A Perfect Starter or Investment

Privately situated on a well established allotment, 59 Lake Terrace East in Mount Gambier offers a fantastic opportunity for anyone looking to enter the real estate market or expand upon their investment portfolio.

The solid stone exterior has been recently refurbished with a fresh and inviting appeal, where you'll be greeted upon entry into the home with updated flooring and light and bright living spaces heated by central gas heating or the slow combustion fireplace. The kitchen offers electric oven and large gas cook top, featuring striking timber splash backs that add an attractive contrast to the space.

All three bedrooms are well sized and carpeted with ceiling fans, with the master bedroom including reverse cycle air conditioning as well. Wet areas are neat and tidy with convenience of the separate toilet at rear.

Outside of the home you'll find securely fenced yards suitable for pets, with several fruit trees and established gardens. The large, concreted and powered workshop provides ample space for the hobby enthusiast or working from home, adjoined by a spacious and insulated studio that could make a perfect games room, music room or even a 4th guest room. There is also an additional woodshed for further storage.

Services to the property include town gas and water, with recently updated plumbing from mains providing instant gas hot water and a water softener.

Situated a short distance from the Blue Lake, main shopping precincts and nearby schools, this is a fantastic location that has seen growing interest in recent times and would make a great first home for the family looking to start their property journey as well as savvy investors seeking reward from our strong rental market, with a current rental appraisal at $310 - $330 per week.

To book a viewing of the property or enquire further, contact Alistair and the award-winning team of realtors at Ray White Mount Gambier today.

Additional property information:
Approx Property Age: 1949
Land Size: 691sqm
Council Rates: Approx. $325 per quarter

Explore the area

School catchments

Melaleuca Park Primary School Primary R-6 Government 0.79km
Grant High School Secondary 7-12 Government 1.2km
Reidy Park Primary School Primary R-6 Government 1.4km
McDonald Park School Primary R-6 Government 1.8km
Mount Gambier High School Secondary 7-12 Government 2.4km
St Martins Lutheran College Combined R-12 Independent 2.5km
Mount Gambier North Primary School Primary R-6 Government 2.8km
OneSchool Global SA - Mount Gambier Campus Combined Independent 2.9km
Tenison Woods College Combined R-12 Catholic 3.0km
Mulga Street Primary School Primary R-6 Government 4.0km
Moorak Primary School Primary R-6 Government 5.0km
Suttontown Primary School Primary R-6 Government 5.1km
Yahl Primary School Primary R-6 Government 5.9km
Compton Primary School Primary R-6 Government 6.7km
Glenburnie Primary School Primary R-6 Government 6.9km
Mil Lel Primary School Primary R-6 Government 7.5km
Allendale East Area School Combined R-12 Government 19.2km
Millicent High School Secondary 7-12 Government 46.7km
Penola High School Secondary 7-12 Government 52.2km
Casterton Secondary College Secondary 7-12 Government 59.9km
Kangaroo Inn Area School Combined R-12 Government 73.5km
Heywood District Secondary College Secondary 7-12 Government 79.9km
Bayview College Secondary 7-12 Independent 91.1km
Portland Secondary College Secondary 7-12 Government 91.3km
Portland Secondary College-Victoria Parade Campus Secondary Government 91.4km
Sunrise Christian School Naracoorte Combined R-9 Independent 97.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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