FOR SALE
$475,000

59 Coates Road
Lakes Entrance VIC 3909

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 921m2
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THE PERFECT INVESTMENT OPPORTUNITY!

Positioned on a desirable corner block with dual access, this fantastic property in Lakes Entrance presents a unique investment opportunity. Set on approximately 921m², the site includes two residences, offering excellent potential for rental income or extended family living. With also the potential to further subdivide (S.T.C.A)
The main residence features three bedrooms, a well-appointed bathroom, and spacious living areas. Enjoy the outdoors with both front and back decks, perfect for entertaining or simply relaxing in the fresh coastal air. A carport provides convenient covered parking for the main residence.
Adding to the appeal, the property includes a fully self-contained second residence with one bedroom. This versatile space is ideal for generating rental income, hosting guests, or providing independent living for family members.
Located in a sought-after area of Lakes Entrance, close to shops, beaches, and amenities, this property is perfectly positioned to take advantage of the lifestyle and investment opportunities the region offers.
Whether you're looking to expand your property portfolio or find a flexible living arrangement, this dual-residence property on a generous 921m² block is a must-see. Don't miss out on this rare opportunity-contact us today to arrange a viewing!
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Property Details for 59 Coates Rd, Lakes Entrance

59 Coates Rd, Lakes Entrance is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 921m2. The place is currently for sale with King & Heath First National - LAKES ENTRANCE.

Building Type
House
Land Size
921m2

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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 4,099 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.
There are currently 122 properties listed for sale, and 7 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.

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Judy Vella
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King & Heath First National - LAKES ENTRANCE
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