47 Melrose StreetLorn NSW 2320
Property Details for 47 Melrose St, Lorn
Last Listing description (January 2018)
Nestled just moments from the banks of the Hunter River this picturesque, 685.6sq m parcel of land offers buyers a rare opportunity to secure a sizeable section of land in one of the citys oldest and most sought suburbs.
Established in 1823 when 360ha of land was granted to Thomas McDougall, Lorn really came into its own in the early 1900s with plans to transform it into a garden suburb.
Following subdivision of the McDougall land in the 1920s, Lorn was declared a model residential area in 1927.
This battle-axe allotment is an incredible site that offers savvy buyers the opportunity to create their dream home or an investment property in a sought-after, family-friendly location thats sure to stand the test of time.
You are able to walk across Belmore Bridge to the cafes, transport and shops of the CBD as well as make the most of living close to the Lorn Park Bowls Sports and Recreation Club.
The local Lorn shopping village is also just a leisurely stroll away and offers a range of amenities including a supermarket and post office.
The property itself comes with DA approval for a two-storey dwelling as well as a garage with a granny flat on the second level.
The approved design features a modern take on a period-style cottage that would blend in beautifully with the established architecture of the suburb.
The homestead features a facade highlighting dormer windows and a wraparound verandah.
The floor plan features an open-plan kitchen, dining and living room flowing to an alfresco area as well as a separate media room.
SMS 47Melrose to 0428 166 755 for a link to the on-line property brochure.
Property History for 47 Melrose St, Lorn, NSW 2320
- 24 Nov 2017Sold for $300,000
- 10 Oct 2017Listed for Sale Expressions Of Interest
- 15 Aug 2016Sold for $240,000
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About Lorn 2320
The size of Lorn is approximately 4.6 square kilometres. It has 4 parks covering nearly 2.9% of total area. The population of Lorn in 2011 was 1,263 people. By 2016 the population was 1,350 showing a population growth of 6.9% in the area during that time. The predominant age group in Lorn is 40-49 years. Households in Lorn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lorn work in a professional occupation. In 2011, 79% of the homes in Lorn were owner-occupied compared with 79.2% in 2016.
Lorn has 682 properties. Over the last 5 years, Houses in Lorn have seen a 48.03% increase in median value, while Units have seen a 64.29% increase. As at 31 October 2024:
- The median value for Houses in Lorn is $886,568 while the median value for Units is $497,575.
- Houses have a median rent of $645 while Units have a median rent of $335.
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