OFF MARKET

1 Esplanade
Lakes Entrance VIC 3909

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 93m2
Land area: 7027m2
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Property Details for 1 Esplanade, Lakes Entrance

1 Esplanade, Lakes Entrance is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 7027m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in March 2004.

Building Type
Unit
Year Built
2005
Floor Size
93m2
Land Size
7027m2
Local Government
East Gippsland
Lot/Plan
85/PS512350

Last Listing description (December 2015)

This modern unit, part of the complex Number 1 Esplanade would have to be one of the best units there. Around 11% gross return annually, you can also take advantage of holidaying or living in it yourself. Offering spectacular views of both the front & back Lakes and down towards town. The large bedrooms, private balcony off the main, open lounge/kitchen/dining and modern bathroom makes this unit stand out from the rest.

Property History for 1 Esplanade, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$886,278
29 Mar 2004
  • 05 Nov 2015
    Listed for Sale $290,000
  • 29 Mar 2004
    Sold for $886,278

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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 4,103 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.
There are currently 106 properties listed for sale, and 5 properties listed for rent in Lakes entrance on OnTheHouse. According to CoreLogic's data, 121 properties were sold in the past 12 months in Lakes entrance.

Suburb Insights for Lakes Entrance 3909

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.