SOLD
Sold on 24 Jun 2024 for $585,000

102/1 Esplanade
Lakes Entrance VIC 3909

Bedrooms: 2
Bathrooms: 3
Car spaces: 1
Floor area: 103m2
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Property Details for 102/1 Esplanade, Lakes Entrance

102/1 Esplanade, Lakes Entrance is a 2 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 2005. The property has a floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Lakes Entrance in the last 12 months.

Building Type
Unit
Year Built
2005
Floor Size
103m2
Local Government
East Gippsland
Lot/Plan
23/PS512350

Last Listing description (February 2024)

The Esplanade resort always holds great appeal - and for good reason on this occasion. This amazing apartment is one of the very few 3 bedroom/2 bathroom apartments within the complex. Showing good returns in the vicinity of $60,000 gross which isn't too shabby a return for your dollar in the world we currently live. Naturally, you have full use of all resort facilities (indoor & outdoor heated pool) and if you're lucky, you can book your own apartment between outside bookings. Also this well positioned apartment is fully furnished - what a bonus!

Property History for 102/1 Esplanade, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$585,000
24 Jun 2024
  • 24 Jun 2024
    Sold for $585,000
  • 15 Jan 2020
    Sold for $330,000
  • 09 Aug 2019
    Listed for Sale $360,000
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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 4,104 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.
There are currently 108 properties listed for sale, and 5 properties listed for rent in Lakes entrance on OnTheHouse. According to CoreLogic's data, 120 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.