OFF MARKET

1/21 Whiters Street
Lakes Entrance VIC 3909

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Property Details for 1/21 Whiters St, Lakes Entrance

1/21 Whiters St, Lakes Entrance is a 2 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
East Gippsland

Last Listing description (July 2022)

DOUBLE INCOME OPPORTUNITY: LIVE IN ONE AND RENT THE OTHER OR RENT BOTH!

These two units 1 and 2, 21 / Whiters street, situated a block away from the beach, a gentle walk to the town and shops and metres away from a medical centre.

Low maintenance and room to renovate or simply leave as they are, nothing to do!

Situated on a large parcel of land approximately 761 m2 with development opportunities. STCA or subdivide and sell one! Endless possibilities with a flexible future.

This property has been in the family for over 40 years but it's time to sell!.

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Due Diligence Checklist
What you need to know before buying a residential property
Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them. You can find links to organisations and web pages that can help you learn more, by visiting the due diligence checklist page on the Consumer Affairs Victoria website (consumer.vic.gov.au/duediligencechecklist).

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Property History for 1/21 Whiters St, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Listed for Rent
$330/w
15 Mar 2022
  • 03 Feb 2022
    Listed for Rent $330 / week
  • 01 Jan 2022
    Listed for Sale $725,000 - $745,000

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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 4,089 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 9 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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