fbpx Skip to content

12 Lake Terrace West

Mount Gambier SA 5290

  • 4 Bed
  • 2 Bath
  • 2 Parks
$699,000 - $729,000
Enquire now

Timeless Character, Thoughtfully Updated with Sweeping Views

Rich in history and beautifully reimagined for modern living, this circa 1890 residence offers a rare opportunity to secure a home of genuine character in a tightly held blue ribbon location.

Set on a generous 805m² allotment, the home has been tastefully updated throughout, blending contemporary comfort with preserved heritage charm. From its striking façade to the warm, inviting interiors, every detail reflects a careful balance of old and new.

Inside, the flexible floorplan reveals four bedrooms, including a master with ensuite, two bathrooms and multiple living zones thoughtfully designed across two distinct areas of the home. This unique layout is ideal for growing families, multi-generational living or shared accommodation, providing both connection and privacy when needed. Built-in robes, high ceilings with original plasterwork and timeless finishes further enhance the home's character.

At the heart of the home, the updated kitchen offers functionality and style, complete with dishwasher and seamless connection to the meals and living areas. Comfort is assured year-round with split system air conditioning, while both a slow combustion heater and open fireplace add warmth and ambience.

French doors with original leadlight features open onto an elevated deck, creating a natural indoor-outdoor flow ideal for entertaining or relaxing while taking in the surrounding outlook.

Step outside to enjoy elevated views from multiple vantage points, including the expansive balcony and outdoor entertaining areas. The large, flat backyard is perfect for families, complemented by easy-care gardens and additional under-house cellar or storage space.

Positioned for lifestyle convenience, the home is just a short two-minute walk to the local school and the iconic Valley Lake precinct, with its scenic walking trails and lookouts.

Additional features include:

• Electric gated entry for privacy and security
• Single lock-up garage plus additional covered carport
• Additional off-street parking
• Powered shed with concrete flooring
• Internal laundry
• Generous yard space with established, easy-care gardens
• Built-in under house cellar or storage
• Split-level design enhancing separation and flexibility

Positioned in a highly sought-after pocket with a strong track record of recent sales at or above the $1 million mark, this is an exceptional opportunity to secure a character home at an accessible price point.

Offered at $779,000 – $809,000, this property represents outstanding value in a tightly held location.

A home of this calibre, combining history, flexibility and lifestyle appeal, is rarely offered and will attract strong interest.

Council – City of Mount Gambier
Land Size – 805m²
Year Built – circa 1900
Council Rates – $490 per quarter

Features

General Features

  • Property Type: House
  • Bedrooms: 4
  • Bathrooms: 2
  • Land Size: 805sqm

Indoor Features

  • Toilets: 2

Outdoor Features

  • Open Car Spaces: 2

Can I afford 12 Lake Terrace West?

Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.

Calculators

Elders Real Estate Mount Gambier

Enquire about 12 Lake Terrace West, Mount Gambier, SA, 5290

Property guides and resources

Regional vs Capital: Where Property Returns Are Stronger in 2026

It’s no secret that the Australian property market is no longer moving…
Read more

Q1 2026 Property Market Review: Where Australia Stands and What Comes Next

As the first quarter of 2026 wraps up, the Australian property market…
Read more

Why the Market Reawakens After Easter

Every year, the Australian property market seems to follow a familiar rhythm.…
Read more