1/59 Great Ocean RoadLorne VIC 3232
Property Details for 1/59 Great Ocean Rd, Lorne
1/59 Great Ocean Rd, Lorne is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces. The property has a floor size of 80m2.
Last Listing description (November 2016)
Outstanding ocean, beach and Lorne pier views are enjoyed throughout this free standing townhouse.
Part of a 4 unit complex built in the late 1970 s, the structure is brick and very solid. Original d cor prevails, lending itself to a superficial makeover, should you desire. (Paint, carpet, bathroom renovation).
Comprising 2 bedrooms, 1 bathroom, open plan living and 3 separate deck/paving outdoor areas. Excellent storage also exists underneath as does under cover car parking.
Minimal body corp fees, permanent or holiday rental capability and low maintenance, makes this an ideal coastal investment property.
Property History for 1/59 Great Ocean Rd, Lorne, VIC 3232
- 30 Sep 2016Listed for Sale Not Disclosed
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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 2,658 properties. Over the last 5 years, Houses in Lorne have seen a 81.55% increase in median value, while Units have seen a 23.08% increase. As at 31 October 2024:
- The median value for Houses in Lorne is $1,962,636 while the median value for Units is $947,506.
- Houses have a median rent of $725 while Units have a median rent of $1,029.
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