24 Oneills Road, Lakes Entrance VIC 3909

No flood, bushfire or heritage risk | $455+ weekly rent confirmed | 7 days on market | tight holding case for investors This property carries no compensation for physical risk, but the lack of risk overlays means the buyer pays only for location and condition. At a 5.28% rental yield and a mid-value estimate of $450,000, the income return is modest for Lakes Entrance, not exceptional. The decision hinges on whether you can hold without capital growth assumptions in a short market. This is a hold-for-cashflow property, not a flip. The competitive strength here is the low entry price relative to surrounding sales, with 34 Oneills Road at $299,000 value for a smaller house. For a first-time buyer, the built-in robes and air conditioning remove immediate upgrade cost. The property serves best as a rental hold or a downsizer’s lock-and-leave, given Gippsland Lakes proximity and owner-occupied street context. To validate yield, run a scenario at $390 weekly rent with a 10% vacancy allowance against your finance rate.