Property Details for 105/3 Bay St, Lorne
105/3 Bay St, Lorne is a 1 bedroom, 1 bathroom Unit.
Last Listing description (January 2023)
Positioned 100m from Lorne Surf Club (Lorne Beach) and even closer to the vibrant shopping/restaurant precinct of Lorne, you can't get much more central!
A unique holiday investment opportunity is provided in the sale of this freehold (strata title) apartment in the Lorne Bay View complex. Offering great flexibility with the option to holiday let through the on-site property manager or lock and leave as your weekender.
Boasting magnificent views of the ocean, beach and coastline from the private sundrenched balcony, this low maintenance apartment is in fantastic condition and is being sold fully furnished.
With strong historical annual returns, a welcome addition to any portfolio.
Features include private balcony with stunning views, split system heating/cooling, well-appointed kitchenette with fridge and microwave, stylish bathroom with spacious spa bath, carpark on title and ground level entry.
Property History for 105/3 Bay St, Lorne, VIC 3232
- 02 Dec 2022Listed for Sale $480,000
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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 2,658 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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