196 Princes Highway
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About this property
Positioned on a generous 1.31-hectare (approx.) parcel with distant water views, this is a standout opportunity for those looking to unlock future potential (STCA). With ample space and favorable proportions, the property presents exciting scope for subdivision into residential-sized allotments, making it an attractive option for developers, investors, or those wanting to landbank for the future. Held by the same family for over 60 years, the existing five-bedroom home offers a solid foundation while you plan your next move. Spacious throughout and filled with character, it provides comfortable accommodation with a functional layout, ideal for immediate use or renovation. Whether you choose to enhance, redevelop or subdivide (STCA), the possibilities here are significant. Key Features: - Potential for subdivision (STCA) with generous land size and layout - Expansive 1.31 hectares (approx.) offering flexibility for future development - Distant water views across the Gippsland Lakes - Well-maintained five-bedroom home with large proportions and practical floorplan - Peaceful setting just minutes (approx. 3 minutes) from the town centre - Easy access to Lakes Entrance, local amenities, and nearby Metung Located just under four hours from Melbourne, this is a rare opportunity to secure a sizeable parcel with both immediate comfort and long-term upside. Opportunities like this are increasingly hard to find, contact Jess Stevens on 0499 361 519 to arrange your inspection today.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 5
- Bathrooms
- 1
- Parking
- 6
- Land Area
- 1.31 ha
- Listed
- 2 months ago
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Neighbourhood
Living in Lakes Entrance
This 5-bedroom house in Lakes Entrance, VIC 3909 sits within reach of public transport, and nearby schools. It is listed 52% above the $559,000 median of 78 comparable houseswithin 5 km.
Schools near Lakes Entrance
- Lakes Entrance Primary Schoolprimary · Prep-6 · CoEd
- Lakes Entrance Secondary Collegesecondary · 7-12 · CoEd
What's nearby
- Thorpes Lane/McCullough St (bus) — 328 m away
Lakes Entrance at a glance
Full suburb profile- Population
- 5,145
- Median age
- 55
- Household income
- $866/wk
- Median rent
- $252/wk
- Median mortgage
- $1,227/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Lakes Entrance price trend
Median sold · House 3 bed
Compound growth +2.4% / yr over 4 yrs
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Full Lakes Entrance marketThis listing
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1 price change recorded for this property
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