Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

VIC › Lakes Entrance › Jemmeson St

ULot 2, 11 Jemmeson St, Lakes Entrance VIC 3909

For saleHouse

$565,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

269 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $565,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $565,000(Listing record · 8 Oct 2024)
  • 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 9% 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 4.25% — 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

$565,000

Asking · $2,100/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

+9.2%

Median sale

Suburb $517,500

-0.39 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
$565,000
Stamp Duty (Victoria)
$28,970
Transfer/Registration Fee
$1,426
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
$599,096

$34,096 on top of the price (6.0% 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
2.75%
Annual cashflow (pre-tax)
$-13,831
Interest cover (DSCR)
0.53
Annual rent
$24,024
Operating expenses
$8,475
Loan amount
$452,000
Annual interest
$29,380
Gross yield
4.25%

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$565,000available8 Oct 2024

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 4.3%. 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 Jemmeson St →

Listing material

Listed by RE/MAX Genesis

Seize the Dream: Newly Titled Land Ready for Immediate Construction

Embark on a low-maintenance seaside lifestyle that's truly unbeatable!

This property is poised for immediate construction with its brand new driveway and issued titles, ready for you to seize the opportunity. Centrally located in Lakes Entrance, mere minutes from shopping, dining, cafes, beaches and the Gippsland Lakes, this custom-designed home and land package features three spacious bedrooms, a master suite with a walk-in robe and ensuite, and a second bathroom with a generous bath.

The open-plan layout seamlessly integrates the kitchen, living, and dining areas with an alfresco space for entertaining. A thoughtfully designed separate sitting room adds versatility. The stylishly efficient kitchen boasts stainless steel appliances, enhancing its modern appeal.

Read the full description

The dedicated laundry, courtyard proximity, and automatic lock-up garage ensure convenience and security. Positioned on a 269 m2 block, this property is strategically located to enjoy the area's vibrant amenities.

Seize the opportunity to have a holiday lifestyle near the ocean. Act swiftly - call now to secure this excellent buying opportunity!

Full turnkey - so all you need to do is turn the key to your new home and move in

Stamp duty savings

First homeowner grant benefits

Call DANIEL SCHOEMAN on 0417 824 769 for further information.

_________________________________________________________

Due Diligence Checklist

What you need to know before buying a residential property. Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them. You can find links to organisations and web pages that can help you learn more by visiting the due diligence checklist page on the Consumer Affairs Victoria website (consumer.vic.gov.au/duediligencechecklist).

Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own enquiries.

*Please note that the image indicating the boundary lines is an estimate only. The actual boundary lines for this property are provided in the Section 32 / Vendor Statement.

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

Property features

  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Remote Garage
  • Toilets: 1

Also look at

Also for sale in Lakes Entrance

  • 82 Carpenter St, Lakes Entrance VIC 3909

    3-bed house. Asking $440K.

    For sale
  • U406, 1 Esplanade, Lakes Entrance VIC 3909

    2-bed unit. Asking $425K.

    For sale
  • 2 Northrope Rd, Lakes Entrance VIC 3909

    3-bed house. Asking $575K.

    For sale
  • 60 Roadknight St, Lakes Entrance VIC 3909

    2-bed house. Asking $520K.

    For sale
Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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