OFF MARKET

31/203 Esplanade
Lakes Entrance VIC 3909

Bedrooms: -
Bathrooms: -
Car spaces: -
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Property Details for 31/203 Esplanade, Lakes Entrance

Building Type
Commercial
Year Built
1990
Local Government
East Gippsland
Lot/Plan
131/PS313615

Last Listing description (September 2024)

Introducing an investment opportunity in the stunning Lakes Entrance! Presenting a meticulously managed unit offering a 7% net return. Nestled in a prime location, this unit boasts a long lease with flexible options that extend up to an impressive 35 years. Immerse yourself in the tranquility of Lakes Entrance & relish in the breathtaking vistas surrounding this investment. With a commitment to maintaining impeccable standards, the unit is professionally managed, ensuring a hassle-free experience for you as an investor. Say goodbye to the headaches of property management, as our team takes care of all the details, allowing you to enjoy a stress-free investment venture.
Lakes Entrance, known for its scenic lakes, pristine beaches, and vibrant community, offers a plethora of recreational activities and a welcoming atmosphere.
Don't miss out on this outstanding opportunity.

Property History for 31/203 Esplanade, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$100,000
07 Oct 2019
  • 30 Apr 2024
    Listed for Sale $130,000
  • 31 May 2023
    Listed for Sale $130,000
  • 07 Oct 2019
    Sold for $100,000

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About Lakes Entrance 3909

The size of Lakes Entrance is approximately 28.1 square kilometres. It has 19 parks covering nearly 17.7% of total area. The population of Lakes Entrance in 2011 was 4,569 people. By 2016 the population was 4,801 showing a population growth of 5.1% in the area during that time. The predominant age group in Lakes Entrance is 60-69 years. Households in Lakes Entrance are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lakes Entrance work in a labourer occupation. In 2011, 65% of the homes in Lakes Entrance were owner-occupied compared with 65.8% in 2016.

Lakes Entrance has 4,089 properties. Over the last 5 years, Houses in Lakes Entrance have seen a 75.28% increase in median value, while Units have seen a 63.41% increase. As at 30 September 2024:

  • The median value for Houses in Lakes Entrance is $544,883 while the median value for Units is $375,335.
  • Houses have a median rent of $420 while Units have a median rent of $340.
There are currently 122 properties listed for sale, and 9 properties listed for rent in Lakes entrance on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Lakes entrance.

Suburb Insights for Lakes Entrance 3909

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.