69 Lakeshore Drive, Nungurner VIC 3909
69 Lakeshore Drive, Nungurner VIC 3909
Lakeside single-level house | 5 bed/4 bath | 5,338 m² private parcel | 8-car capacity | older build with lifestyle scale
Scale and lakeside positioning are rarely combined on this level. The property is set on a 5,338 m² parcel with eight car spaces, five bedrooms, and four bathrooms, putting it well above typical local stock. A single-level plan and a 643 m² footprint are provided, giving practical room for extended family or regular guests. The lake-oriented outlook is central to the lifestyle appeal, and the low-density character of Nungurner suits a buyer looking for privacy, water proximity, and multi-vehicle capacity rather than conventional suburban living.
Value may be influenced by build age and the extent of modernisation. The 1985 construction is not new, though European oak floors and a soft neutral palette suggest a well-presented interior; a full renovation should not be assumed. A bushfire overlay introduces a due-diligence matter, and fixed wireless internet may affect utility expectations for some buyers. The size and usability of the land, the condition of the shed, driveway and external structures, and the strength of the lakeside outlook are likely to be weighed more heavily than build age.
Detailed Independent Property Report prepared by PropCred Analyst team for 69 Lakeshore Drive, Nungurner VIC 3909
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Nungurner is a tightly held East Gippsland market, with the median house at $533,000 and three-bedroom homes at $587,500, though only six to seven sales occurred in the past year. Demand is driven by an older cohort—predominantly aged 50 to 69—working as professionals or managers, likely seeking lifestyle and downsizing options rather than entry-level stock. That profile aligns with the 60-day median days on market, slower than Melbourne’s 31 days, and a gross rental yield of 3.9% reflecting modest income potential. Price growth data is absent locally, but the broader Victorian outlook is constructive: Melbourne houses are forecast to rise 6.6% in 2026, underpinned by sustained population inflows and new construction lagging due to higher build costs, leaving advertised listings below average. Those supply constraints and elevated rents are positive for Nungurner’s pricing, yet affordability pressures may check higher-priced segments. The main constraint is thin liquidity; a handful of sales means valuations can be volatile, and any rate sensitivity would be amplified in that limited turnover environment.
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PropCred Estimated Value
Comparable Sales: 9 Bells Track Nungurner (sold, price withheld); local Nungurner sales to $986,720 | Property Price Band: $1.2M-$1.3M | Value Drivers: land size, lake outlook, multi-car capacity
Bedrooms
5
Bathroom
4
Parking
8
Land
1.32 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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