2/106 Myer Street, Lakes Entrance VIC 3909
2/106 Myer Street, Lakes Entrance VIC 3909
This is a three-bedroom, two-bathroom house with two car spaces on a substantial lot within the sought-after Lakes Entrance pocket. The house sits on a parent lot of 1,360 square metres, a size more aligned with premium houses than typical unit stock in the area.
The property’s standout strength is its generous land holding, which is rare for a three-bedroom home in this coastal suburb. This positions it well for families or lifestyle buyers seeking space without sacrificing location. The house is configured for comfortable living and benefits from being in a pocket noted for its desirability, which typically supports stronger demand and better long-term value retention than standard stock. It serves buyers who value land size and a residential feel over compact, low-maintenance living.
The property’s value may be influenced by how the lot is legally subdivided, as the exact split for this house is not confirmed. A larger, well-defined lot could support a premium, while a smaller or irregular title might narrow the buyer pool. The absence of detail on construction age and finishes introduces some uncertainty around condition and renovation potential. These factors should be weighed when forming a view on price, as they directly affect both immediate livability and future resale appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/106 Myer Street, Lakes Entrance VIC 3909
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Lakes Entrance presents as a coastal market with a mature demographic, where outright ownership is common. Demand is driven by the appeal of rental yields and lifestyle for downsizers and investors. Recent house price performance has been mixed, with units experiencing a notable correction, while houses demonstrate resilience albeit with extended selling periods. Future growth hinges on sustained investor interest and the suburb’s enduring coastal appeal, though risks include price volatility in the unit segment and a slower-moving market for houses.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1364m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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