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2001/3 LAKE TERRACE WEST

Mount Gambier, SA 5290, Australia
$499,000
2 bed 2 bath 1 car

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Area Price Guide
$469,060$528,940

Indicative price guide range

🏘️
59
Comparable
📊
$529,000
Area median
⚖️
-6%
vs median
🗓️
3 weeks ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Multi-dimensional analysis · last updated 06/05/2026

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Schools

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Zoning

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Public transport

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Traffic

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Flood risk

Low

Mount Gambier is located on elevated volcanic terrain with good drainage and no major river floodplains. Historical flood risk is low, though localised flooding can occur in depression areas near the volcanic lakes (Blue Lake, Valley Lake) during extreme rainfall. No formal state-based flood overlay typically applies to most residential areas in Mount Gambier.

Bushfire risk

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Crime profile

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Nearby development

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Heritage

Heritage listed

Mount Gambier's town centre contains significant heritage places including the iconic Cave Garden and historic civic buildings listed on the SA Heritage Places Register. The central business district and surrounding residential areas are subject to local heritage conservation overlays that protect the town's distinctive Victorian and early 20th-century character. Properties within or adjacent to these zones typically face development restrictions designed to preserve the area's historical and architectural significance.

Sources: Australian Gov open data + StMate AI
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Property Photos

About this property

Welcome to 2001/3 Lakes Terrace West, Mount Gambier, a stylish two-bedroom, two bathroom apartment offering exceptional comfort, security, and breathtaking views across the city. Step inside and be greeted by a spacious open-plan kitchen, dining, and living area, designed to maximise natural light and connect seamlessly to the wrap-around balcony the perfect spot to relax while taking in the sweeping vistas. The well-appointed kitchen features electric cooking, a dishwasher, and a walk-in pantry, catering to both everyday living and hosting with ease. Both bedrooms are generous in size, with the master including a private ensuite and walk in robe for added convenience. Bedroom 2 with built in robe. Additional features include: Single garage with roller door Secure basement storage space Prime location close to the city centre and local amenities Currently tenanted at $515 per week until August 2026 Private inspections by appointment only - please call to arrange Experience low-maintenance living at its finest in one of Mount Gambier's most desirable apartment complexes. Additional Property Information: Strata Administration Fund: approx. $1,535 per quarter Strata Sinking Fund: approx. $371 per quarter Rental Appraisal: approx. $TBC per week Council Rates: approx. $440.87 per quarter Speak with the Property Management team at Complete Real Estate about managing this property.

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $2,419/month
    $1,210 /fortnight
    Loan $399,200 at 6.10% over 30 years

    Upfront costs

    Deposit$99,800
    Stamp duty$21,280
    Conveyancing (est.)$2,000
    Total upfront$123,080
    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
    apartment
    Listing Type
    For Sale
    Bedrooms
    2
    Bathrooms
    2
    Parking
    1
    Listed
    3 weeks ago

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