3/48-52 Crouch Street N, Mount Gambier SA 5290

3/48-52 Crouch Street N, Mount Gambier SA 5290
Ground floor unit | Private courtyard | CBD within minutes | Strong rental demand | Shared parking The unit is positioned on the northern side of Crouch Street, with the central retail and civic precinct being within a short walk. A ground floor configuration is provided, and this is considered rare for the locality, as is the private courtyard that is accessed from the living room. Two bedrooms and a single bathroom are offered in a compact but functional layout. The property is well suited to first-home buyers and downsizers, with low-maintenance living being the primary draw. Strong rental demand is observed for this unit type, which reinforces its appeal to owner-occupiers and investors alike. The value of this unit may be influenced by the state of common areas, with deferred maintenance affecting perceived quality. The age of the kitchen and bathroom might be a factor, as these need refresh. North orientation is a positive, but shared parking could weigh on price for some buyers. Rental return is expected to be competitive, though this depends on fit-out. >> Comparable Sales: a two-bedroom unit on Crouch Street sold for $305,000, and a similar unit in a neighbouring block traded at $290,000 | Property Price Band: $300K-$400K | Value Drivers: north-facing living, compact footprint, walkability to CBD
Detailed Independent Property Report prepared  by PropCred Analyst team for 3/48-52 Crouch Street N, Mount Gambier SA 5290
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ✓
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Market Insight

Mount Gambier is a regional service centre in South Australia, connected by the Riddoch Highway and local airport with Adelaide flights. Demand is led by established older residents, young families, and a substantial rental workforce in community services and trades. House prices reached a median $547,555 after 13.6% annual growth, while units grew 35% to $420,000; houses spend only 31 days on market. Tight supply reinforces the market: stock is down 6.3% year-on-year and vacancy sits at 0.77%, supporting house yields around 4.4-4.6%. Future growth will rely on regional infrastructure and continued rental demand, but affordability is stretched against local earnings, leaving the market sensitive to rate changes. Limited public transport and average school catchments constrain broader buyer appeal.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

137m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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