Property Details for 102/3 Bay St, Lorne
102/3 Bay St, Lorne is a 1 bedroom, 1 bathroom Unit.
Last Listing description (March 2022)
Positioned 100 m from the Lorne Lifesaving Club (main beach) and even closer to the vibrant shopping/restaurant precinct of Lorne. You can't get any closer!
A unique holiday investment opportunity is provided in the sale of this freehold holiday apartment in the 'Lorne View' complex. Great flexibility with the option to holiday let or lock and leave as your weekender.
The apartment is in great condition being sold fully furnished and boasts strong annual rental returns.
Features include outdoor deck, split system heating/cooling, spa bath, well-appointed kitchenette, stylish bathroom, carpark on title and ground level entry.
Property History for 102/3 Bay St, Lorne, VIC 3232
- 05 Nov 2021Listed for Sale UNDER OFFER
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0About 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 2,660 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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