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89 Princes Highway, Lucknow$720,000
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89 Princes Highway

Lucknow, VIC 3875, Australia
$720,000
4 bed 4 bath1184 m²

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About this property

An increasingly rare opportunity to secure a full block of units on one title, 14/89 Princes Highway, Lucknow presents a compelling addition to any investment portfolio. Comprising four self-contained one-bedroom, one-bathroom units, the property offers immediate income, with all four units currently tenanted, delivering a reliable return from day one. Each unit is thoughtfully laid out to maximise functionality, featuring a comfortable living space, well-proportioned bedroom and practical kitchen and bathroom facilities. The simplicity of the design ensures broad tenant appeal, supporting consistent occupancy in a market where affordable rentals remain in strong demand. Positioned along the Princes Highway, the property enjoys excellent accessibility to the Lucknow and Bairnsdale townships, with shops, schools and everyday amenities all within easy reach. This convenient location further underpins its appeal to tenants and reinforces its long-term investment strength. With rental appraisals indicating a return of approximately $260$280 per week per unit, the property delivers a solid income stream with scope for future growth. Whether you're looking to expand your portfolio or secure a set-and-forget investment, this is a standout opportunity in a tightly held market. View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property Details

Property Type
land
Listing Type
For Sale
Bedrooms
4
Bathrooms
4
Land Area
1184 m²
Listed
2 months ago

Repayment calculator

$3,491/month
$1,745 /fortnight
Loan $576,000 at 6.10% over 30 years

Upfront costs

Deposit$144,000
Stamp duty$38,270
Conveyancing (est.)$2,000
Total upfront$184,270
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 Lucknow

This 4-bedroom land in Lucknow, VIC 3875 sits within reach of public transport, local shops and nearby schools. It is listed 46% above the $493,961 median of 66 comparable landswithin 5 km.

Schools near Lucknow

  • OneSchool Global Vic - Bairnsdale Centrecombined

What's nearby

  • Princes Hwy/Charles St (bus)76 m away
  • Unnamed247 m away
  • Unnamed586 m away
  • Howitt Park926 m away
  • Bairnsdale Park940 m away

Lucknow at a glance

Full suburb profile
Population
1,439
Median age
43
Household income
$1,361/wk
Median rent
$290/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Lucknow price trend

Median sold · House 4 bed

$623kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Lucknow market

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