31/203 Esplanade Lakes Entrance VIC 3909
Property Details for 31/203 Esplanade, Lakes Entrance
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
- 30 Apr 2024Listed for Sale $130,000
- 31 May 2023Listed for Sale $130,000
- 07 Oct 2019Sold for $100,000
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0About 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 4,099 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.
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