2/56 Otway StreetLorne VIC 3232
Property Details for 2/56 Otway St, Lorne
2/56 Otway St, Lorne is a 2 bedroom, 1 bathroom Unit. The property has a land size of 73m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (December 2022)
Location with exceptional proximity to Stribling Reserve, Short stroll to local School, Supermarket and all that Lorne's main street has to offer.
This well-appointed Brick unit comprises of 2 Great sized bedrooms both with BIR.
Dual Bathroom and Laundry.
The property is suited to quiet minded individuals as it in close proximity to other residence.
Available unfurnished on a 12-month lease.
Property History for 2/56 Otway St, Lorne, VIC 3232
- 16 Nov 2022Listed for Rent $530 / week
- 28 Jun 2022Sold for $825,000
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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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