3/172 Commercial Street E, Mount Gambier SA 5290
3/172 Commercial Street E, Mount Gambier SA 5290
This is a 2-bedroom, 1-bathroom unit on a 130m² lot with one car space, built in 1977 and located on floor level 3 of a brick complex on Commercial Street East in Mount Gambier. It features an open kitchen and living area, electric cooking, built-in robes, a separate laundry, and a rear courtyard.
What is competitively strong about this property is its location within walking distance of Mount Gambier’s main street, cafes, and essential services, offering genuine convenience for a buyer seeking a low-maintenance lifestyle. The practical layout with an open kitchen and dining flow, combined with the private rear courtyard, provides functional living space that is rare in older unit blocks. This unit serves best as a solid entry point for first-home buyers or as a straightforward investment for those seeking steady rental demand in a regional centre. Its brick construction and low-maintenance finishes align well with the typical functional stock of Mount Gambier’s inner-city apartments, positioning it as a dependable rather than flashy option in the local market.
Factors that may materially affect the value of this property include its age and the absence of premium finishes, which might limit upside compared to newer developments. The unit’s position on floor level 3 and its frontage to Commercial Street East could introduce some noise, a consideration for owner-occupiers. The recent sale of a similar unit in the same building for $230,000 provides a tangible benchmark, though the estimated value of $290,000 suggests some market optimism. A buyer should weigh the property’s solid fundamentals against the potential for slower capital growth in an older building without modern upgrades.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/172 Commercial Street E, Mount Gambier SA 5290
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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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
130m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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