2/3 Otway StreetLorne VIC 3232
Property Details for 2/3 Otway St, Lorne
2/3 Otway St, Lorne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2000. The property has a land size of 121m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in November 2014.
Last Listing description (November 2014)
DOWN TOWN AT YOUR DOOR STEP !
A stunning example of superior quality and design, this vibrant townhouse is located in the heart of the township, and only minutes to beach and shops.
North west aspect allows an abundance of sun and light through the property on a day to day basis. A comfortable and private townhouse, comprising spacious open plan design with modern kitchen, three bedrooms, two bathrooms, separate laundry, garage and a sun soaked deck.Also with courtyard garden at rear of property. Inspection will delight.
Property History for 2/3 Otway St, Lorne, VIC 3232
- 02 Nov 2014Sold for $545,000
- 18 Oct 2014Listed for Sale 575000
- 12 Mar 2008Sold for $540,000
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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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