FOR SALE
$380,000

40 Mccullough Street
Lakes Entrance VIC 3909

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 590m2
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CALLING ALL INVESTORS!

Looking for an ideal investment or your first home? This charming 3-bedroom, 1-bathroom property on a generous 590sqm block is just what you've been waiting for! With a secure tenant in place until January 2025, this property is currently achieving $320 per week in rental income, making it a fantastic opportunity to add to your portfolio.
Conveniently located close to the town centre of Lakes Entrance, all amenities are just moments away. The town bus stop is right at your doorstep, ensuring easy accessibility for tenants or future residents. Set on a low-maintenance block with room for further potential, this property is perfect for investors or first-home buyers.
Don't miss out on this great opportunity to secure a property in a high-demand rental area. Enquire today and make your move into the Lakes Entrance property market! Contact us now!
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Property Details for 40 Mccullough St, Lakes Entrance

40 Mccullough St, Lakes Entrance is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 590m2. The place is currently for sale with King & Heath First National - LAKES ENTRANCE.

Building Type
House
Land Size
590m2

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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 4,109 properties. Over the last 5 years, Houses in Lakes Entrance have seen a 69.94% increase in median value, while Units have seen a 64.64% increase. As at 30 November 2024:

  • The median value for Houses in Lakes Entrance is $544,737 while the median value for Units is $370,803.
  • Houses have a median rent of $455 while Units have a median rent of $385.
There are currently 107 properties listed for sale, and 7 properties listed for rent in Lakes entrance on OnTheHouse. According to CoreLogic's data, 123 properties were sold in the past 12 months in Lakes entrance.

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Sam Palmer
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King & Heath First National - LAKES ENTRANCE
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