1/63 Myer StreetLakes Entrance VIC 3909
Property Details for 1/63 Myer St, Lakes Entrance
1/63 Myer St, Lakes Entrance is a 2 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 229m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (October 2023)
This property is the one you've been waiting for and truly one for the savvy investor! It is one of three units available for sale, buy one, two or all three!
Ideally located, this fully furnished two bedroom unit is only a short walk to the main beach and the heart of the Lakes Entrance shopping and cafe precinct. With a recent kitchen upgrade and beachy neutral tones throughout there is nothing more to do but move in!
Currently being utilised as a successful Airbnb the income return on this platform is representing strong demand with a current annual income of $35,000k (approx.). This property represents a solid longterm investment opportunity and absolutely worth considering, or perhaps you would like to claim this neat as a pin, holiday home and have it all to yourself.
A private entry courtyard with low maintenance established gardens, undercover parking with gated entry into the large backyard, allowing easy access and increased privacy.
PROPERTY FEATURES
* Solid brick unit with large private back yard
* Recently updated kitchen
* Split system heating and cooling
* Private courtyard at front of unit
* Established, low maintenance gardens
* Fully furnished (all furniture included)
* Long term rental including furniture $400pw
* Established, successful Airbnb with a current annual income of $35,000k (approx.)
NEARBY FACILITIES
* Walking distance to the beach and shopping precinct
* Primary Schools and Highschool
* Medical Centres
* Bullock Island Dolphin Lookout - 3.2km (approx.)
Call DANIEL SCHOEMAN on 0417 824 769 for a private viewing.
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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).
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own enquiries.
*Please note that the image indicating the boundary lines is an estimate only. The actual boundary lines for this property are provided in the Section 32 / Vendor Statement.
Property History for 1/63 Myer St, Lakes Entrance, VIC 3909
- 11 Aug 2023Sold for $380,000
- 03 Jul 2023Listed for Rent $400 / week
- 22 Mar 2023Listed for Sale $405,000
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0About 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 4,104 properties. Over the last 5 years, Houses in Lakes Entrance have seen a 73.13% increase in median value, while Units have seen a 64.20% increase. As at 31 October 2024:
- The median value for Houses in Lakes Entrance is $542,190 while the median value for Units is $363,006.
- Houses have a median rent of $450 while Units have a median rent of $370.
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