OFF MARKET

5 Lake Grove
Metung VIC 3904

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 88m2
Land area: 977m2
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Last updated 16 Sep 2024
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Property Details for 5 Lake Gr, Metung

5 Lake Gr, Metung is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 977m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last transferred in November 2012.

Building Type
House
Floor Size
88m2
Land Size
977m2
Local Government
East Gippsland
Lot/Plan
10/LP51795

Last Listing description (August 2024)

Explore the epitome of coastal living with this 2-bedroom home nestled in a convenient corner location. Boasting water views, this residence offers a front-row seat to watch boats gracefully sail by.

The interior features a thoughtfully designed open plan living and dining area seamlessly connected to a fully equipped kitchen. Sliding doors lead to a charming deck, creating the perfect space for outdoor relaxation. The large bedrooms, complete with spacious robes, ensure comfort and functionality.

Beyond its current charm, the property presents a unique opportunity for potential subdivision (STCA), adding an extra layer of investment potential. Currently, a long-term tenant contributes to its appeal, offering a stable income of $330.00 per week.

Convenience is key, with a short stroll leading to the heart of Metung village, pristine beaches, and the rejuvenating Metung Hot Springs.

Whether you're looking for a picturesque home or a strategic investment, this property captures the essence of coastal living with its neat and tidy presentation, water views, and promising prospects.

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist

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Property History for 5 Lake Gr, Metung, VIC 3904

A timeline of how this property has performed in the market
Last Transferred
27 Nov 2012
Listed for Rent
$280/w
01 Oct 2019
  • 19 Dec 2023
    Listed for Sale $555,000
  • 16 Sep 2019
    Listed for Rent $280 / week
  • 24 Aug 2018
    Listed for Rent $270 / week
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About Metung 3904

The size of Metung is approximately 27.7 square kilometres. It has 7 parks covering nearly 1.7% of total area. The population of Metung in 2011 was 1,221 people. By 2016 the population was 1,449 showing a population growth of 18.7% in the area during that time. The predominant age group in Metung is 60-69 years. Households in Metung are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Metung work in a professional occupation. In 2011, 77.8% of the homes in Metung were owner-occupied compared with 79.4% in 2016.

Metung has 2,175 properties. Over the last 5 years, Houses in Metung have seen a 59.70% increase in median value, while Units have seen a 62.34% increase. As at 31 August 2024:

  • The median value for Houses in Metung is $701,835 while the median value for Units is $394,645.
  • Houses have a median rent of $470 while Units have a median rent of $290.
There are currently 105 properties listed for sale, and 4 properties listed for rent in Metung on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Metung.

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