Lakes Entrance at a glance
5,420
People
$517,500
Median sale
$462/wk
Median rent
4.64%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
VIC › Lakes Entrance › Broome St
$645,000
For sale
Asking
3
Bedrooms
1
Bathrooms
4
Car spaces
1,364 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$645,000
Asking · $473/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Lakes Entrance (last 5 years) with land size have a median of $701/m² of land (n=34). Districts calculation from recorded sales — not a valuation.
Lakes Entrance at a glance
5,420
People
$517,500
Median sale
$462/wk
Median rent
4.64%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Vs Lakes Entrance
+24.6%
Median sale
Suburb $517,500
-0.92 pp
Gross yield
Suburb 4.64%
Suburb median $517,500 from 34 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$39,084 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Lakes Entrance's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $462/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 3.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Lakes Entrance at a glance
5,420
People
$517,500
Median sale
$462/wk
Median rent
4.64%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RE/MAX GenesisSet on a substantial 1,364m² (approx.) block with a 20.2m frontage and 68.2m depth, 5 Broome Street, Lakes Entrance presents a rare opportunity to retain a charming weatherboard home while pursuing a four-unit subdivision and development (STCA). Concept plans have been prepared showing one possible outcome - retaining the existing dwelling at the front, with four additional units accessed via a central driveway.
Positioned less than 200m from Lakes Entrance Secondary College and just minutes from the town centre, shops, cafés, medical facilities and the region's famous beaches, this property suits investors, developers and owner-occupiers alike.
Full of character, the home features a welcoming front verandah, while the living area offers a ceiling fan and split-system air conditioning for year-round comfort. An open-plan layout flows through to three bedrooms (two with built-in robes), a central bathroom with shower, separate toilet, and a well-appointed laundry with sink and space for a chest freezer.
A covered breezeway connects the home to the expansive rear yard, where a freestanding garage/workshop with roller door offers excellent space for tradespeople, storage or hobby enthusiasts. Ample off-street parking and level lawn area round out the property's day-to-day practicality.
Currently tenanted, the home returns $500 per week - a solid holding yield while development plans progress.
Opportunities of this scale, in this location, are becoming increasingly rare. Concept plans are illustrative only and do not constitute development approval; interested purchasers should undertake their own due diligence regarding planning, subdivision and building requirements, with all development subject to approval from the relevant authorities (STCA).
Whether you're looking to landbank, develop, invest, or secure a home with genuine long-term upside, 5 Broome Street offers a rare combination of immediate liveability and exceptional future potential in one of Lakes Entrance's most desirable pockets.
Call selling agent Daniel Schoeman on 0417 824 769 for more information or to arrange a private inspection.
Due Diligence Checklist (VIC)
Before purchasing a residential property, buyers should make their own enquiries regarding any matters that may affect the property. This checklist is a guide only and does not replace independent professional advice. For further information, visit the Consumer Affairs Victoria website: consumer.vic.gov.au/duediligencechecklist.
Disclaimer: The four-unit concept plans are for illustrative purposes only and do not represent approved plans. Purchasers should undertake their own due diligence. Any subdivision or development is subject to council approval (STCA).
Listing description written by Daniel Schoeman, RE/MAX Genesis — reproduced as published, not verified by Districts.
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