Affordable Lakes Entrance Investment With Immediate Return
Positioned in the heart of Lakes Entrance, this neat and low-maintenance one-bedroom unit presents an appealing opportunity for investors, first-home buyers, downsizers or those looking for an easy coastal base close to town.
The compact floorplan makes excellent use of the available space, with an open-plan living and dining area flowing through to a practical, updated kitchen featuring plenty of cabinetry, generous bench space and a dishwasher. A split-system air conditioner provides year-round comfort, while the light interior and neutral finishes create a comfortable and welcoming feel.
The bedroom is well proportioned, while the bathroom includes a shower over bath and is complemented by a separate toilet. A dedicated laundry provides further practicality and includes direct external access.
Currently rented at $300 per week, the property also offers immediate investment appeal, providing an established income stream from day one.
Set within an established unit complex, the property offers an easy-care lifestyle with minimal upkeep required, making it particularly well suited to those seeking a lock-up-and-leave property or straightforward investment.
Conveniently located close to the Lakes Entrance town centre, shops, cafés, services and the waterfront, this is an affordable opportunity to secure property in a highly convenient position.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist
Features
1 bedroom
1 bathroom
directions_car1 carspace
46 m² floor area
crop_free50 m² lot size
cottageApartment
Property history for 5/45 Carpenter St
2026
Rented
Undisclosed
Leased on 26 Jan 2026 by LJ Hooker Lakes Entrance
2024
Rented
Undisclosed
Leased on 28 Oct 2024 by LJ Hooker Lakes Entrance
2024
Rented
Undisclosed
Leased on 23 Apr 2024 by LJ Hooker Lakes Entrance
Happy sellers in Lakes Entrance
85%
sentiment_very_satisfied
85% of sellers in Lakes Entrance reported that their sale price either exceeded or met their price expectations.
Lakes Entrance stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 8 reviews in Lakes Entrance over the last 12 months.
Local market activity for 1 bedroom apartments in Lakes Entrance
Sold
For Sale
For Rent
View the listing for inspection times, agent contact details, and more.