22/69 Bay Road, Mount Gambier SA 5290
22/69 Bay Road, Mount Gambier SA 5290
22/69 Bay Road, Mount Gambier is a three-bedroom, one-bathroom unit on approximately 197 square metres of land, built around 1975. It includes one undercover car space, a modern kitchen with timber-look flooring, and a well-maintained original bathroom. The property is positioned in a quiet community close to schools, shopping, parklands, and the CBD.
This unit is competitively strong because it offers three bedrooms in a compact, low-maintenance format that is rare in this part of Bay Road. Most units nearby are two-bedroom, so this extra bedroom broadens its appeal significantly. The property serves first home buyers, downsizers, and investors best, as it combines a sought-after location with easy-care living. The current tenancy at $300 per week, with a scheduled increase to $310, provides immediate income certainty while the market appraisal of $380 to $390 per week suggests room for rental growth. The lockable rear storage and undercover parking add practical value that many units lack.
The small land size of 197 square metres might limit future extension potential, which could affect long-term capital growth compared to larger neighbouring lots. The original bathroom, though beautifully maintained, may not meet the expectations of buyers seeking a fully modernised interior. The fixed tenancy until August 2027 provides income stability but also means an owner-occupier cannot move in immediately. These factors should be weighed when forming a view on price, as they influence both the property’s immediate appeal and its future resale position.
Detailed Independent Property Report prepared by PropCred Analyst team for 22/69 Bay Road, Mount Gambier SA 5290
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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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
3
Bathroom
1
Parking
1
Land
197m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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