OFF MARKET

110/1 Esplanade
Lakes Entrance VIC 3909

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 83m2
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Last updated 18 Nov 2024
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Property Details for 110/1 Esplanade, Lakes Entrance

110/1 Esplanade, Lakes Entrance is a 2 bedroom, 2 bathroom Unit and was built in 2005. The property has a floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in November 2019.

Building Type
Unit
Year Built
2005
Floor Size
83m2
Local Government
East Gippsland
Lot/Plan
20/PS512350

Last Listing description (November 2024)

The great thing about the No1 Resort is that there's no restriction as to whether you live in the property permanently, keep it solely for your own holiday use or put into the rental pool and earn a return on your investment.

This 'dual key 'apartment provides the opportunity in keeping part A for your own use & letting part B within the rental pool smart thinking perhaps. The apartment looks directly over the stunning resort pool and surrounds, and you're only a few steps from the indoor pool plus The Espy Bar & Eatery. Forget the car and take leisurely walks along the waterfront past the fishing fleet to shops, restaurants and other town attractions and immerse yourself in everything Lakes Entrance.

A great opportunity to invest in our strong little coastal town.

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist

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Property History for 110/1 Esplanade, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$265,000
04 Nov 2019
  • 19 Nov 2024
    Listed for Sale $449,900
  • 28 Jul 2024
    Listed for Sale $449,950
  • 04 Nov 2019
    Sold for $265,000
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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 107 properties listed for sale, and 5 properties listed for rent in Lakes entrance on OnTheHouse. According to CoreLogic's data, 119 properties were sold in the past 12 months in Lakes entrance.

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