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3/172 Commercial Street East, Mount Gambier$290,000
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For Saleapartment

3/172 Commercial Street East

Mount Gambier, SA 5290, Australia
$290,000
2 bed 1 bath 1 car130 m²

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About this property

This solid two-bedroom brick unit offers exceptional opportunity for investors, downsizers, or first-home buyers seeking low-maintenance living in a highly convenient Mount Gambier location. Step inside to find two generously sized bedrooms, one fitted with a built-in robe to maximise storage and comfort. The open-plan kitchen and lounge create a welcoming central living space, featuring an electric cooktop and oven, ample cabinetry, and a practical layout ideal for everyday living. A well-appointed main bathroom includes a shower, toilet, and a functional design, ensuring ease of use and low upkeep. Direct external access leads to the single garage, complete with a roller door for secure parking and added peace of mind. Outdoors, the securely fenced rear yard provides privacy and versatility - perfect for an outdoor seating, or a touch of gardening. The tidy courtyard and low-maintenance gardens further enhance the appeal for those seeking effortless living. Positioned just moments from local shopping facilities and a short stroll to Mount Gambier's main street, cafes, and essential services, this property delivers both lifestyle and convenience. Currently tenanted at $540 per fortnight, this property is an ideal investment opportunity. Additional Information: Allotment size: Approx 130m2 Building Size: Approx 88m2 Council Rates: Approx $1,100 per annum Strata Corporation Rates: $320 per quarter SA Water Supply Charge: $82.30 per quarter SA Water Sewerage Charge: $94.00 per quarter Emergency Services Levy: $72.10 per annum Rental Appraisal: This property is currently tenanted at $540 per fortnight until 13/04/2027 Disclaimer: All information provided has been obtained from sources we believe to be accurate, and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice. Please read the Consumer and Business Services Form R7 http://www.cbs.sa.gov.au/assets/files/form_r7_warning_notice.pdf in reference to any financial or investment advice contained within this communication. Liability limited by a scheme approved under Professional Standards Legislation.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
130 m²
Listed
2 weeks ago

Repayment calculator

$1,406/month
$703 /fortnight
Loan $232,000 at 6.10% over 30 years

Upfront costs

Deposit$58,000
Stamp duty$10,855
Conveyancing (est.)$2,000
Total upfront$70,855
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 47% below the $549,000 median of 59 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

  • Bus Route Start/Stop (bus)1.0 km away
  • On the Run1.3 km away
  • Unnamed218 m away
  • McDonald Park298 m away
  • Unnamed570 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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Suburb market

Suburb price trend

Mount Gambier price trend

Median sold · Unit 2 bed

Compound growth +19.1% / yr over 4 yrs

$422kcurrent median

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Price history

Price history

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1 price change recorded for this property

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