OFF MARKET

166 Thorpes Lane
Lakes Entrance VIC 3909

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 136m2
Land area: 586m2
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Property Details for 166 Thorpes Lane, Lakes Entrance

166 Thorpes Lane, Lakes Entrance is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 586m2 and floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
House
Floor Size
136m2
Land Size
586m2
Local Government
East Gippsland
Lot/Plan
1/TP167456

Last Listing description (March 2020)

Situated upon a 586m2 allotment is this 3 bedroom home ready for its new investors.
The tenant is fixed term and keen to stay on, their current lease ends in June 2020.
This is an attractive investment to add to your portfolio with a return of approx. 5.3%!

Upon entry you are greeted with a nice lounge space with split system heating and cooling and sliding doors that open onto the huge decked area for entertaining guests. There is a nice distant view of Bass Strait just to sweeten the deal.
The open kitchen/dining area is complete with breakfast bar and electric cooking.
The bathroom with separate bath and a good sized laundry.
Outside there is a garden shed and plenty of under house storage with a fantastic sized fully secure yard. This home would also suit the first home buyers. This lovely home is only 10 minutes from the center of Lakes Entrance.
Call us at Elders today and we will happily arrange your new home inspection

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Property History for 166 Thorpes Lane, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$257,000
14 Mar 2020
Listed for Rent
$270/w
10 May 2019
  • 14 Mar 2020
    Sold for $257,000
  • 08 Feb 2020
    Transferred
  • 19 Nov 2019
    Listed for Sale $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 4,101 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 105 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.

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