110 Wehl Street South, Mount Gambier SA 5290
110 Wehl Street South, Mount Gambier SA 5290
3 bed 1 bath character home on 1463sqm hilltop lot near CBD|Flexible spaces with updated kitchen/bath|Young families suit best|Steady rental demand|
Elevated position offers views and expansion scope on large allotment, blending heritage charm with modern comforts like ducted systems. Suits growing families or renovators seeking space in central yet quiet spot, 0.2km to schools including Reidy Park Primary. Demographics skew young (52% under 40), driving demand for versatile family configs amid stable tenant tenure (35% owners 10+ years). Near CBD advantages include walkable amenities, reliable NBN/5G, but hilltop means steeper access. Growth tied to regional projects; rental yields solid at ~5% locally. Risks: heritage constraints limit changes, bushfire prone area nearby. Opportunities in subdividing or adding dwellings given lot size. Street sees consistent interest in larger blocks.
Detailed Independent Property Report prepared by PropCred Analyst team for 110 Wehl Street South, Mount Gambier SA 5290
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Market Insight:
Mount Gambier demand is driven by relative affordability to Adelaide, steady rental yields around 4.5% and buyers targeting low-maintenance units that suit budget-conscious, travel-oriented lifestyles. Growth is underpinned by the forestry, agriculture and logistics base, but constrained supply has lifted rents and even sparked concern about housing stress, so new approvals offer investors a chance to meet that gap. Over the past six months house values have risen by roughly 1014% while units have jumped over 20%, so prices continue to trend higher even as buyers now pause a little longer before committing.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
1,440m²
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