Back 16 Wallace Street
Off Market

16 Wallace Street

Mount Gambier SA 5290

4
2
2
0 m²
719 m²
House
Last sold for $580,000
Gail RichardsGail Richards, last sold this property on 25 May 2025 after 25 days on market.

Overview

LAKES LOCATION

Nestled in the sought-after Blue Lake precinct of Mount Gambier, this exceptional family residence sits proudly on a generous 720m² (approx.) corner allotment, offering not just a home—but a lifestyle. Positioned the corner of Wallace and Howland Streets, this solid construction brick and Colorbond home combines classic charm with everyday functionality. Boasting four bedrooms, the master suite is a private retreat, complete with an original ensuite and walk-in robe, while the remaining three bedrooms all feature built-in robes, making it perfect for the growing family. Designed with family living in mind, the property showcases two living areas. At its heart is the open-plan kitchen, dining, and lounge—a light-filled space with feature timber ceiling and reverse cycle air conditioning ensuring year-round comfort. The updated modern kitchen is well-equipped with dishwasher, pantry and ample cabinetry. For those cooler Mount Gambier nights, retreat to the separate family room, where a cosy wood fire and a built-in wood box create a warm and inviting atmosphere. The home also features an original bathroom with both shower and bath, along with a functional laundry—ready for your personal touch or renovation flair. Step outside and you'll find a charming grapevine-covered pergola, setting the stage for memorable outdoor gatherings, family BBQs, or simply enjoying a glass of wine in the fresh air. Practicality hasn't been forgotten. Side access with double gates from Howland Street is ideal for securely parking a caravan, trailer, or boat, and a garden shed takes care of all your outdoor storage needs. The double garage, under the main roof, offers internal access and remote-control roller door — adding to everyday convenience. In a location that's as iconic as it is desirable, just moments from the scenic Blue Lake and valley lakes walking trails, Wulanda Recreation Centre and the city centre, this property truly has it all. Whether you're upsizing, investing, or simply chasing a change of pace, this home won't stay on the market for long. Don't miss your opportunity to secure a slice of Mount Gambier is the most desirable location. Extra Information: Emergency Services Levy / $75.40 p/a SA Water Supply Charge / $78.60 p/qtr SA Water Sewerage Charge / $93.96 p/qtr Rental Appraisal / $500-$520 p/w Land Size / Approx. 720m2 Build Year / 1981 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

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
0 m² floor area
719 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Mount Gambier over the last 12 months, the estimated median property value of 16 Wallace Street is $660k.

Median value
$660k
Estimated value range
$440k - $1.46m
Median days on market
40
Estimated value trend
10%
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 16 Wallace Street

2025
Rented
Undisclosed
Leased on 02 Jul 2025 by Ray White Mount Gambier
2025
Sold
$580,000
Private Sale/Treaty on 25 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 4 bedroom houses in Mount Gambier

In the last 12 months, 114 four-bedroom houses similar to 16 Wallace Street, have been sold.

This represents a 24% increase in four-bedroom houses sales when compared to the previous 12 months.

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