OFF MARKET

85 Lake Bunga Beach Road
Lake Bunga VIC 3909

Bedrooms: 4
Bathrooms: 4
Car spaces: 2
Land area: 706m2
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Property Details for 85 Lake Bunga Beach Rd, Lake Bunga

85 Lake Bunga Beach Rd, Lake Bunga is a 4 bedroom, 4 bathroom House with 2 parking spaces. The property has a land size of 706m2. While the property is not currently for sale or for rent, it was last sold in May 2010.

Building Type
House
Land Size
706m2
Local Government
East Gippsland
Lot/Plan
9/LP117951

Last Listing description (February 2024)

With plenty of street appeal, these two attractive and well-designed brick townhouses are perfectly located in the popular Lake Bunga Beach area.

Positioned close to the beach, this solid brick dual complex offers an engaging blend of location and lifestyle within a short drive to the shops, restaurants, cafes, schools and transport.

Each townhouse comprises of two good sized bedrooms with built in robes, one large bathroom and a single car garage. Comprising an open plan kitchen, dining and lounge area these very tidy townhouses make the perfect opportunity to enter the rental market. Both townhouses are low maintenance and have two secure long term tenants in place. With both properties bringing in rent returns over $2,500 per month this could be the perfect investment for you.

With a multipurpose room at the back of the property there is potential to add a third income also (STCA).

An opportunity not to be missed, call today to arrange your private inspection.

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Property History for 85 Lake Bunga Beach Rd, Lake Bunga, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$430,000
26 May 2010
  • 19 Jul 2023
    Listed for Sale $799,000
  • 26 May 2010
    Sold for $430,000
  • 28 Feb 2000
    Sold for $14,000
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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 339 properties. Over the last 5 years, Houses in Lake Bunga have seen a 46.33% increase in median value, while Units have seen a 83.13% increase. As at 30 September 2024:

  • The median value for Houses in Lake Bunga is $620,280 while the median value for Units is $404,482.
  • Houses have a median rent of $285.
There are currently 27 properties listed for sale, and 1 property listed for rent in Lake bunga on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Lake bunga.

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