406/1 Esplanade, Lakes Entrance$420,000
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406/1 Esplanade

Lakes Entrance, VIC 3909, Australia
$420,000
2 bed 2 bath 1 car

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About this property

An excellent investment opportunity awaits with this dual-key apartment located within the popular Esplanade Resort & Spa, right in the heart of Lakes Entrance. Positioned on the fourth floor, Apartment 406A & 406B enjoys lovely outlooks across the Cunninghame Arm, Bass Strait, and the resort pool area. The dual-key configuration allows the property to be let as a single apartment or as two separate suites, providing flexibility and strong potential for rental income. Fully furnished and cleverly designed, the apartment comprises two self-contained living zones under one title. The main section features a well-appointed kitchen, light-filled living and dining area, and a spacious bedroom with ensuite. The second suite includes a private bedroom with kitchenette and ensuite, ideal for accommodating guests or maximising returns through the resort's rental pool. Of further benefit, the property also includes a lock-up storage shed located within the resort's carpark, a valuable addition and one of only a handful available within the complex. Whether you're searching for a low-maintenance investment, weekend getaway, or relaxed coastal base, this property offers versatility and convenience just moments from the iconic Ninety Mile Beach and Lakes Entrance waterways. Resort facilities include: Indoor and outdoor heated swimming pools Tennis court and playground On-site restaurant, bar and café Secure undercover parking and additional boat storage Ideally located along the Esplanade, you're within easy walking distance to cafés, restaurants, shops, beaches and waterfront attractions. For further information or to arrange an inspection, please contact Ryan Hooper at East Gippsland Real Estate on 0488 218 181 or 03 5155 6777. For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Parking
1
Listed
3 months ago

Repayment calculator

$2,036/month
$1,018 /fortnight
Loan $336,000 at 6.10% over 30 years

Upfront costs

Deposit$84,000
Stamp duty$20,270
Conveyancing (est.)$2,000
Total upfront$106,270
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 2-bedroom apartment in Lakes Entrance, VIC 3909 sits within reach of public transport, and nearby schools. It is listed 25% below the $560,000 median of 71 comparable apartmentswithin 5 km.

Schools near Lakes Entrance

  • Lakes Entrance Primary Schoolprimary · Prep-6 · CoEd
  • Lakes Entrance Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Clarkes Rd/Roadknight St (bus)2.7 km 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 · Unit 2 bed

Compound growth +1.6% / yr over 4 yrs

$380kcurrent median

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Price history

Listing price changes

2 price changes recorded for this property

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Within 5km

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