2/14 Summerhills Ave, Lorne is a 3 bedroom, 2 bathroom Unit with 3 parking spaces and was built in 1995. The property has a land size of 453m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in September 2019.
Situated on a compact 453 sqm block yet still very private and boasting an amazing 180 degree panoramic ocean/Lorne township view. A quality view enjoyed throughout the kitchen/living, master bedroom and sundeck.
Also comprising 3 bedrooms, 2 bathrooms (ensuite to master), single carport with second car space, separate laundry and excellent internal/external storage.
The property has been recently renovated and has a solid holiday rental return over 5 years. We can sell walk in walk out making the transition to personal use or continued rental an easy option.
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:
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