Home/Properties/Mount Gambier/2001/3 LAKE TERRACE WEST
2001/3 LAKE TERRACE WEST, Mount Gambier$519,500
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2001/3 LAKE TERRACE WEST

Mount Gambier, SA 5290, Australia
$499,000 – $540,000
2 bed 2 bath 1 car

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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

Repayment calculator

$2,519/month
$1,259 /fortnight
Loan $415,600 at 6.10% over 30 years

Upfront costs

Deposit$103,900
Stamp duty$22,403
Conveyancing (est.)$2,000
Total upfront$128,303
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.

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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 Locksmith1.2 km away
  • Unnamed150 m away
  • Unnamed510 m away
  • Unnamed664 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.

Due diligence

Property Report

Zoning & Regional Plan

Complete

GR

General Residential

Mount Gambier City Council Development Plan

Height Limit

9m or 2 storeys

Min Lot Size

450m²

Permitted uses · 6
Dwelling (single)Dwelling (multiple)Residential aged care facilityHome-based businessCommunity centreChildcare facility
Prohibited uses · 6
Service stationMotor vehicle repair workshopIndustrial facilityLandfillIntensive animal husbandryOutdoor sales yard
Source: StMate AI — SA planning scheme07/06/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Mount Gambier price trend

Median sold · Unit 2 bed

Compound growth +19.1% / yr over 4 yrs

$422kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Mount Gambier market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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Within 5km

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