SOLD
Sold on 20 Dec 2023 for $2,000,000

7 Willis Street
Lakes Entrance VIC 3909

Bedrooms: 3
Bathrooms: -
Car spaces: -
Land area: 7651m2
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Property Details for 7 Willis St, Lakes Entrance

Building Type
Commercial
Land Size
7651m2
Local Government
East Gippsland
Lot/Plan
1/TP896477

Last Listing description (April 2021)

- Nearly two acres in area
- 50 sites in total including 15 cabins, 4 caravans and fully renovated manager's residence
- Six permanents and eight annuals returning good regular cash flow

- Close to lake, ocean and shops
- On-site commercial laundry
- Renovated utility block

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Property History for 7 Willis St, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$2,000,000
20 Dec 2023
  • 20 Dec 2023
    Sold for $2,000,000
  • 19 Feb 2021
    Sold for $1,750,000
  • 04 Jun 2019
    Listed for Sale FHGC $2,200,000
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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 6 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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