OFF MARKET

9 Orme Street
Lakes Entrance VIC 3909

Bedrooms: 3
Bathrooms: 7
Car spaces: 7
Floor area: 97m2
Land area: 987m2
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Last updated 18 Nov 2024
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Property Details for 9 Orme St, Lakes Entrance

9 Orme St, Lakes Entrance is a 3 bedroom, 7 bathroom Unit with 7 parking spaces. The property has a land size of 987m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in June 2021.

Building Type
Unit
Floor Size
97m2
Land Size
987m2
Local Government
East Gippsland
Lot/Plan
11/LP4691

Last Listing description (October 2021)

This is an extraordinary opportunity to purchase a well-established, freehold unit complex plus a home. Immaculately presented and a fantastic location!

This property offers opportunity for growth to new owners, the living accommodation is adaptable for more bedrooms and our coastal town offers you a relaxed lifestyle.
Positioned directly in the heart of town, a stones throw to the North Arm, Esplanade and the shopping hub of Lakes Entrance.

The business easily run as semi retired lifestyle or a great second income for a family.

- 1 Title
- 6 self contained units (4 x 2 bedroom, 2 x 1 bedroom)
- The house - 2 bedroom owners residence
- All 6 units have been renovated throughout
- Communal Laundry & BBQ area
- 4.6 star rating with airbnb

Some history... this business started running approximately 60 years ago with two units and was extended to six units by the sixties, a great income for the family over the years and a huge return of repeat clientele to keep the business going.

Enquire with us today for more information 03 5155 3133

https://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 9 Orme St, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$940,000
16 Jun 2021
  • 16 Jun 2021
    Sold for $940,000
  • 16 Sep 2020
    Listed for Sale $988,000
  • 24 Feb 2017
    Listed for Sale $799,000
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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 4,103 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 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.

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