26 Heriot Street, Mount Gambier SA 5290
26 Heriot Street, Mount Gambier SA 5290
This 1950s stone house offers 3 bedrooms, 1 bathroom, and a single toilet off the laundry. It sits on a 660m² lot with 100m² of internal space. There are 2 off-street parking spots. The interior has been renovated and includes split-system air conditioning and heating, a wood heater, a gas kitchen, and a tiled bathroom. Outside there is a paved undercover entertainment area plus garden and storage sheds. The zoning is Suburban Neighbourhood.
The stone construction and recent renovation make this property competitively rare for a home built around 1950 in a blue chip pocket of Mount Gambier. It is positioned as a light-filled, low-maintenance house that suits first-home buyers or investors looking for stable rental demand. The established neighbourhood character, combined with the generous land size and practical updates, gives it a edge over older unrenovated stock. This property is best suited to someone who values character with modern comfort and does not need a large internal floorplan.
The modest 100m² footprint might limit appeal for families needing generous living space. The single bathroom could be a constraint for buyers with children or regular guests. The 1950s structure may require more ongoing upkeep than a newer build, even with recent renovations. The absence of a second living area or dedicated dining space might also factor into how the property is priced relative to similar homes in the area.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Heriot Street, Mount Gambier SA 5290
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
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
3
Bathroom
1
Parking
2
Land
660m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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