32 Lakes Park Drive Ob Flat SA 5291

4 / 2 / 3 / 840 m²

For Sale

$699,000 - $749,000

Ray White Mt Gambier

Here you can find what you need to know about 32 Lakes Park Drive , including how much it's approximately worth, a history of what it has previously sold for and even the estimated weekly rent. You can also view comparable house and unit for sale and sold prices, information about Ob Flat, SA and much more.

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32 Lakes Park Drive Estimated Value

$700,000 - $750,000

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Last sold for $121,000 on 30 Nov 2020

Sale Type: Consideration Represents Whole Interest For Property

Mortgage Repayment	$816 pw
This calculation is an estimate of weekly mortgage repayments using the estimated property value and a 20% deposit over a 30 year term. The interest rate applied is the average of the big 4 bank's Standard Variable Rates. This tool is only a guide of what your weekly mortgage repayments might be and does not take into account your personal circumstances such as your borrowing power, the lender's home loan product features, the term of any mortgage and does not include all applicable fees and charges that might be applied if you purchase a property. Your actual weekly mortgage repayments may be different. Before acting on this calculation you should seek professional advice.
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Pros & Cons

Things to like

Above market cashflow potential
Cheaper than comparable properties
Low risk of losing value

Things to look out for

Slower growth than market average

Investment Strategy Scores

No Investor Scores available for this property

About this Property

Details

Bedrooms	4
Bathrooms	2
Car Spaces	3
Land Size	840 m²
Floor Area	-
House Type	House: One Storey / Lowset

Council Area	Mount Gambier
Year Built	n/a
Zone	Residential
Lot/Plan	111/D122551 Ob Flat SA
Property Type	House

Property Timeline

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Neighbourhood

Suburb Insights

Ob Flat, SA 5291

Part of: Grant Council

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Ob Flat, SA 5291

Part of: Grant Council No data available

The size of Ob Flat is approximately 25.7 square kilometres. It has 4 parks covering nearly 1% of total area. The population of Ob Flat in 2011 was 631 people. By 2016 the population was 420 showing a population decline of 33.4% in the area during that time. The predominant age group in Ob Flat is 60-69 years. Households in Ob Flat are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ob Flat work in a managers occupation. In 2011, 86.2% of the homes in Ob Flat were owner-occupied compared with 86.7% in 2016. (source: Australian Bureau of Statistics)

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Ob Flat, SA 5291

Part of: Grant Council No data available

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420

Population

33%

5 year population change

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Ob Flat for Houses in last 12 months

Last 12 months in Ob Flat SA 5291 View Suburb Profile

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$746K Median Value
3 Properties sold
0 Median Rent
3.5% Median Gross Yield
48 Average Days on Market
0 Average Vendor Discount
-13.4% Median Sale Price Change (1yr)

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Natural Hazard Risk

Any hazard data or information is generated from a mathematical model using available statistical and property data and must not be relied upon as an accurate forecast of property hazard risk (Hazard Data). Hazard Data is indicative only and not intended to replace obtaining specific professional advice in relation to such information. Any Hazard Data does not take into account all matters that may be relevant for determining relevant hazards, and the recipient acknowledges and accepts:

it is not based on any site-specific geological or engineering investigation at the relevant property;
the Hazard Data is not a geological or engineering report for a property and does not replace the need for a site inspection in relation to issues relating to geological, foundation, or other hazard-related conditions at the relevant property; and
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Risk Rating Definitions

The following Risk Ratings are generated from a mathematical model using available statistical and property data and must not be relied upon as an accurate forecast of coastal erosion risk:

Very High Risk : Risk of gradual coastal erosion reaching dwelling within 30 years and/or very high risk of significant storm surge impact.
High Risk : Risk of gradual coastal erosion reaching dwelling within 60 years and/or high risk of significant storm surge impact.
Medium Risk : Risk of gradual coastal erosion reaching dwelling within 120 years and/or medium risk of significant storm surge impact.
Low Risk : Risk of gradual coastal erosion reaching dwelling within 240 years and/or low risk of significant storm surge impact.
No Risk : Gradual coastal erosion likely to reach dwelling in more than 240 years OR no rate of retreat (stable coastline) and distance from coast and/or elevation above maximum expected storm surge height.

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