89 Princes Highway

Off Market

89 Princes Highway

Lucknow VIC 3875

1184 m²

Block of units

Last sold for $680,000

Sean Sabell, last sold this property on 16 June 2026 after 57 days on market.

Overview

Rare Block of Units Offering Immediate Income

An increasingly rare opportunity to secure a full block of units on one title, 1–4/89 Princes Highway, Lucknow presents a compelling addition to any investment portfolio. Comprising four self-contained one-bedroom, one-bathroom units, the property offers immediate income, with all four units currently tenanted, delivering a reliable return from day one. Each unit is thoughtfully laid out to maximise functionality, featuring a comfortable living space, well-proportioned bedroom and practical kitchen and bathroom facilities. The simplicity of the design ensures broad tenant appeal, supporting consistent occupancy in a market where affordable rentals remain in strong demand. Positioned along the Princes Highway, the property enjoys excellent accessibility to the Lucknow and Bairnsdale townships, with shops, schools and everyday amenities all within easy reach. This convenient location further underpins its appeal to tenants and reinforces its long-term investment strength. With rental appraisals indicating a return of approximately $260–$280 per week per unit, the property delivers a solid income stream with scope for future growth. Whether you're looking to expand your portfolio or secure a set-and-forget investment, this is a standout opportunity in a tightly held market. View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Features

4 bedrooms

4 bathrooms

1184 m² lot size

Block of units

Estimated Value

We need at least 3 similar 4 bedroom block of units sold in Lucknow over the last 12 months.

Property history for 89 Princes Highway

2026

Sold

$680,000

16 Jun 2026 by Sean Sabell, of OBrien Real Estate Bairnsdale

Happy sellers in Lucknow

87%

87% of sellers in Lucknow reported that their sale price either exceeded or met their price expectations.

Lucknow stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Lucknow over the last 12 months.

Local market activity for 4 bedroom block of units in Lucknow

In the last 12 months, 1 four-bedroom block of units similar to 89 Princes Highway, have been sold.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Lucknow for a free market appraisal.

Mark Ashley

at OBrien Real Estate Bairnsdale

4.9

(398 reviews)

Get a free market appraisal

Dennis van Reyk

at VAN REYK REAL ESTATE BAIRNSDALE

(98 reviews)

Get a free market appraisal

Michael Enever

at Harcourts Bairnsdale

4.8

(147 reviews)

Get a free market appraisal

Sean Sabell

at OBrien Real Estate Bairnsdale

4.9

(140 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lucknow

Mark Ashley

Mark Ashley is an award winning recommended agent for Lucknow. They have 7 local sales and collected 1 local review across the last 12 months.

4.9 (398 reviews)
1 Review in Lucknow
7 Sales in Lucknow

View profile

Dennis van Reyk

Dennis van Reyk is an award winning recommended agent for Lucknow. They have 1 local sale and collected 1 local review across the last 12 months.

5 (98 reviews)
1 Review in Lucknow
1 Sale in Lucknow

View profile

Michael Enever

Sellers who recommend Michael Enever have praised them for being clear communication, local expert, honest, responsive, great negotiation, supportive and reliable