SOLD
Sold on 01 Mar 2024 for $630,000

2 Tea Tree Lane
Lake Bunga VIC 3909

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Land area: 1324m2
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Property Details for 2 Tea Tree Lane, Lake Bunga

2 Tea Tree Lane, Lake Bunga is a 3 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 1324m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Lake Bunga in the last 12 months.

Building Type
House
Land Size
1324m2
Local Government
East Gippsland
Lot/Plan
2/PS347419

Last Listing description (March 2017)

Surround yourself in nature and listen to the sounds of the ocean from this ultimate position fronting the 90 Mile Beach reserve and adjacent to Lake Bunga. The substantial brick home offers 3 bedrooms, 2 bathrooms and a spacious open plan living area and kitchen on the top level; opening onto a large balcony with views overlooking a canopy of trees to the ocean beyond. Situated in a quiet street and being the closest house to Lake Bunga and the pristine ocean beach, your privacy is assured and the beautiful views can never be built out. The home has been cleverly designed to make the most of the winter sun and summer shade. The large block (1325m2 approx.) is low maintenance with no lawns to mow. Walking tracks through the adjacent nature reserve offer an array of plants and wildlife or use the walking/cycling track to the golf club or nearby Lakes Entrance. For enquiries or inspections of this extraordinary home contact Yvette at East Gippsland & Lakes Real Estate on 0400 512 659.
Property Code: 433

Property History for 2 Tea Tree Lane, Lake Bunga, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$630,000
01 Mar 2024
  • 01 Mar 2024
    Sold for $630,000
  • 10 Apr 2014
    Listed for Sale $545,000
  • 12 Aug 2013
    Listed for Sale $560,000
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About Lake Bunga 3909

The size of Lake Bunga is approximately 2 square kilometres. It has 1 park covering nearly 2.3% of total area. The population of Lake Bunga in 2011 was 451 people. By 2016 the population was 310 showing a population decline of 31.3% in the area during that time. The predominant age group in Lake Bunga is 60-69 years. Households in Lake Bunga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lake Bunga work in a professional occupation. In 2011, 78.3% of the homes in Lake Bunga were owner-occupied compared with 84.6% in 2016.

Lake Bunga has 338 properties. Over the last 5 years, Houses in Lake Bunga have seen a 48.66% increase in median value, while Units have seen a 80.56% increase. As at 30 November 2024:

  • The median value for Houses in Lake Bunga is $663,616 while the median value for Units is $399,348.
  • Houses have a median rent of $285.
There are currently 21 properties listed for sale, and no properties listed for rent in Lake bunga on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Lake bunga.

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