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VIC › Lakes Entrance › Marine Pde

U5, 260 Marine Pde, Lakes Entrance VIC 3909

For saleHouse

$1,175,000

For sale

Asking

4

Bedrooms

2

Bathrooms

4

Car spaces

683 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,175,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,175,000(Listing record · 27 June 2026)
  • CalculationRecorded House sales in Lakes Entrance (last 5 years) with land size: median $701/m² of land (n=34). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 127% above the Lakes Entrance median recorded sale ($517,500, n=34, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Lakes Entrance's advertised median rent ($462/wk), implied gross yield would be 2.04% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,175,000

Asking · $1,720/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.

See the full Lakes Entrance report →

Vs Lakes Entrance

+127.1%

Median sale

Suburb $517,500

-2.60 pp

Gross yield

Suburb 4.64%

Suburb median $517,500 from 34 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,175,000
Stamp Duty (Victoria)
$64,625
Transfer/Registration Fee
$2,854
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,246,179

$71,179 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Pre-filled with Lakes Entrance's advertised median rent — not a rent for this listing.

Net yield
0.54%
Annual cashflow (pre-tax)
$-54,701
Interest cover (DSCR)
0.10
Annual rent
$24,024
Operating expenses
$17,625
Loan amount
$940,000
Annual interest
$61,100
Gross yield
2.04%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,175,000available26 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.0%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Lakes Entrance in one glance

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.

See the full Lakes Entrance report →

Keep researching

  • Why Lakes Entrance? Read the area thesis →
  • What else is on the market in Lakes Entrance →
  • Other records on Marine Pde →

Listing material

Listed by RE/MAX Genesis

Prestigious Home in Lakes Entrance with Water Views, Lift, Double Garage & A Few Steps to Shops and Cafés

Positioned in one of Lakes Entrance's most prestigious and tightly held waterfront locations, this extensively renovated two-level home is presented in exceptional condition and offers a premium coastal lifestyle. This exceptional double-story home offers approximately 291 sqm under roof, combining generous proportions, premium finishes and an outstanding lifestyle, only 90 metres from the North Arm Waterfront.

Designed for comfortable everyday living, entertaining and accessibility, this beautifully renovated residence features 9-foot ceilings and enjoys elevated views across the North Arm, Kalimna and Cabarita Point while capturing the warming northern sun throughout winter. Built by respected local builder Allan Bolding, the home has recently undergone a substantial internal renovation, including new carpets, fresh paint and quality window furnishings and presents in outstanding condition.

Set well back from the road, the long private driveway provides excellent off-street parking, while the oversized double garage and additional storage areas offer the ideal space for a large boat, caravan, trailer or recreational vehicles.

Read the full description

A standout feature is the commercial-grade wheelchair lift, providing effortless access between both levels and making the home suitable for buyers seeking long-term accessibility without compromising on style or space.

Upstairs Living

The upper level has been thoughtfully designed to maximise the stunning water outlook and natural light. At its heart is a gourmet kitchen with granite benchtops, a large island breakfast bar, quality cabinetry and two wall ovens. Flowing seamlessly from the kitchen are the spacious dining and living areas, which open onto an expansive entertaining deck where you can enjoy spectacular views over the North Arm.

The master suite offers generous proportions with a large built-in robe, private ensuite and split-system heating and cooling. A second bedroom, currently utilised as a study, also includes built-in robes and is ideal as a guest bedroom or home office. A convenient powder room completes the upper level.

Downstairs Living

The ground floor offers outstanding flexibility for extended family, guests or dual-living potential. It includes a spacious family/rumpus room with a second kitchenette, two generous bedrooms with built-in robes and ceiling fans, a large bathroom featuring a relaxing spa bath and separate shower, separate toilet, laundry with extensive storage, and an impressive entrance foyer with lift access.

The oversized double garage provides internal access together with rear access to the backyard, creating excellent storage options for boats, caravans and outdoor equipment.

Renovations & Upgrades

• New floor tiles installed throughout the home.

• Stylishly renovated kitchen featuring new cabinetry, stone benchtops, and quality finishes.

• Renovated powder room with modern fittings and fixtures.

• Beautifully updated ensuite and main bathroom with contemporary finishes.

• Freshly painted throughout with new carpets for a modern, move-in-ready feel.

• Two newly installed split-system air conditioning units, providing year-round comfort.

• New curtains and pelmets installed throughout the home, completing the fresh, modern presentation

Property Features

• Commercial-grade wheelchair lift servicing both levels

• Premium waterfront location with northerly aspect

• Granite kitchen with island bench and two wall ovens

• Large entertaining deck with water views

• Four split-system air conditioners, two newly installed.

• Ducted vacuum system throughout

• Extensive built-in storage throughout

• Oversized double garage with rear yard access

• Excellent off-street parking for multiple vehicles

• Additional storage suitable for a boat, caravan or trailer

• Separate garden sheds and external bathroom.

• Large heat-pump hot-water service unit.

• Private, undercover fern garden and landscaped backyard

• Outstanding Lakes Entrance Lifestyle

Positioned in one of Lakes Entrance's premier locations, this beautifully presented home is only a few steps from the waterfront and within easy walking distance of local amenities.

• Approximately 90 metres to the North Arm, jetties and waterfront

• Walking and cycling tracks run directly across the road

• Around a 7-10 minute walk to the Lakes Entrance Hotel, cafés, restaurants and shopping precinct

• Approximately 8-10 minutes' walk to Woolworths, McDonald's and additional retail stores

• Approximately 850 metres to the Marine Parade boat ramp

• Close to public jetties, picnic areas, parks and boat hire facilities

• Easy access to Gippsland Lakes boating, fishing, kayaking and swimming

Whether you're searching for a luxury permanent residence, premium holiday home, retirement property, or an exceptional waterfront investment, this impressive townhouse offers a rare combination of size, accessibility, quality construction and one of the best lifestyle locations in Lakes Entrance.

Opportunities to secure a property of this calibre in such a tightly held waterfront position are exceptionally rare. Inspection is highly recommended.

Call the selling agent, Geoff Smith, on 0456 091 451 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.

Listing description written by Geoffrey Smith, RE/MAX Genesis — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Fully Fenced
  • Outdoor Entertaining
  • Remote Garage
  • Rumpus Room
  • Secure Parking
  • Study
  • Toilets: 4
  • Vacuum System

Also look at

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.