12 Lake Terrace West
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About this property
Rich in history and beautifully reimagined for modern living, this circa 1890 residence offers a rare opportunity to secure a home of genuine character in a tightly held blue ribbon location. Set on a generous 805m² allotment, the home has been tastefully updated throughout, blending contemporary comfort with preserved heritage charm. From its striking façade to the warm, inviting interiors, every detail reflects a careful balance of old and new. Inside, the flexible floorplan reveals four bedrooms, including a master with ensuite, two bathrooms and multiple living zones thoughtfully designed across two distinct areas of the home. This unique layout is ideal for growing families, multi-generational living or shared accommodation, providing both connection and privacy when needed. Built-in robes, high ceilings with original plasterwork and timeless finishes further enhance the home's character. At the heart of the home, the updated kitchen offers functionality and style, complete with dishwasher and seamless connection to the meals and living areas. Comfort is assured year-round with split system air conditioning, while both a slow combustion heater and open fireplace add warmth and ambience. French doors with original leadlight features open onto an elevated deck, creating a natural indoor-outdoor flow ideal for entertaining or relaxing while taking in the surrounding outlook. Step outside to enjoy elevated views from multiple vantage points, including the expansive balcony and outdoor entertaining areas. The large, flat backyard is perfect for families, complemented by easy-care gardens and additional under-house cellar or storage space. Positioned for lifestyle convenience, the home is just a short two-minute walk to the local school and the iconic Valley Lake precinct, with its scenic walking trails and lookouts. Additional features include: Electric gated entry for privacy and security Single lock-up garage plus additional covered carport Additional off-street parking Powered shed with concrete flooring Internal laundry Generous yard space with established, easy-care gardens Built-in under house cellar or storage Split-level design enhancing separation and flexibility Positioned in a highly sought-after pocket with a strong track record of recent sales at or above the $1 million mark, this is an exceptional opportunity to secure a character home at an accessible price point. Offered at $689,000 - $719,000 this property represents outstanding value in a tightly held location. A home of this calibre, combining history, flexibility and lifestyle appeal, is rarely offered and will attract strong interest. Council City of Mount Gambier Land Size 805m² Year Built circa 1900 Council Rates $490 per quarter
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 2
- Parking
- 2
- Land Area
- 805 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Mount Gambier
This 4-bedroom house in Mount Gambier, SA 5290 sits within reach of public transport, local shops and nearby schools. It is listed 31% above the $539,000 median of 60 comparable houseswithin 5 km.
Schools near Mount Gambier
- Gordon Education Centrecombined · U · CoEd
- St Martins Lutheran Collegecombined · R-12 · CoEd
- Tenison Woods Collegecombined · R-12 · CoEd
- McDonald Park Schoolprimary · U, R-6 · CoEd
- Melaleuca Park Primary Schoolprimary · U, R-6 · CoEd
- Mount Gambier North Primary Schoolprimary · U, R-6 · CoEd
What's nearby
- Unnamed (bus) — 1.1 km away
- Bannister and Son Locksmith — 1.1 km away
- Unnamed — 352 m away
- Unnamed — 482 m away
- Unnamed — 513 m away
Mount Gambier at a glance
Full suburb profile- Population
- 25,591
- Median age
- 41
- Household income
- $1,197/wk
- Median rent
- $220/wk
- Median mortgage
- $1,083/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Mount Gambier price trend
Median sold · House 4 bed
Compound growth +12.0% / yr over 4 yrs
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1 price change recorded for this property
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