OFF MARKET

6/247 Esplanade
Lakes Entrance VIC 3909

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
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Property Details for 6/247 Esplanade, Lakes Entrance

6/247 Esplanade, Lakes Entrance is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in March 2017.

Building Type
Unit
Year Built
2005
Floor Size
80m2
Local Government
East Gippsland
Lot/Plan
5/PS605972

Last Listing description (June 2017)

This luxury North facing two bedroom apartment is in the best location in Lakes Entrance and is bathed in natural light. Imagine overlooking the glistening waters of the North Arm from your own balcony: take in a deep breath, you're home. You will be right in the heart of town and can walk to everything on offer in the beautiful seaside village. Enjoy a walk along the water in the morning and a glass of wine at the restaurant that evening as you won't be needing the car, it's a one minute walk to the Esplanade. Of the highest quality, this apartment will provide low maintenance living or holidaying and come fully furnished so you can move in and start to enjoy. The kitchen forms part of the open plan living area and also enjoys those idyllic views over the North Arm. There is plenty of storage cupboards in the kitchen with a pantry and dishwasher. The bathroom enjoys a touch of luxury of floor to ceiling tiles and double vanity. There is a separate toilet. Each of the bedrooms have built-in-robes and accommodate a Queen sized bed. There is also another South facing balcony to enjoy your morning coffee on. This is the last apartment on offer therefore the developer is ready to meet the market and get it sold so don't hesitate to put in an offer in. Luxury, location & guaranteed return of 7% for twelve months: this makes for great investing.

Property History for 6/247 Esplanade, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$250,000
23 Mar 2017
Listed for Rent
18 Jan 2014
  • 23 Mar 2017
    Sold for $250,000
  • 31 Mar 2016
    Listed for Sale $279,500
  • 19 Oct 2015
    Listed for Sale Not Disclosed
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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 4,102 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.

Suburb Insights for Lakes Entrance 3909

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.