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16 Lake Terrace West

Mount Gambier, SA 5290, Australia
$749,000
4 bed 1 bath 2 car1591m²

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Area Price Guide
$704,060$793,940

Indicative price guide range

🏘️
61
Comparable
📊
$529,000
Area median
⚖️
+42%
vs median
📐
$471
Per m²
📏
1591 m²
Land
🗓️
2 months ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Located on a generous 1,500sqm block, this substantial, craftsman-built four bedroom home offers a rare opportunity to secure a property in the tightly held Lake Terrace West area. Situated just minutes from the Valley Lakes and the Blue Lake precinct, the home is set well back from the road behind established greenery, providing a quiet and private lifestyle while remaining close to the heart of town. Featuring a classic Mount Gambier stone and brick façade, the residence is set over two spacious well-considered levels. Recent updates, including fresh paint and new flooring, have revitalised and modernised the interior while maintaining the home's original character. A formal front porch leads into a welcoming entry hall with beautiful travertine tiles, that immediately conveying a homely feel. The ground floor is designed for functional living and effortless flow. Off the entry sits an expansive formal lounge featuring reverse cycle air conditioning, timber ceiling, and a large bay window, a perfect spot for quiet contemplation of the front gardens. The heart of the home opens up to a timber kitchen and formal dining area, which transitions into a secondary living space defined by a cosy wood fireplace and high timber-lined ceilings. This level also includes a practical laundry room, a separate toilet, and a fourth bedroom with separate entry positioned near the rear deck that is well suited for use as a guest room or a secluded home office. Upstairs, the home offers three additional bedrooms all of generous proportions and equipped with built-in wardrobes. The master suite has dual aspect and direct access to a wide private balcony that overlooks the grounds with views to the town centre beyond. These rooms are serviced by a central bathroom featuring a double vanity, separate shower, and a bathtub. Large picture windows throughout both levels frame views of the gardens and ensure the home is bathed in natural light. The property is as practical as it is charming, featuring an oversized double garage with internal access and a comprehensive rainwater system with approximately 21,000L of storage plumbed to the house. The grounds are a standout feature of this exceptional property, consisting of a private front yard and an extensive backyard orchard. The garden is home to a wide variety of fruit trees, including citrus, stone fruits, avocados, and figs, offering a rewarding, self-sufficient lifestyle for the gardening enthusiast. Plus, a good size garden shed, perfect for preserving fruit from the orchard, completes the package. With its blend of space, privacy, and a premier location, 16 Lake Terrace West is an excellent option for those seeking a substantial family home with room to move, in a park-like setting of established grounds. Additional Property Information: Age/ Built: 1985 Land Size: 1591sqm Council Rates: Approx $539 per quarter Rental Appraisal: This property is currently tenanted at $520 per week until 10/04/2026. We have conducted an updated rental appraisal for $570 - $600 per week. RLA 291953

Property Features

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    Repayment calculator

    $3,631/month
    $1,816 /fortnight
    Loan $599,200 at 6.10% over 30 years

    Upfront costs

    Deposit$149,800
    Stamp duty$35,025
    Conveyancing (est.)$2,000
    Total upfront$186,825
    Verify with SA revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    4
    Bathrooms
    1
    Parking
    2
    Land Area
    1591m²
    Listed
    2 months ago

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