SOLD
Sold on 21 Apr 2024 for $495,000

314/1 Esplanade
Lakes Entrance VIC 3909

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 93m2
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Property Details for 314/1 Esplanade, Lakes Entrance

314/1 Esplanade, Lakes Entrance is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2005. The property has a floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Townhouse sold in Lakes Entrance in the last 12 months.

Building Type
Townhouse
Year Built
2005
Floor Size
93m2
Local Government
East Gippsland
Lot/Plan
55/PS512350

Last Listing description (December 2020)

No 1 Esplanade Resort effortlessly takes centre stage on the Lakes Entrance market. Apartment 314 is in an excellent location, close to the waters edge. With all amenities available within the resort including swimming, day spa and tennis, No 1 Esplanade is a destination for many. Offering spectacular views, the large bedrooms, private balcony off the main bedroom, open plan kitchen/living/dining and modern bathroom makes this apartment a stand out from the rest. Averaging a 13% gross return annually, you can also take advantage of holiday renting or simply make this your everyday address. Don't walk passed this proven investment.
- Security
- Spacious modern living & dining areas

- Master bedroom with balcony
- Ducted air-conditioning
- Swimming pool
- Easy walking distance to shops & cafe precinct
- Outdoor entertaining areas

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Property History for 314/1 Esplanade, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$495,000
21 Apr 2024
  • 21 Apr 2024
    Sold for $495,000
  • 03 Dec 2020
    Sold for $290,000
  • 28 Jan 2015
    Listed for Sale $290,000
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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 4,089 properties. Over the last 5 years, Houses in Lakes Entrance have seen a 75.28% increase in median value, while Units have seen a 63.41% increase. As at 30 September 2024:

  • The median value for Houses in Lakes Entrance is $544,883 while the median value for Units is $375,335.
  • Houses have a median rent of $420 while Units have a median rent of $340.
There are currently 122 properties listed for sale, and 9 properties listed for rent in Lakes entrance on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Lakes entrance.

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