OFF MARKET

3 Coates Road
Lakes Entrance VIC 3909

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
Floor area: 150m2
Land area: 819m2
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Last updated 11 Nov 2024
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Property Details for 3 Coates Rd, Lakes Entrance

3 Coates Rd, Lakes Entrance is a 5 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 819m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in June 1978.

Building Type
Unit
Floor Size
150m2
Land Size
819m2
Local Government
East Gippsland
Lot/Plan
1/LP42396

Last Listing description (October 2024)

We are excited to present a great opportunity for an investor to purchase three solid brick units each separately titled and perfectly positioned close to the local shops, schools, public transport and the beach.

Each Unit Features:
- Unit 1 & 3 are 2 Bedrooms with built-in-robes, Unit 2 is a 1 Bedroom with built-in-robe

- Comfortable lounge room space
- Kitchen with electrical cooking facilities
- Separate laundry with backyard access
- Single lockup garage- Private secure backyard
- Split-system for heating and cooling
- Solid brick building & Besser block internal walls
- Each unit has a stand alone title
- Endless scope for future development potential (STCA).

For the astute investor all three units are currently leased with great long term Renters with a combined income of $2,800 per calendar month, a nice opportunity to purchase a solid investment.

Note:
- These 3 Units are to be sold collectively, will not be separated
- Given the units are tenanted we are required to give 48 hours notice for an inspection

For all enquiries please contact our office today 03 51553133

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Property History for 3 Coates Rd, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$32,175
12 Jun 1978
  • 14 Jun 2024
    Listed for Sale $825,000
  • 12 Jun 1978
    Sold for $32,175

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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 106 properties listed for sale, and 6 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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