46 McCullough Street

Lakes Entrance VIC 3909

585 m²

House

Currently for sale - view listing

Overview

Elevated Living, Grounded Returns

Elevated to capture sweeping ocean views and warm western sunsets across the front balcony, this expansive five-bedroom residence delivers scale, flexibility and secure income in one of Lakes Entrance's established hillside pockets. Upstairs, the layout offers both separation and connection. A formal lounge sits at the entry of the home, enjoying water views and direct access to the wrap-around balcony, a beautiful space to unwind while taking in the ever-changing outlook. Large double glazed windows invite natural light throughout, while a split system, wood heater, and 16 solar panels provide comfort and energy efficiency across the seasons. The kitchen and dining area are open plan, forming a practical central hub for everyday living. The peninsula kitchen overlooks the dining space and is equipped with a gas cooktop and electric oven. Three bedrooms are positioned on this level, all with built-in robes, including the main bedroom with its own ensuite. A central bathroom and a well-appointed laundry with bench and cupboard storage complete the upper floor. Downstairs introduces genuine versatility. With internal access from the double lock-up garage and separate external sliding door access, this level comprises a substantial rumpus/living area, two additional bedrooms, one with built-in robes, and a spacious bathroom. There is clear scope to incorporate a kitchenette, further enhancing the potential for dual living, multi-generational accommodation or value-add improvement in the future. The enclosed backyard adds practicality, complemented by garden sheds and established fruit trees and plantings. Currently leased at $500 per week until 5 April 2027, the property offers strong holding income with long-term tenancy security already in place. Investors can secure immediate returns in a high-demand coastal market, while retaining the flexibility to reposition or occupy in the future. A substantial home with income certainty, development potential and coastal outlook - 46 McCullough Street presents opportunity on multiple levels. *All boundaries on photographs are approximate only. View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist