219B/35 Mountjoy ParadeLorne VIC 3232
Property Details for 219b/35 Mountjoy Pde, Lorne
219b/35 Mountjoy Pde, Lorne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1998.
Last Listing description (February 2016)
Located within the Mantra Beachfront Resort, this large and spacious studio apartment is a must have for any beach lover. Its prime position gives you easy access to Lorne s shopping strip and is seconds from the beach. The apartment comes completely furnished and can sleep up to 4 people. Owners have full use of the facilities, including the tennis courts, pool and gym for 8 weeks of the year. The net income for this apartment is roughly $3,500 per annum, giving a 5.8% return (approx), a sunny investment opportunity at an amazing price. With approximately 35 years remaining on this leasehold and highly motivated vendors you can t go wrong.
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Property History for 219b/35 Mountjoy Pde, Lorne, VIC 3232
- 13 Aug 2015Listed for Sale Not Disclosed
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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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