603 Esplanade Lakes Entrance VIC 3909
Property Details for 603 Esplanade, Lakes Entrance
603 Esplanade, Lakes Entrance is a 2 bedroom, 1 bathroom Unit with 2 parking spaces. The property has a land size of 1923m2. While the property is not currently for sale or for rent, it was last sold in March 2015.
Last Listing description (July 2015)
Premier location in the heart of Lakes Entrance on the ever popular Esplanade. This fantastic property is so close to all that Lakes Entrance has to offer. Comprising the three bedroom main residence at the front of the property and a further 5 units on the property 2 of which are currently let on a permanent basis.
After consideration of estimated tenanted market rentals for the remaining units and house, the estimated gross yield is 10.6% before completion of works.*
Excellent opportunity to further develop the property or a complete redevelop (S.T.C.A.). Zoned Commercial 1, the total land size of 1,919sqm approx. and has rear access via a laneway.
Michael Walstab
Accommodation and Tourism Broker.
* The above information has been furnished by the Vendor of the property. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate.
Property History for 603 Esplanade, Lakes Entrance, VIC 3909
- 03 Mar 2015Sold for $620,000
- 24 Jan 2013Listed for Sale $625,000 + GST (IF APPLICABLE)
- 12 Mar 2010Listed for Sale $1,300,000 + GST IF APPLICABLE
Recent sales nearby
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0About Lakes Entrance 3909
The size of Lakes Entrance is approximately 28.1 square kilometres. There are 19 parks, covering nearly 17.7% of the total area. The population of Lakes Entrance in 2016 was 4810 people. By 2021 the population was 5145 showing a population growth of 7.0% 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 community and personal service occupation.In 2021, 67.60% of the homes in Lakes Entrance were owner-occupied compared with 65.80% in 2016.
Lakes Entrance has 4,353 properties. Over the last 5 years, Houses in Lakes Entrance have seen a 18.86% increase in median value, while Units have seen a 28.64% increase. As at 31 August 2026:
- The median value for Houses in Lakes Entrance is $570,097 while the median value for Units is $389,419.
- Houses have a median rent of $490 while Units have a median rent of $360.
Suburb Insights for Lakes Entrance 3909
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