2 Megan Place, Mount Gambier$564,000
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2 Megan Place

Mount Gambier, SA 5290, Australia
$539,000 – $589,000
3 bed 2 bath 1 car298 m²

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About this property

Make an offer on this property: https://portal.reaforms.com.au/purchaser/2-megan-place-mount-gambier-sa-5290-efvgw79uf6hvf2vh67226ftvi The snapshot: This superior, fully furnished three-bedroom modern townhouse in Mount Gambier offers unmatched convenience near the marketplace and hospital. Featuring a light-filled, open-plan living area, a gourmet kitchen, and a private sheltered patio, the smart layout isolates bedrooms for ultimate privacy. Complete with a master ensuite, spa bathroom, and garage, it's a lucrative, turnkey find. The location: Mount Gambier is a thriving regional city known for its stunning natural landmarks, vibrant community, and relaxed lifestyle. From the iconic Blue Lake to local schools, shops, and cafés, everything you need is close at hand. Whether you're exploring the crater lakes or enjoying the city's growing food scene, Mount Gambier offers the perfect blend of convenience and country charm. Mount Gambier CBD - 5 min (2.7km) Blue Lake - 9 min (4.7km) Mount Gambier Hospital - 4 min (1.6km) The home: Tucked away in a quiet, developing residential pocket just behind the main roads, this superior three bedroom modern townhouse offers the perfect mix of privacy, neighborhood warmth, and unmatched convenience. Superbly positioned within walking distance of the Mount Gambier Marketplace and the Hospital, it presents a stellar opportunity for first-home buyers, downsizers, or astute investors looking to secure a premium asset in a highly sought-after locale. From the street, the property immediately impresses with its crisp, modern white façade, clean architectural lines, and a neat, low-maintenance front yard. Its versatile track record as approved short stay accommodation means you can immediately tap into lucrative holiday rental streams, secure a long-term tenant, or pack your bags and move into a fully equipped home. Step through the modern front entry into a bright, welcoming living area where high-gloss tiled floors underfoot and cool white walls amplify the space. Downlights and expansive front windows draw in beautiful natural light, complemented by a large, newly fitted reverse-cycle air conditioner to keep the entire central hub comfortable all year round. Directly integrated into the living zone is the gourmet kitchen with its sleek, dark espresso cabinetry offset by clean white benchtops. It features a functional central island breakfast bar hosting a double sink and casual seating, along with premium stainless steel appliances including a gas cooktop, oven and rangehood. Immediately adjacent, the dining area transitions seamlessly through wide glass sliding doors out to the private rear patio. Fully paved and sheltered, this courtyard features a built-in timber retaining wall and offers a secure, completely enclosed sanctuary. The layout is exceptionally smart, isolating the bedrooms away from the central living area to guarantee quiet and privacy. The front facing master bedroom serves as a peaceful retreat, boasting generous built-in robes and a private ensuite beautifully finished in soft, neutral porcelain tones with a large glass shower, toilet, and modern vanity. On the opposite side of the floor plan, a second well sized double bedroom features built-in robes and sits right next to the family bathroom. Pristine and minimalist, the family bathroom is complete with a corner spa bath, a separate glass shower recess, a wide vanity, and an adjacent independent toilet for effortless household convenience. Positioned near the back of the home, the flexible third bedroom sits quietly behind the spacious internal laundry, which offers extensive linen storage and direct external access. Finally, a massive undercover garage with a secure roller door provides ample vehicle parking and additional workspace storage, rounded out by secure driveway access at the front of the house. With every detail carefully curated this property is an exceptional high-yield find. Age/ Built: 2009 Land Size: 298sqm Council Rates: Approx $535 per quarter Strata Information: Approx $845 per annum Rental Appraisal: This property is currently tenanted for $470 per week until 11/01/2027. We have conducted an updated rental appraisal for approximately $500 to $520 per week. An AirBNB appraisal has been completed for minimum $250 per night plus cleaning. RLA 291953

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
2
Parking
1
Land Area
298 m²
Listed
6 days ago

Repayment calculator

$2,734/month
$1,367 /fortnight
Loan $451,200 at 6.10% over 30 years

Upfront costs

Deposit$112,800
Stamp duty$24,850
Conveyancing (est.)$2,000
Total upfront$139,650
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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 3-bedroom house in Mount Gambier, SA 5290 sits within reach of public transport, local shops and nearby schools. It is listed 10% below the $624,000 median of 56 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)2.4 km away
  • OG Roberts Used Cars1.9 km away
  • Unnamed270 m away
  • Unnamed1.0 km away
  • Unnamed1.0 km 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 3 bed

Compound growth +15.5% / yr over 4 yrs

$534kcurrent median

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Price history

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