Back 4002/3 Lake Terrace West
Off Market

4002/3 Lake Terrace West

Mount Gambier SA 5290

3
2
2
0 m²
Apartment
Sara McManusSara McManus, last sold this property on 15 September 2025 after 20 days on market.

Overview

A LIFESTYLE OF COMFORT, SECURITY & CONVENIENCE

Set on the top floor and thoughtfully designed across one easy-care level, this impressive apartment offers the perfect blend of space, convenience, and low-maintenance living. Step inside to discover a light-filled open plan layout, where the living and dining zone flows seamlessly into a well-appointed kitchen boasting stainless steel appliances, electric cooking, dishwasher, and abundant storage – ideal for both everyday living and entertaining. Comfort is assured year-round with reverse cycle split system air-conditioning. The generous master suite is a true retreat, complete with a walk-in robe and private ensuite, while there are two additional queen-sized bedrooms, one features full-height built-in robes, whilst the other could alternatively be utilised as a cosy sitting room. A spacious main bathroom offers both shower and bath, complemented by a separate toilet and a large laundry for added practicality. Additional features include 2 secure lock-up garages with auto roller doors, a basement storage locker, and elevator access within the building – designed to ensure ease of living for all, including wheelchair accommodation. Beyond the apartment itself, residents are treated to a beautiful community garden and gazebo BBQ area, perfect for social gatherings or quiet moments outdoors. With the iconic Blue Lake and scenic walking trails just moments from your door, this location offers a lifestyle of relaxation and natural beauty, all without the hassle of garden upkeep. For those with furry companions, while strata by-laws generally prohibit pets, special permission may be granted by application at the Annual General Meeting. This is your opportunity to embrace a simpler, more luxurious way of life – secure, stylish, and stress-free. Extra Information: Council / City of Mount Gambier Rental Appraisal / $400-$420 p/w 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
2 carspaces
2 garage spaces
0 m² floor area
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 4002/3 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 4002/3 Lake Terrace West

2025
Sold
Undisclosed
15 Sep 2025 by Sara McManus, of Key 2 Sale
2015
Rented
Undisclosed
Leased on 12 Feb 2015 by Malseeds Real Estate

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 4002/3 Lake Terrace West, have been sold.

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

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