23 Lake StreetWendouree VIC 3355
Property Details for 23 Lake St, Wendouree
23 Lake St, Wendouree is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 3 bedroom House sold in Wendouree in the last 12 months.
Last Listing description (January 2026)
Dual Dwelling on Generous Allotment
Set on a substantial 1,009m (approx.) allotment, this dual-dwelling property presents a compelling opportunity for investors seeking immediate income with long-term flexibility.
The site accommodates two self-contained residences, currently leased separately and returning an attractive yield of approximately 6.8%. Together, the dwellings offer a combined total of five bedrooms, comprising a three-bedroom home and a separate two-bedroom residence, each with its own bathroom facilities. This configuration provides diversified income streams and broad tenant appeal.
With strong rental performance already in place, the property is well suited to investors looking for a set-and-forget asset, dual-occupancy living, or a future-focused holding on a generous land parcel (STCA).
An increasingly rare opportunity to secure a dual-income property on a large allotment, offering both immediate returns and ongoing potential.
Property History for 23 Lake St, Wendouree, VIC 3355
Recent sales nearby
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0About Wendouree 3355
The size of Wendouree is approximately 9.6 square kilometres. There are 23 parks, covering nearly 12.5% of the total area. The population of Wendouree in 2016 was 10445 people. By 2021 the population was 10376 showing a population decline of 0.7% in the area during that time. The predominant age group in Wendouree is 20-29 years. Households in Wendouree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wendouree work in a labourer occupation.In 2021, 53.40% of the homes in Wendouree were owner-occupied compared with 56.60% in 2016.
Wendouree has 6,657 properties. Over the last 5 years, Houses in Wendouree have seen a 30.05% increase in median value, while Units have seen a 35.90% increase. As at 31 May 2026:
- The median value for Houses in Wendouree is $538,136 while the median value for Units is $429,384.
- Houses have a median rent of $400 while Units have a median rent of $330.
Suburb Insights for Wendouree 3355
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