8 Lake King Place, Metung, VIC 3904 | Property Value & History | OnTheHouse
 
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8 Lake King Place
Metung VIC 3904

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 941m2
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Last updated 1 Dec 2025
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Property Details for 8 Lake King Pl, Metung

8 Lake King Pl, Metung is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. The property has a land size of 941m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Year Built
1965
Floor Size
61m2
Land Size
941m2
Local Government
East Gippsland
Lot/Plan
3/LP44566

Last Listing description (October 2022)

Located in one of Metung's premier residential precincts, this property enjoys breathtaking views over Lake King, with Paynesville and the mountains in the background.

The property extends between Beach Road and Lake King Place, with access being from the latter. The unique combination of absolute privacy, security, lifetime views and generous 'level' building envelope, surely make this one of the most desirable parcels of land in Metung.

The block is a generous 1032 sqm, with 600 sqm of flat land to build on.

You own the view here. You cannot be built out or 'treed' out.

The existing two bedroom cottage has been utilised as a holiday rental for many years, returning $24,500 (nett) last year. But the real value here is in the land.

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Property History for 8 Lake King Pl, Metung, VIC 3904

A timeline of how this property has performed in the market
Last Sold
$865,000
06 Sep 2022
  • 06 Sep 2022
    Sold for $865,000
  • 28 Jul 2022
    Listed for Sale Contact Agent
  • 30 Jan 2002
    Sold for $227,500
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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 2016 was 1449 people. By 2021 the population was 1899 showing a population growth of 31.1% 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 managers occupation.In 2021, 81.80% of the homes in Metung were owner-occupied compared with 79.40% in 2016.

Metung has 2,168 properties. Over the last 5 years, Houses in Metung have seen a 43.49% increase in median value, while Units have seen a 58.20% increase. As at 30 November 2025:

  • The median value for Houses in Metung is $673,664 while the median value for Units is $409,141.
  • Houses have a median rent of $550 while Units have a median rent of $290.
There are currently 119 properties listed for sale, and 7 properties listed for rent in Metung on OnTheHouse. According to Cotality's data, 88 properties were sold in the past 12 months in Metung.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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