Back 3 Lake Terrace E
Off Market

3 Lake Terrace E

Mount Gambier SA 5290

2
1
2
0 m²
1227 m²
House
Last sold for $355,000
Peter DempseyPeter Dempsey, last sold this property on 24 June 2022 after 142 days on market.

Overview

Huge Allotment, Great Location

EOI by 22nd Feb 2022 unless sold prior What a great opportunity to buy a piece of land in one of Mount Gambier’s Most sought after Areas. Choices of renovating this Character cottage, Develop the land (SCA) or maybe start from scratch and build your Dream Home. Located on the side of Mount Gambier’s lakes area the land measures approximately 1,227 Sq/m. this Character home consists of 2 Bedrooms, front lounge with Gas heating, Upgraded Kitchen with Gas appliances and an Open family meals area which runs across the back of the house with large windows capturing the North Winter Sun. Slow Combustion Heating Ceiling fans and Split System Air-conditioning keeps the home the right Temperature all year round. Separate Shower and toilet, Covered patio area plus Double Stone Garage. Upgraded over the years with Colourbond Roof and Aluminium windows. This huge allotment is complemented by Fruit Trees, Garden Shed, Rainwater, Access to the Rear yard. This property has so many opportunities. RLA 269823

Features

2 bedrooms
1 bathroom
2 carspaces
2 garage spaces
0 m² floor area
1227 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Mount Gambier over the last 12 months, the estimated median property value of 3 Lake Terrace E is $442.5k.

Median value
$442.5k
Estimated value range
$175k - $595k
Median days on market
46
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 3 Lake Terrace E

2023
Rented
Undisclosed
Leased on 24 Oct 2023 by Ray White Mount Gambier
2022
Sold
$355,000
Private Sale/Treaty on 24 Jun 2022 by Peter Dempsey, of @realty - SA

Happy sellers in Mount Gambier

93%
93% 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 16 reviews in Mount Gambier over the last 12 months.

Local market activity for 2 bedroom houses in Mount Gambier

In the last 12 months, 25 two-bedroom houses similar to 3 Lake Terrace E, have been sold.

This represents a 30% increase in two-bedroom houses sales when compared to the previous 12 months.

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