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 › Ferrers St
$499,000–$529,000
For sale
Asking range
1
Bedrooms
1
Bathrooms
1
Car spaces
237 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
Asking
$499,000–$529,000
Asking range · $2,105/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.
Vs Mount Gambier
-14.8%
Median sale
Suburb $586,000
+0.65 pp
Gross yield
Suburb 3.73%
Suburb median $586,000 from 99 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$30,058 on top of the price (6.0% extra)
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.
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.
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.
Planning
Planning data is being calculated
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
SAPlanning 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.
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
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.
Gross yield if leased at the suburb aggregate is 4.4%. 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
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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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 GambierPositioned perfectly in the heart of the Mount Gambier CBD, 35A Ferrers Street represents the ultimate urban opportunity where lifestyle and location intersect.
The journey through this home begins at the formal entry, which opens directly into a remarkably spacious living room. Measuring a generous 4.2m x 4.4m, this area serves as the light-filled heart of the residence, offering enough scale for comfortable lounging and entertaining.
Adjacent to the living zone is a dedicated dining area, which maintains a seamless open-flow feel while clearly defining the transition between relaxation and meal times.
Beyond this, a secondary sitting room at the rear of the floor plan provides a quiet retreat for reading or working from home, and its unique positioning offers the potential to easily wall this section off to create a second bedroom.
The kitchen is a standout for its functionality and clever use of space, currently boasting a Jarrah-style finish that adds a touch of warmth to the interior. It comes fully equipped with quality appliances including a wall oven, a dedicated stovetop, and a dishwasher, all complemented by plenty of storage space.
The primary bedroom is spacious and features extensive built-in robes that span the length of the wall, providing excellent storage without encroaching on the floor space.
The central bathroom is equally well-proportioned, featuring a separate shower and a full-sized bathtub, which is a rare luxury for a property of this footprint. A separate toilet adds a layer of convenience for guests and busy mornings.
Service areas have been thoughtfully integrated, including a separate laundry with direct external access and a built-in linen cupboard for additional organisation.
Practicality extends to the secure internal access garage, which includes its own built-in cupboards, ensuring the car and surplus belongings are safely tucked away.
This homette is a masterclass in maximizing space in a premium CBD location and offers a rare walk-to-everything convenience that has made it a high-performing favorite for professionals on the AirBNB market.
Whether you are looking for a savvy addition to your investment portfolio or a city sanctuary to call your own, this property provides the space and versatility that is often missing in central living.
Additional Property Information:
Age/ Built: Approx 1997
Land Size: 237m²
Council Rates: Approx $490 per quarter
Rental Appraisal: We have conducted an updated rental appraisal for approximately $440 to $470 per week. The property is currently run as an AirBNB for minimum $250 per night + cleaning.
RLA 291953
Listing description written by Tahlia Gabrielli, Ray White Mt Gambier — reproduced as published, not verified by Districts.