89 Bay Road, Mount Gambier SA 5290
89 Bay Road, Mount Gambier SA 5290
1890 heritage home on 1652m² elevated lot|Renovated 4-5 bed with period features + modern luxuries|Prime lakeside/CBD walkable positioning|Strong rental demand at $645pw
Renovated 1890s residence spans 503m² building on spacious lot with balcony, deck, rumpus, gas heating, open fireplaces, solar panels, secure 2-car garage. Offers flexible layout including master with ensuite/dressing room, built-in robes, floorboards. Fibre NBN and 5G coverage ensure connectivity.
Positioned on blue-ribbon street end, elevated at 68m for lake views, steps from Blue Lake, Valley Lake, CBD cafes/schools. Suits established families or downsizers seeking prestige lifestyle with privacy and outdoor entertaining. Reidy Park Primary catchment appeals to school-focused buyers.
Demand firm for renovated heritage in this precinct amid stable local trends. Demographics skew professional families drawn to walkability. Growth tied to tourism/CBD proximity; rental yield supports investors. Risks: bushfire/heritage overlays limit changes. No major new projects noted. Opportunities in further solar/reno tweaks.
Detailed Independent Property Report prepared by PropCred Analyst team for 89 Bay Road, Mount Gambier SA 5290
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
1,652m²
Assessments Delivered Today
URL has been copied successfully!