3/56 Otway StreetLorne VIC 3232
Property Details for 3/56 Otway St, Lorne
3/56 Otway St, Lorne is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1998. The property has a land size of 86m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom Unit sold in Lorne in the last 12 months.
Property History for 3/56 Otway St, Lorne, VIC 3232
- 12 Apr 2024Sold for $385,625
- 10 Jan 2016Sold for $430,000
- 05 Feb 2010Listed for Rent - Price not available
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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 2,649 properties. Over the last 5 years, Houses in Lorne have seen a 95.56% increase in median value, while Units have seen a 37.41% increase. As at 31 August 2024:
- The median value for Houses in Lorne is $1,978,015 while the median value for Units is $927,154.
- Houses have a median rent of $725 while Units have a median rent of $1,029.
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