4/151 Commercial Street W, Mount Gambier SA 5290
4/151 Commercial Street W, Mount Gambier SA 5290
This is a two-bedroom, one-bathroom townhouse built in 1986 on a 552m² allotment, with two toilets, a single garage, and air-conditioning. The property is a two-storey configuration with a private balcony and courtyard garden.
What is competitively strong about this townhouse is its position on Commercial Street West, placing it within walking distance of Mount Gambier’s shops, cafes, and services. This is a rare configuration for the suburb, where most stock is standalone homes on larger blocks. The low-maintenance design and secure parking make it particularly suited to investors or downsizers who want convenience without the upkeep of a house. The rental demand here is steady, and the current lease at $360 per week suggests a reliable income stream, with market appraisal indicating potential for a yield increase to around $430 per week. The property sits in an urban, high-convenience corridor, which gives it a distinct advantage over more suburban offerings.
Several factors may affect the value or sale price of this property. The main street location, while convenient, could introduce noise that some buyers might weigh against the walkability. The small courtyard and 145m² footprint limit outdoor space, which may not appeal to families but is less of a concern for the target demographic. The building’s age from 1986 means finishes like carpeted bedrooms are original, and while the hot water system and water softener have been replaced, a buyer should consider the condition of other major systems. The annual community corporation contributions of around $800 are reasonable, but the absence of air-conditioning in the primary listing is a point to clarify, as it could influence comfort expectations and ongoing costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/151 Commercial Street W, Mount Gambier SA 5290
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Mount Gambier is a stable regional centre with a market driven by strong local demand from established families and service-sector workers. Recent price growth has been robust, supported by high sales volumes and exceptionally tight rental conditions with low vacancy. Future growth is anchored by its regional appeal and steady population, though affordability pressures and constrained housing supply present key constraints to watch.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
145m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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