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Back 2002/3 Lake Terrace West
Off Market

2002/3 Lake Terrace West

Mount Gambier SA 5290

3
2
1
Apartment
Last sold for $419,000
Ben RansomBen Ransom, last sold this property on 10 October 2025 after 64 days on market.

Overview

FULLY FURNISHED APARTMENT ON THE LAKES

Secure easy-care living located on the 2nd floor laid over one level this apartment features an open plan concept living kept comfortable all year round by reverse cycle split system air-conditioning. Central to the living area is a well-appointed kitchen with a generous amount of cupboard space, stainless steel electric cooking facilities complete with dishwasher. The great size master bedroom has large walk in closet and ensuite bathroom. Second and third bedrooms are both queen sized with floor to ceiling built in robes. There is a huge main bathroom with separate shower and bath, separate toilet and laundry rooms. Complete with a storage locker located in the basement of the building plus a lock up single car garage with auto roller door. With the magnificent Blue Lake and various walking trails as your backyard and no grounds or garden to maintain why not live the simple life, put your feet up and live in luxury. The building offers elevator access and is wheelchair accommodating + outdoor residents community garden and gazebo BBQ area for all residents to mingle and enjoy. Pets:- Strata by-laws generally prohibit pets, however special permission can be sought by putting the request to the quorum at the Annual General Meeting if the majority of other unit owners don't see any problem with the pet request, then special permission can sometimes be granted. INVESTERS INFORMATION Apartment comes fully furnished previously lease to corporate tenant current market rent approx. $470 - $480per week 6% estimated return on investment. Water Usage is charged to the group and paid by strata (included in the body corporate fees). Extra Information: Council Rates / $1,569.30 p/a SA Water Supply Charge / $82.30 p/qtr SA Water Sewer Charge / $92.50 p/qtr approx. Emergency Services Levy / $83.00 p/a approx. Strata Fees / $1,207.00 p/qtr approx. Council / City of Mount Gambier Zoning / Community 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
2 bathrooms
1 carspace
Apartment

Estimated Value

Based on this property and similar 3 bedroom apartments sold in Mount Gambier over the last 12 months, the estimated median property value of 2002/3 Lake Terrace West is $419.5k.

Median value
$419.5k
Estimated value range
$335k - $574k
Median days on market
29
Estimated value trend
-17%
decrease 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 2002/3 Lake Terrace West

2025
Sold
$419,000
Private Sale/Treaty on 10 Oct 2025 by Ben Ransom, of Key 2 Sale
2022
Sold
$320,000
Private Sale/Treaty on 11 May 2022 by Ben Ransom, 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 apartments in Mount Gambier

In the last 12 months, 10 three-bedroom apartments similar to 2002/3 Lake Terrace West, have been sold.

This represents a 150% decrease in three-bedroom apartments sales when compared to the previous 12 months.

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)
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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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