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 Tce
3
Bedrooms
1
Bathrooms
2
Car spaces
752 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
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 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.
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.
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 Malseed Real EstateJason Malseed from Malseeds Real Estate is pleased to present 6 Lake Terrace East, an exquisite c.1900 residence that captures the very best of timeless character and contemporary refinement. Positioned within Mount Gambier's prestigious dress circle, this beautifully renovated three-bedroom home offers an exceptional lifestyle with nothing left to do but move in and enjoy.
From the moment you enter, the home impresses with its soaring ceilings, polished timber floorboards and carefully preserved heritage details. A graceful balance of old and new is achieved through thoughtful renovations, creating interiors that are both inviting and sophisticated. At the heart of the home, generous living spaces flow seamlessly to the outdoors, where 4-panel doors open onto a substantial undercover entertaining area framed by established gardens, providing the ideal setting for both quiet relaxation and grand gatherings. A heated and illuminated 4-pump swim spa, complemented by a gazebo and landscaped surrounds, elevates the outdoor experience year-round.
The residence continues to delight with elegant period features including three open fireplaces, a traditional dining hatch to the formal lounge, a brass door knocker and an elevated front balcony that embraces the home's heritage charm. Modern comforts have been meticulously integrated, with gas ducted heating, split system reverse-cycle air conditioning and combustion heating in the family living zone, ensuring comfort in every season.
Recent upgrades showcase the home's commitment to luxury and practicality. The bathroom, renovated in 2024, is a true retreat featuring underfloor heating, an open shower, freestanding bath and heated towel rails. In 2025, the laundry was reimagined with abundant storage, a sympathetic heritage aesthetic and the convenience of a second toilet. Beyond the main dwelling, a stone outhouse provides versatility as a home gym, creative studio or office, complete with an adjoining wood storage, while a double-length carport with roller door offers secure off-street parking.
Rarely does a property of this calibre come to market. Offering a perfect marriage of heritage elegance and high-end modern living, 6 Lake Terrace East presents an unrivalled opportunity to secure a residence of true distinction in one of Mount Gambier's most coveted locations.
This property will be going to auction on Friday the 7th day of November at 3pm on site (unless sold prior). To arrange an inspection and to register your interest for the auction, contact Jason Malseed 0419 032 795 or sales@malseeds.com.au.
Particulars:
Year Built: 1900
CT: Volume 5412 Folio 425
Land Size: Approximately 752m²
Council: City of Mount Gambier
Zoning: Established Neighbourhood - EN
Council Rates: Approximately $613 p/q
Disclaimer - The information contained here is gathered from a source that we believe to be reliable. However, we cannot guarantee its accuracy and do not accept any responsibility for its accuracy. All interested parties should rely on their own independent searches and Legal advice.
RLA 115603
Listing description written by Jason Malseed, Malseed Real Estate — reproduced as published, not verified by Districts.