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SA › Mount Gambier › Cockburn St

13 Cockburn St, Mount Gambier SA 5290

For saleHouse for Sale

$409,000–$449,000

For sale

Asking range

3

Bedrooms

1

Bathrooms

2

Car spaces

746 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $409,000–$449,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $409,000–$449,000(Listing record · 24 June 2026)
  • CalculationLand 746 m² against a 178 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 30% below the Mount Gambier median recorded sale ($586,000, n=99, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mount Gambier's advertised median rent ($420/wk), implied gross yield would be 5.34% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$409,000–$449,000

Asking range · $548/m² of land

No recorded sale for this property.

Mount Gambier at a glance

26,671

People

$586,000

Median sale

$420/wk

Median rent

3.73%

Suburb gross yield

Median sale from 99 recorded sales (last 12 months) — a Districts calculation.

See the full Mount Gambier report →

Vs Mount Gambier

-30.2%

Median sale

Suburb $586,000

+1.61 pp

Gross yield

Suburb 3.73%

Suburb median $586,000 from 99 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$409,000
Stamp Duty (South Australia)
$16,780
Transfer/Registration Fee
$4,133
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$433,613

$24,613 on top of the price (6.0% extra)

  • Stamp Duty (South Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Mount Gambier's advertised median rent — not a rent for this listing.

Net yield
3.84%
Annual cashflow (pre-tax)
$-5,563
Interest cover (DSCR)
0.74
Annual rent
$21,840
Operating expenses
$6,135
Loan amount
$327,200
Annual interest
$21,268
Gross yield
5.34%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$409,000–$449,000available24 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $420/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 5.3%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Mount Gambier in one glance

Mount Gambier at a glance

26,671

People

$586,000

Median sale

$420/wk

Median rent

3.73%

Suburb gross yield

Median sale from 99 recorded sales (last 12 months) — a Districts calculation.

See the full Mount Gambier report →

Keep researching

  • Why Mount Gambier? Read the area thesis →
  • What else is on the market in Mount Gambier →
  • Other records on Cockburn St →

Listing material

Listed by Ray White Mt Gambier

Practicality, Convenience, and Space in Mount Gambier

Make an offer on this property: https://portal.reaforms.com.au/purchaser/13-cockburn-street-mount-gambier-sa-5290-3w05vs1s9nr0c4yxv9xhanu3g

The snapshot:

This property boasts three bedrooms, an updated bathroom, and a kitchen with gas cooking and a walk-in pantry. Enjoy two distinct living areas, including a rear rumpus, plus dual driveways leading to two separate garages.

Read the full description

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 - 4 min (1.9km)

Blue Lake - 5 min (2.6km)

Mount Gambier Hospital - 9 min (5.7km)

The home:

Welcome to 13 Cockburn Street, Mount Gambier, a fantastic property brimming with potential, practicality, and exceptional value.

This charming home immediately stands out with its incredible vehicle accommodation and accessibility, boasting dual driveways with convenient access to a single garage on each side of the property.

The generous block offers separate pathways for multiple vehicles, leading to distinct storage or workshop options that are perfect for car enthusiasts, tradies, or those with a boat or caravan.

Inside, the home delivers an exceptional amount of space and a highly functional layout that caters perfectly to growing families or savvy investors looking for a solid asset in a great location.

Step through the front entry to discover a residence designed for comfortable, everyday living. The home accommodates three well-proportioned bedrooms, providing comfortable spaces for every member of the family.

Central to the home is the family kitchen, which features gas cooking and a convenient walk-in pantry to satisfy all your culinary storage needs.

Serving the household is an updated bathroom, neatly finished with a practical design that maximises space and modern convenience.

The true highlight of this property lies in its layout featuring two separate living areas, offering fantastic versatility.

In addition to the main front living and dining zones, a spacious rumpus room serves as a second living area at the rear of the property. This rear living space features a cozy wood fireplace, making it the perfect sanctuary.

This room opens out seamlessly toward the expansive backyard, which boasts a lush green lawn, an established garden area, and additional outdoor undercover carport structures.

With plenty of internal space, a functional layout, and dual-garage vehicle storage, 13 Cockburn Street is ready for you to move in and make it your own.

Age/ Built: 1950

Land Size: 746sqm

Council Rates: Approx $410 per quarter

Rental Appraisal: We have conducted an updated rental appraisal for approximately $370 to $390 per week.

RLA 291953

Listing description written by Georgia Bryden, Ray White Mt Gambier — reproduced as published, not verified by Districts.

Property features

  • Fully Fenced
  • Rumpus Room
  • Shed
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.