FOR SALE
$675,000

42 Don Road
Lakes Entrance VIC 3909

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
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LIVE, HOLIDAY OR INVEST

Nestled in the heart of Lakes Entrance. this spacious 700sqm flat block offers a rare opportunity. Just a short stroll away you'll find the inviting ocean beach and shops. What sets this property apart is the inclusion of two separate dwellings on a single title. Both units are currently tenanted, delivering a steady rental income of $740 per week. The rear unit features four bedrooms and two bathrooms, providing ample space for a larger family or additional rental potential with a double garage. Meanwhile, the front unit offers two bedrooms and one bathroom plus off-street parking. This property is not only a smart investment but also a convenient and comfortable living arrangement. This versatile property, in such a desirable location, is a fantastic prospect for investors or those seeking a coastal retreat with the added benefit of rental income. Call King & Heath today.

Property Details for 42 Don Rd, Lakes Entrance

42 Don Rd, Lakes Entrance is a 6 bedroom, 2 bathroom House with 2 parking spaces. The place is currently for sale with King & Heath First National - LAKES ENTRANCE.

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House

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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 4,101 properties. Over the last 5 years, Houses in Lakes Entrance have seen a 85.05% increase in median value, while Units have seen a 62.25% increase. As at 31 July 2024:

  • The median value for Houses in Lakes Entrance is $577,678 while the median value for Units is $356,297.
  • Houses have a median rent of $420 while Units have a median rent of $325.
There are currently 121 properties listed for sale, and 8 properties listed for rent in Lakes entrance on OnTheHouse. According to CoreLogic's data, 112 properties were sold in the past 12 months in Lakes entrance.

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Chris Howlett
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King & Heath First National - LAKES ENTRANCE
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