambier
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Kim Cawthorne

Sellers who recommend Kim Cawthorne have praised them for being local expert, clear communication, supportive, responsive, friendly, stress-free process and dedicated

  •   4.9   (213 reviews)
  •  15 Reviews in Mount Gambier
  •  27 Sales in Mount Gambier
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Leearna Roberts

Leearna Roberts is a recommended agent for Mount Gambier.  They have 21 local sales and collected 4 local reviews across the last 12 months.

  •   4.8   (13 reviews)
  •  4 Reviews in Mount Gambier
  •  21 Sales in Mount Gambier
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Brenton Leggett

Brenton Leggett is a recommended agent for Mount Gambier.  They have 12 local sales and collected 3 local reviews across the last 12 months.

  •   5   (5 reviews)
  •  3 Reviews in Mount Gambier
  •  12 Sales in Mount Gambier
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