28 Otway StreetLorne VIC 3232
Property Details for 28 Otway St, Lorne
28 Otway St, Lorne is a 6 bedroom, 3 bathroom House with 6 parking spaces and was built in 1980. The property has a land size of 506m2 and floor size of 260m2. While the property is not currently for sale or for rent, it was last sold in May 2017.
Last Listing description (May 2017)
This spacious family holiday home is perfectly positioned offering an effortless stroll into the heart of Lorne. Situated on a flat 500 sqm allotment. Upstairs comprises 3 bedrooms, 1 bathroom, open plan kitchen dining lounge area which opens onto the expansive deck, with a lovely treed outlook. Downstairs features a 2 bedroom, 1 bathroom self-contained area with separate lounge and galley style kitchenette. Ample storage for all the beach gear and toys and an abundance of off street parking completes the package.
Property History for 28 Otway St, Lorne, VIC 3232
- 20 May 2017Sold for $875,000
- 01 Mar 2017Listed for Sale Not Disclosed
- 12 Nov 2009Sold for $845,000
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About 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 2,635 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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