2001/3 LAKE TERRACE WEST
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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 Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 2
- Bathrooms
- 2
- Parking
- 1
- Listed
- 2 months ago
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Upfront costs
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Neighbourhood
Living in Mount Gambier
This 2-bedroom apartment in Mount Gambier, SA 5290 sits within reach of public transport, local shops and nearby schools. It is listed 5% below the $549,000 median of 60 comparable apartmentswithin 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) — 1.2 km away
- Bannister and Son Locksmith — 1.2 km away
- Unnamed — 150 m away
- Unnamed — 510 m away
- Unnamed — 664 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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Property Report
Flood Risk
None
Low
Medium
High
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.
Planning controls
- SA Flood Risk Assessment Guidelines apply to development in flood-prone areas
- Local council (District Council of Mount Gambier) may require flood risk assessment for developments near low-lying areas and limestone-spring discharge zones
- Consideration of karst geology and groundwater flooding from Mount Gambier's volcanic lakes and spring systems
Suburb market
Suburb price trend
Mount Gambier price trend
Median sold · Unit 2 bed
Compound growth +19.1% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Mount Gambier marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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