7 Gay Street, Lakes Entrance$980,000
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7 Gay Street

Lakes Entrance, VIC 3909, Australia
$980,000
6 bed 3 bath 4 car810 m²

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About this property

This unique dual-dwelling property offers the perfect opportunity to live in one home while generating income from the other. Currently configured with one residence operating successfully as an Airbnb and the second as a permanent rental, it's an ideal setup for investors, multi-generational living, or those seeking additional income. The beautifully renovated main residence features four spacious bedrooms and two modern bathrooms. Designed for relaxed coastal living, the home boasts a light-filled open plan kitchen, dining, and living area with a sunken lounge that creates a warm and inviting space to relax. Wrap-around verandas provide the perfect setting to take in the stunning ocean views and enjoy outdoor living year-round. Upstairs, the private master suite offers a peaceful retreat, complete with its own balcony where you can enjoy sweeping views. A second large living area on this level provides additional space for family living, entertaining, or a quiet escape. With a low-maintenance yard and all the hard work already completed, the home is ready to move in and enjoy. The second dwelling offers privacy and comfort with two bedrooms, one bathroom, and its own dedicated car park. The open plan living area creates a welcoming and functional space, while a private backyard provides room to relax outdoors. Whether you're looking for a home with income potential, a flexible living arrangement, or a smart investment, this property delivers lifestyle and opportunity in one impressive package. Contact us today on 51551201 to arrange an inspection.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
6
Bathrooms
3
Parking
4
Land Area
810 m²
Listed
3 months ago

Repayment calculator

$4,751/month
$2,375 /fortnight
Loan $784,000 at 6.10% over 30 years

Upfront costs

Deposit$196,000
Stamp duty$53,900
Conveyancing (est.)$2,000
Total upfront$251,900
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 6-bedroom house in Lakes Entrance, VIC 3909 sits within reach of public transport, and nearby schools. It is listed 75% above the $559,000 median of 79 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

  • Beveridge St/Robin St (bus)64 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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Within 5km

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