Property Details for 131/3 Bay St, Lorne
131/3 Bay St, Lorne is a 1 bedroom, 1 bathroom Unit.
Last Listing description (February 2023)
Located within the well know and ideally located Lorne Bayview motel complex only 100 meters from the Lorne Surf Lifesaving club and main shopping strip!
This freehold, strata title unit offers kitchenette, separate bathroom and light filled bedroom/living space opening to outdoor deck area, one carpark on title, low Owners Corp fees, being sold on a walk in, walk out basis.
Utilise the well-established, onsite management to rent the apartment out or lock up and leave for your own seaside enjoyment.
Property History for 131/3 Bay St, Lorne, VIC 3232
- 06 Jan 2023Listed for Sale Contact Agent
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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 2,635 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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