Back G002/3 Lake Terrace West
Off Market

G002/3 Lake Terrace West

Mount Gambier SA 5290

3
2
1
0 m²
Apartment
Last sold for $395,000
Gail RichardsGail Richards, last sold this property on 23 November 2025 after -23 days on market.

Overview

Lakeside Apartment Living

Positioned on the ground floor and practically designed for easy-care living, this well secured apartment combines generous proportions with everyday convenience, offering the perfect balance of comfort, privacy, and style. Stepping inside, you're greeted by open plan living and dining area that flows seamlessly into a well-appointed kitchen with electric cooking appliances, dishwasher, abundant of cupboard storage and large island bench the overlooks the dining space. The layout makes both entertaining and daily living a breeze, with reverse-cycle split system air-conditioning ensuring comfort year-round. The master suite serves as a private retreat, complete with a walk-in robe and ensuite. Two additional queen-sized bedrooms provide flexibility, one with built-in robes and the other if not used as a third bedroom can easily become an ideal home office or cosy sitting room. A spacious main bathroom includes a bath, large shower and toilet while the large laundry also large in size is positioned at the front of the apartment. Enhancing the sense of space is a light-filled sunroom from the living area that leads to a private courtyard becomes the perfect spot for morning coffee or relaxed outdoor entertaining. An additional large storage room provides exceptional practicality rarely found in apartment living. Further features include secure lock-up garage with automatic roller doors and a basement storage locker all designed for effortless living. Residents also enjoy access to a beautifully maintained community garden and gazebo BBQ area, creating an inviting setting for social gatherings or peaceful moments outdoors. With the iconic Blue Lake and scenic walking trails just a short stroll away, this address offers a lifestyle defined by relaxation, convenience, and natural beauty, without the burden of garden upkeep. While strata by-laws generally restrict pets, special permission may be considered by application at the Annual General Meeting. Blending modern comfort with low-maintenance appeal, this lakeside apartment is the ultimate opportunity to embrace secure, stylish, and stress-free living in one of the region's most sought-after settings. The apartment is currently leased at $470.00 per week fully furnished. Extra Information: Council Rates / $1,351.08 p/a Body Corporate Fee / $3,120 p/a Emergency Services Levy / $85.65 p/a SA Water Supply Charge / $78.60 p/qtr SA Water Sewerage Charge / $86.95 p/qtr Currently Leased / $470 p/w 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
1 garage space
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 G002/3 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 G002/3 Lake Terrace West

2025
Sold
$395,000
23 Nov 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 apartments in Mount Gambier

In the last 12 months, 10 three-bedroom apartments similar to G002/3 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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