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196 Princes Highway, Lakes Entrance$850,000
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196 Princes Highway

Lakes Entrance, VIC 3909, Australia
$850,000
5 bed 1 bath 6 car1.31 ha

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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

Repayment calculator

$4,121/month
$2,060 /fortnight
Loan $680,000 at 6.10% over 30 years

Upfront costs

Deposit$170,000
Stamp duty$46,070
Conveyancing (est.)$2,000
Total upfront$218,070
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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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

$533kcurrent median

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Price history

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1 price change recorded for this property

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