89 Princes Highway, Lucknow, VIC 3875 | Property Value & History | OnTheHouse
OFF MARKET

89 Princes Highway
Lucknow VIC 3875

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 84m2
Land area: 1184m2
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Property Details for 89 Princes Hwy, Lucknow

89 Princes Hwy, Lucknow is a bedroom, bathroom Unit and was built in 2006. The property has a land size of 1184m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in April 2006.

Building Type
Unit
Year Built
2006
Floor Size
84m2
Land Size
1184m2
Local Government
East Gippsland
Lot/Plan
1/TP663457

Last Listing description (April 2026)

An increasingly rare opportunity to secure a full block of units on one title, 14/89 Princes Highway, Lucknow presents a compelling addition to any investment portfolio. Comprising four self-contained one-bedroom, one-bathroom units, the property offers immediate income, with all four units currently tenanted, delivering a reliable return from day one.Each unit is thoughtfully laid out to maximise functionality, featuring a comfortable living space, well-proportioned bedroom and practical kitchen and bathroom facilities. The simplicity of the design ensures broad tenant appeal, supporting consistent occupancy in a market where affordable rentals remain in strong demand.Positioned along the Princes Highway, the property enjoys excellent accessibility to the Lucknow and Bairnsdale townships, with shops, schools and everyday amenities all within easy reach. This convenient location further underpins its appeal to tenants and reinforces its long-term investment strength.With rental appraisals indicating a return of approximately $260$280 per week per unit, the property delivers a solid income stream with scope for future growth. Whether you're looking to expand your portfolio or secure a set-and-forget investment, this is a standout opportunity in a tightly held market.View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property History for 89 Princes Hwy, Lucknow, VIC 3875

A timeline of how this property has performed in the market
Last Sold
$360,000
24 Apr 2006
  • 20 Apr 2026
    Listed for Sale $720,000
  • 11 Sep 2018
    Listed for Rent $175 / week
  • 24 Apr 2006
    Sold for $360,000
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About Lucknow 3875

The size of Lucknow is approximately 19.7 square kilometres. It has 7 parks covering nearly 1.8% of total area. The population of Lucknow in 2016 was 1254 people. By 2021 the population was 1439 showing a population growth of 14.8% in the area during that time. The predominant age group in Lucknow is 60-69 years. Households in Lucknow are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lucknow work in a trades occupation.In 2021, 78.80% of the homes in Lucknow were owner-occupied compared with 73.40% in 2016.

Lucknow has 1,472 properties. Over the last 5 years, Houses in Lucknow have seen a 42.37% increase in median value, while Units have seen a 51.69% increase. As at 31 March 2026:

  • The median value for Houses in Lucknow is $578,534 while the median value for Units is $362,998.
  • Houses have a median rent of $540.
There are currently 34 properties listed for sale, and 4 properties listed for rent in Lucknow on OnTheHouse. According to Cotality's data, 73 properties were sold in the past 12 months in Lucknow.

Suburb Insights for Lucknow 3875

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.