OFF MARKET

2/50-54 Palmers Road
Lakes Entrance VIC 3909

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
Land area: 162m2
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Last updated 11 Nov 2024
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Property Details for 2/50-54 Palmers Rd, Lakes Entrance

2/50-54 Palmers Rd, Lakes Entrance is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 162m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
Unit
Floor Size
72m2
Land Size
162m2
Local Government
East Gippsland
Lot/Plan
5/SP25705

Last Listing description (February 2024)

Offering an unrivalled lifestyle in the heart of Lakes Entrance, this solid brick residence is the ideal rental investment, first home or holiday unit getaway. Situated opposite the Lakes Aquadome, close to Eastern Beach and an easy walk to the main shopping centre and medical facilities.
The design reveals a functional floor plan with a spacious living room with reverse cycle air conditioner, separate kitchen and dining area, two bedrooms with built in robes, spacious laundry and a brand new bathroom. Off street parking with paved courtyard and a single garage.

Currently rented until July 2021 at $310 per week.
Contact LJ Lakes Entrance to arrange your inspection today on 5155 6777

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Property History for 2/50-54 Palmers Rd, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$220,000
20 Feb 2021
Listed for Rent
25 Dec 2020
  • 20 May 2021
    Listed for Sale Sold
  • 13 Apr 2021
    Listed for Sale Sold
  • 20 Feb 2021
    Sold for $220,000
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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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