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5 Phillip Street, Mount Gambier, SA 5290 For Sale
5 Phillip Street, Mount Gambier, SA 5290 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image 5 Phillip Street, Mount Gambier, SA 5290-Image

5 Phillip Street, Mount Gambier, SA 5290

$490,000 - $520,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings
850 mΒ²
Area

Last updated on Friday, May 29, 2026 ( See property details for 5 Phillip Street, Mount Gambier, SA 5290)

$490,000 - $520,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A solid 1950's stone home on a spacious corner block, offering excellent investment potential and convenient access to local amenities in Mount Gambier.

🏑 Property Highlights

  • Solid 1950's stone construction offering durability and classic appeal
  • Prime corner allotment close to Mount Gambier Hospital and educational facilities
  • Established tenant in place until November 2026 providing immediate rental income
  • Generous 850 sqm block with secure gated yard perfect for families and pets
  • Convenient access to CBD, retail shopping, and local amenities
  • Well-maintained interiors with polished timber flooring and modern comforts

✨ Key Features

  • Garage
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Ceiling Fans
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Pet-Friendly
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5 Phillip Street
Mount Gambier, SA 5290
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Vertical aerial view β€” 5 Phillip Street
5 Phillip Street — Vertical Aerial  •  Mount Gambier, SA 5290  •  Nearmap © 2026

Mount Gambier offers a vibrant community with excellent healthcare, education, and retail options. The suburb features convenient access to the CBD, parks, and local amenities, making it ideal for families and investors alike. Its central location ensures a balanced lifestyle with all essential services nearby. The area boasts a mix of historic and modern homes, fostering a welcoming and diverse community. With ongoing development and strong rental demand, Mount Gambier remains a highly sought-after suburb for both living and investing.

What is the condition of the property and are there any recent renovations?
The property maintains its 1950's charm with well-preserved interiors, including polished timber flooring and modern amenities, with no recent major renovations reported.
What are the ongoing costs associated with the property?
The current council rates are approximately $408 per quarter, water rates are about $176 per quarter, and the property is connected to town water, sewer, and gas services.
Is the property suitable for pets and children?
Yes, the gated and enclosed yard provides a secure outdoor space ideal for children and pets to play safely.
What is the rental income and potential for future growth?
The property is currently tenanted at $410 per week, with an updated rental appraisal estimating potential rent between $420 and $440 per week, indicating good rental yield and growth prospects.
Are there any planning restrictions or zoning considerations?
The property is situated on a standard residential allotment with no known zoning restrictions affecting its current use.
Are there any existing or past issues with structural integrity or pest infestations? Are there any planned developments or zoning changes in the area that could affect property value? What are the terms of the current tenancy agreement and are there any upcoming lease renewals? Are there any easements, covenants, or restrictions on the property? Has the property experienced any flooding or bushfire risks in recent years? Are there any outstanding council or water rates or other unpaid charges? Is the property compliant with all building codes and safety regulations? Are there any upcoming maintenance or repair costs anticipated for the property? What are the terms and conditions of the current lease, and are there any rent increase provisions? Is there any ongoing or planned construction nearby that could impact the property?

5 Phillip Street, Mount Gambier, SA 5290 - More Details

$490,000 - $520,000

Solidly positioned on a sizeable corner allotment close to the Mount Gambier Hospital, UniSA and TAFE campuses along with nearby childcare and primary schooling facilities - all still only a short distance from the CBD and retail shopping at the Marketplace. 5 Phillip Street in Mount Gambier offers an outstanding blend of position and affordability and is a great opportunity to get into the market or add to an already established portfolio.

With it's 1950's stone construction, this solid build is a popular choice for investors and owner occupiers alike, offering 3 well sized bedrooms all with carpet over timber flooring, curtains and privacy blinds, and the master including a ceiling fan.

The main living space includes polished timber flooring with a slow combustion heater and reverse cycle air conditioning plus a ceiling fan keeping you comfortable all year round. Adjoining this space, the galley style kitchen includes free standing cooker with gas cooktop, electric oven and grill.

Wet areas include a central bathroom with separate bathtub and walk in shower, as well as the convenience of a separate toilet nearby. At the rear of the home, the well-appointed laundry includes built in storage along with an adjoining mudroom/storage area leading to access to the backyard.

Outside there is a gated and enclosed yard offering space for the kids to play or secure for pets, with a single car garage offering power and concrete flooring, and is adjoined by a carport for further undercover parking.

Services to the property include town water, sewer and gas supply, with a water softener also installed.

Currently tenanted at $410 per week, this is a great one to add to the portfolio with an already established tenant until November of 2026. Contact Alistair for more information today.

Additional Property Information:
Approx Property Age: 1952
Land Size: 850sqm
Council Rates: $408 per quarter
Water Rates: $176 per quarter
Rental Appraisal: An updated rental appraisal has been conducted for approximately $420 to $440 per week.
RLA - 291953
Type
House
Bedrooms
3
Bathrooms
1
Parkings
2
Area
850 mΒ²

Map & nearby places — 5 Phillip Street, Mount Gambier, SA 5290

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