SOLD
Sold on 06 Nov 2023 for $1,087,500

1/13 Lorne Avenue
Lorne VIC 3232

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 99m2
Land area: 214m2
Sold By
Karen Stribling
Great Ocean Road Real Estate Lorne
Michael Coutts
Great Ocean Road Real Estate Lorne
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Property Details for 1/13 Lorne Ave, Lorne

1/13 Lorne Ave, Lorne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1992. The property has a land size of 214m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom Unit sold in Lorne in the last 12 months.

Building Type
Unit
Year Built
1992
Floor Size
99m2
Land Size
214m2
Local Government
Surf Coast
Lot/Plan
1/SP30463

Last Listing description (December 2023)

Positioned only 500m from Lorne's main shopping precinct, foreshore and surf beach, this private property is located in one of Lorne's most popular streets. It's the top townhouse of a boutique 3 dwelling development. They are all completely independent of each other on compact 250 sqm allotments and only share a driveway to facilitate access.

Comprising two bedrooms, two bathrooms, (one shared laundry), kitchen/dining, single carport, sun deck, great storage and two split system units over two levels.

The ocean view to the north towards Fairhaven is only enhanced by the towering blue gums in the foreground. A quality view for this price point.

Some recent renovation work has the property presenting in fantastic condition. Over the years, the home has successfully been holiday and permanent rented at different times which will provide you confidence to generate an income if desired.

A perfect low maintenance holiday home option in an amazing highly desirable area of Lorne.

An option can be negotiated to purchase fully furnished and the vendor is flexible on settlement.

Property History for 1/13 Lorne Ave, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$1,087,500
06 Nov 2023
Listed for Rent
$330/w
14 Apr 2016
  • 06 Nov 2023
    Sold for $1,087,500
  • 20 Oct 2023
    Listed for Sale $1,125,000
  • 07 Jun 2022
    Sold for $1,025,000
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About Lorne 3232

The size of Lorne is approximately 104.7 square kilometres. It has 13 parks covering nearly 110.1% of total area. The population of Lorne in 2011 was 1,393 people. By 2016 the population was 1,120 showing a population decline of 19.6% in the area during that time. The predominant age group in Lorne is 60-69 years. Households in Lorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lorne work in a managers occupation. In 2011, 69.4% of the homes in Lorne were owner-occupied compared with 65% in 2016.

Lorne has 2,649 properties. Over the last 5 years, Houses in Lorne have seen a 95.56% increase in median value, while Units have seen a 37.41% increase. As at 31 August 2024:

  • The median value for Houses in Lorne is $1,978,015 while the median value for Units is $927,154.
  • Houses have a median rent of $725 while Units have a median rent of $1,029.
There are currently 2 properties listed for sale, and no properties listed for rent in Lorne on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Lorne.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.