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Overview
Solid Investment on Corner Allotment
Situated on a generous corner allotment, this property enjoys a prime location close to key amenities including the Mount Gambier Hospital, UniSA and TAFE campuses, as well as nearby childcare and primary schools. Despite its proximity to these facilities, the home remains just a short distance from the central business district and the retail shopping precinct at the Marketplace, offering an excellent balance of convenience and community.
Constructed in the 1950s with durable stone, this residence is a favored choice for both investors and owner-occupiers. It features three well-proportioned bedrooms, each fitted with carpet over timber flooring, complemented by curtains and privacy blinds. The master bedroom is enhanced with a ceiling fan for added comfort.
The main living area boasts polished timber floors and is equipped with a slow combustion heater, reverse cycle air conditioning, and a ceiling fan, ensuring a comfortable environment throughout the year. Adjacent to this space is a galley-style kitchen, which includes a freestanding cooker with a gas cooktop, electric oven, and grill, providing a functional and practical cooking area.
The wet areas comprise a centrally located bathroom featuring a separate bathtub and a walk-in shower, alongside a conveniently positioned separate toilet. At the rear of the home, the laundry is well-appointed with built-in storage and adjoins a mudroom/storage area that provides access to the backyard.
Externally, the property offers a gated and enclosed yard, ideal for children to play safely or for securing pets. Parking is well catered for with a single car garage that includes power and concrete flooring, complemented by an adjoining carport for additional undercover parking.
Essential services connected to the property include town water, sewer, and gas supply, with the added benefit of a water softener installation. Currently tenanted at $410 per week, this property represents a solid investment opportunity with a tenant secured until November 2026.
Additional details include an approximate property age of 1952 and a land size of 850 square meters. Council rates are approximately $408 per quarter, with water rates around $176 per quarter. An updated rental appraisal suggests a potential rental income in the range of $420 to $440 per week.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Mount Gambier SA 5290
Market Insights for Mount Gambier SA 5290
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