OFF MARKET

32/3 Bay Street
Lorne VIC 3232

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 11m2
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Last updated 16 Sep 2024
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Property Details for 32/3 Bay St, Lorne

32/3 Bay St, Lorne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1996. The property has a land size of 11m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
Unit
Year Built
1996
Land Size
11m2
Local Government
Surf Coast
Lot/Plan
1/TP968438

Last Listing description (November 2022)

UNIT 30 & 31 NOW SOLD!

Located 100m from Lorne's main shopping strip, vibrant foreshore and iconic beach you can't get any closed to the action!

We are selling three adjoining apartments owned by one extended family that are all separately titled providing you excellent flexibility.

They can be sold individually to three different buyers or indeed all three units can transact to one purchaser. Two of the apartments also have an inter-connecting door arrangement that may suit your needs.

Part of the "Lorne View" complex which has onsite management to adopt if you choose to or indeed the capability of individually holiday renting your apartment yourself should you desire. Some excellent rental returns have been achieved over a long period of time by the current rental manager (Lorneworld).

They are immaculately presented second level apartments featuring outdoor decks, split system heating/cooling, spa baths, well appointed kitchenettes, stylish bathrooms and car parking on title.

An affordable entry point opportunity that will be self-funding due to strong returns.

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Property History for 32/3 Bay St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$379,000
27 Oct 2022
  • 27 Oct 2022
    Sold for $379,000
  • 17 May 2022
    Listed for Sale $379,000 per unit
  • 18 May 2021
    Transferred

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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.
There are currently 2 properties listed for sale, and no properties listed for rent in Lorne on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Lorne.

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