4 Queens Avenue, Mount Gambier SA 5290

Character home on dual titles | 2,651m² block near CBD | period features with pool | suited to family or investor The property’s strongest advantage is its dual-title configuration on an oversized 2,651m² allotment, which provides subdivision optionality rarely found in Mount Gambier’s character housing stock. The 1935 dolomite-fronted residence with two living areas, timber floors and ornate detailing appeals to buyers seeking period charm without heritage restrictions, as no overlays apply. With six bedrooms and two bathrooms across 380m², the house suits large families or those wanting space for multi-generational living, while the pool adds lifestyle appeal. The estimated rental yield of $585 per week offers a conservative floor for investors, though the property’s primary value lies in its land-to-improvement ratio and future development potential. The main risk is the property’s age – a 1935 build may require updating to electrical, plumbing or insulation standards, and buyers should budget for a building inspection. The NBN connection is Fibre to the Node, not FTTP, which may matter for heavy remote workers. The swimming pool, visible via satellite, presents ongoing maintenance costs and liability if not recently serviced. However, the 14% building coverage on a 2,651m² site means substantial undeveloped land, offering a clear pathway to subdivide or hold for capital growth in Mount Gambier’s constrained market. Buyers should treat this as a long-term landbank with immediate habitable shelter.