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.
SA › Mount Gambier › Lake Terrace West
4
Bedrooms
1
Bathrooms
2
Car spaces
1,591 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Mount Gambier (last 5 years) with land size have a median of $748/m² of land (n=72). Districts calculation from recorded sales — not a valuation.
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.
Planning
Planning scheme
Planning and Design Code
Zone
Established Neighbourhood
EN
Jurisdiction
Mount Gambier
Mount Gambier, SA
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
SAZoned Established Neighbourhood · EN (Planning and Design Code). Official parcel area about 1,605 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Street frontage and true lot geometry are not confirmed without open cadastre. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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.
3 of 10 questions answered so far
Development optionality of this lot
KnownlowZoned Established Neighbourhood · EN (Planning and Design Code). Official parcel area about 1,605 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 1,605 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
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.
Listing material
Listed by Ray White Mt GambierLocated on a generous 1,500sqm block, this substantial, craftsman-built four bedroom home offers a rare opportunity to secure a property in the tightly held Lake Terrace West area.
Situated just minutes from the Valley Lakes and the Blue Lake precinct, the home is set well back from the road behind established greenery, providing a quiet and private lifestyle while remaining close to the heart of town.
Featuring a classic Mount Gambier stone and brick façade, the residence is set over two spacious well-considered levels. Recent updates, including fresh paint and new flooring, have revitalised and modernised the interior while maintaining the home's original character.
A formal front porch leads into a welcoming entry hall with beautiful travertine tiles, that immediately conveying a homely feel.
The ground floor is designed for functional living and effortless flow. Off the entry sits an expansive formal lounge featuring reverse cycle air conditioning, timber ceiling, and a large bay window, a perfect spot for quiet contemplation of the front gardens.
The heart of the home opens up to a timber kitchen and formal dining area, which transitions into a secondary living space defined by a cosy wood fireplace and high timber-lined ceilings.
This level also includes a practical laundry room, a separate toilet, and a fourth bedroom with separate entry positioned near the rear deck that is well suited for use as a guest room or a secluded home office.
Upstairs, the home offers three additional bedrooms all of generous proportions and equipped with built-in wardrobes. The master suite has dual aspect and direct access to a wide private balcony that overlooks the grounds with views to the town centre beyond.
These rooms are serviced by a central bathroom featuring a double vanity, separate shower, and a bathtub. Large picture windows throughout both levels frame views of the gardens and ensure the home is bathed in natural light.
The property is as practical as it is charming, featuring an oversized double garage with internal access and a comprehensive rainwater system with approximately 21,000L of storage plumbed to the house.
The grounds are a standout feature of this exceptional property, consisting of a private front yard and an extensive backyard orchard. The garden is home to a wide variety of fruit trees, including citrus, stone fruits, avocados, and figs, offering a rewarding, self-sufficient lifestyle for the gardening enthusiast. Plus, a good size garden shed, perfect for preserving fruit from the orchard, completes the package.
With its blend of space, privacy, and a premier location, 16 Lake Terrace West is an excellent option for those seeking a substantial family home with room to move, in a park-like setting of established grounds.
Additional Property Information:
Age/ Built: 1985
Land Size: 1591sqm
Council Rates: Approx $539 per quarter
Rental Appraisal: This property is currently tenanted at $520 per week until 10/04/2026. We have conducted an updated rental appraisal for $570 - $600 per week.
RLA 291953
Listing description written by Tahlia Gabrielli, Ray White Mt Gambier — reproduced as published, not verified by Districts.
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