5 Phillip Street, Mount Gambier, SA 5290

For Sale

5 Phillip Street, Mount Gambier, SA 5290-Image

5 Phillip Street, Mount Gambier, SA 5290

$490,000 - $520,000

House

Type

Bedrooms

Bathrooms

Parkings

850 m²

Area

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

$490,000 - $520,000

Alistair Coonan - Real Estate Agent - Ray White Mt Gambier - RLA 291953

Alistair Coonan Real Estate Sales Agent

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AI Property Insight

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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Suburb and Property Insights of Mount Gambier, SA 5290

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.

Frequently Asked Questions

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.

What to ask about this property to agent?

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

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 2
Area: 850 m²

5 Phillip Street, Mount Gambier, SA 5290 - Point Of Interest

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