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12 Lake Terrace West, Mount Gambier$704,000
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12 Lake Terrace West

Mount Gambier, SA 5290, Australia
$689,000 – $719,000
4 bed 2 bath 2 car805 m²

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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

Repayment calculator

$3,413/month
$1,706 /fortnight
Loan $563,200 at 6.10% over 30 years

Upfront costs

Deposit$140,800
Stamp duty$32,550
Conveyancing (est.)$2,000
Total upfront$175,350
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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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 Locksmith1.1 km away
  • Unnamed352 m away
  • Unnamed482 m away
  • Unnamed513 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

$670kcurrent median

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Price history

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