2/20 Otway StreetLorne VIC 3232
Property Details for 2/20 Otway St, Lorne
2/20 Otway St, Lorne is a 3 bedroom, 2 bathroom Unit with 5 parking spaces and was built in 2000. The property has a land size of 221m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
Last Listing description (December 2019)
Situated within effortless access to everything Lorne has to offer and comprising 3 bedrooms, 2 bathrooms this low maintenance townhouse is one of two. The open plan kitchen dining lounge area flows onto a large balcony with a pleasant leafy outlook and ocean horizon views and a coastline view to Aireys Lighthouse. A large common property provides a sense of space and privacy with the attraction of multiple off-street parking. A rear terrace provides a secure area for four legged family members and a place to bask in afternoon sun. A huge benefit to the property is the external "bunk room" located at the rear of the garage which also lends itself to being converted to a second living zone (STCA). The envious location of this property lends itself to becoming a popular holiday let if that's of interest to the new owner.
Property History for 2/20 Otway St, Lorne, VIC 3232
- 14 Dec 2019Sold for $1,100,650
- 06 Dec 2019Listed for Sale $1,045,000
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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 2,660 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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