Back 110 Lake Terrace East
Off Market

110 Lake Terrace East

Mount Gambier SA 5290

3
1
1
735 m²
House
Last sold for $451,000
Gail RichardsGail Richards, last sold this property on 13 May 2025 after 41 days on market.

Overview

SOLID BRICK HOME WITH ENDLESS POTENTIAL

EXPRESSIONS OF INTEREST CLOSING MONDAY 28TH APRIL 2025 AT 12 NOON (if not sold prior) This solid brick and tile home presents an exceptional opportunity for first-time buyers or savvy investors looking to expand their portfolio. With three spacious, carpeted bedrooms, each featuring ceiling fans for added comfort, this home offers a peaceful retreat for family living. The generously sized lounge room is a true highlight, providing the perfect space to relax with a cozy gas heater and a split-system air conditioner, ensuring year-round comfort no matter the season. The home's layout flows seamlessly into the open-plan kitchen and dining area, designed with functionality in mind. The kitchen boasts a gas upright stove, an island bench for additional workspace, and ample cupboard, making meal preparation a breeze. The well-appointed central bathroom features a separate shower recess, a relaxing bath, a basin, and a toilet, offering both practicality and convenience. The property also includes a large, functional laundry area with a second separate toiletideal for busy households. A single iron garage with power, lights, and concrete flooring provides secure parking or additional storage space. For added convenience, a detached casual BBQ area awaits, perfect for those weekend gatherings with friends and family. Whether you're looking for a charming family home or a reliable investment opportunity in a growing area, this property ticks all the boxes. With its solid construction, practical features, and great location, it's sure to impress. Don't miss out on this fantastic opportunity to secure a well-rounded home on Lake Terrace East, Mount Gambier. Extra Information: Price Guide: $385,000-$423,000 Council Rates / $1,634.76 p/a SA Water Supply Charge / $78.60 p/qtr SA Water Sewer Supply Charge / $86.95 p/qtr Emergency Services Levy / $85.05 p/a Independent Rental Appraisal / $400-$420 p/w Build Year / 1974 Land Size / 735 m2 Council / City of Mount Gambier Zoning / Suburban Neighbourhood 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 property's 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.

Features

3 bedrooms
1 bathroom
1 carspace
735 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Mount Gambier over the last 12 months, the estimated median property value of 110 Lake Terrace East is $531.03k.

Median value
$531.03k
Estimated value range
$285k - $1m
Median days on market
33
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Mount Gambier. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 110 Lake Terrace East

2025
Sold
$451,000
Private Sale/Treaty on 13 May 2025 by Gail Richards, of Key 2 Sale

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 3 bedroom houses in Mount Gambier

In the last 12 months, 240 three-bedroom houses similar to 110 Lake Terrace East, have been sold.

This represents a 12% increase in three-bedroom houses sales when compared to the previous 12 months.

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