Millicent at a glance
5,268
People
$449,500
Median sale
$315/wk
Median rent
3.64%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
SA › Millicent › Mount Gambier
$300,000
Last sold
10 Apr 2026
3
Bedrooms
1
Bathrooms
4
Car spaces
2,023 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
$300,000
10 Apr 2026 · derived via latest_sale
Local land rate: recorded House sales in Millicent (last 5 years) with land size have a median of $354/m² of land (n=73). Districts calculation from recorded sales — not a valuation.
Millicent at a glance
5,268
People
$449,500
Median sale
$315/wk
Median rent
3.64%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
Vs Millicent
-33.3%
Median sale
Suburb $449,500
+1.82 pp
Gross yield
Suburb 3.64%
Suburb median $449,500 from 38 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Planning and Design Code
Zone
Neighbourhood
N
Jurisdiction
Wattle Range
Wattle Range, SA
Not detected
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 Neighbourhood (Planning and Design Code). Official parcel area about 2,006 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 $315/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.
4 of 10 questions answered so far
Development optionality of this lot
KnownlowZoned Neighbourhood (Planning and Design Code). Official parcel area about 2,006 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.
Area
Millicent at a glance
5,268
People
$449,500
Median sale
$315/wk
Median rent
3.64%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by South East Property Sales and ManagementWelcome to 194 Mount Gambier Road, Millicent
Full of character and quiet charm, this quintessential three-bedroom limestone cottage is ready for its next chapter. Set on a generous 2,023m² allotment with peaceful rural views to the rear, this is a home where space, potential and warmth come together.
The current owner has already taken care of many of the big-ticket items, giving you a wonderful head start. The home has been fully rewired, treated with a damp course (Dryrod) to all external walls, fitted with two brand new 5,000L rainwater tanks, a near-new electric hot water service, and freshly painted externally — lots of the hard work has been done so you can focus on making it your own.
Inside, you’ll find three generous bedrooms, each with external roller shutters. The master bedroom features a cosy open fireplace, while beautiful Art Deco details throughout add to the home’s timeless appeal.
The dine-in kitchen is warm and functional, offering plenty of space for everyday living. The centrally located bathroom is a great size and provides the perfect opportunity to create something modern and inviting.
At the rear of the home, the lean-to includes a laundry with toilet, a sunroom, and an additional room with the potential to become a fourth bedroom, home office or creative space, and the front room could serve as a comfortable lounge — ideal for relaxing at the end of the day.
Outside, the expansive yard invites imagination. A charming stone garden shed sits close to the home, with two single stone garages positioned across the property, offering ample storage and parking.
With a little love and vision, this special home has the potential to become a truly beautiful forever home — a place to grow, gather, and enjoy the simple pleasures of country living.
Current rental appraisal - Note - The property is not in a rentable condition.
GENERAL PROPERTY INFO:
Property Type: Limestone and iron
Zoning: Residential
Council: Wattle Range Council
Land Size: 2023m2
Lot Frontage: 20.0m approx.
Lot Depth: 100.3m approx.
Aspect front exposure: Northeast
Water Supply: Rain, town and an unequipped bore
Certificate of Title Volume 5814 Folio 846
Disclaimer:
Every effort has been made to ensure the accuracy of the information provided in this listing. However, neither the agent nor the vendor accepts any responsibility for errors, omissions, or inaccuracies. Prospective purchasers are advised to carry out their own investigations and obtain independent advice. All areas, dimensions, and distances are approximate and subject to final survey. Any reference to potential development, subdivision, or use is subject to council approval (STCA).
Listing description written by Deon Howell, South East Property Sales and Management — reproduced as published, not verified by Districts.
Nearby development pipeline
Nearby 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 2,006 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
KnownmediumNo development applications were returned for this parcel. That is not a statement about nearby lots.
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.