OFF MARKET

34 Otway Street
Lorne VIC 3232

Bedrooms: 5
Bathrooms: 3
Car spaces: 4
Floor area: 214m2
Land area: 435m2
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Property Details for 34 Otway St, Lorne

34 Otway St, Lorne is a 5 bedroom, 3 bathroom House with 4 parking spaces and was built in 2000. The property has a land size of 435m2 and floor size of 214m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
House
Year Built
2000
Floor Size
214m2
Land Size
435m2
Local Government
Surf Coast
Lot/Plan
12/LP2227

Last Listing description (December 2021)

Location is the key to this central Lorne offering! Leave the car at home and walk to all Lorne has on offer. This family favourite boasts the flexibility of separate family living zones on both levels.

Upper level comprises of light filled, open plan kitchen, living, dining area incorporating wood fire heater, plenty of natural light, all opening to expansive timber deck with the convenience of covered space. 3 bedrooms, 2 bathrooms (Master suite with ensuite).

Lower level, which is separately metered and currently renting on a permanent basis of $350 per week, boasts 2 bedrooms, central bathroom, with open plan kitchen, living and dining area.

34 Otway is one for the larger family or investment savvy!

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Property History for 34 Otway St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$1,690,000
23 Dec 2021
Listed for Rent
$340/w
25 Feb 2016
  • 23 Dec 2021
    Sold for $1,690,000
  • 09 Nov 2021
    Listed for Sale Contact Agent
  • 09 Jul 2020
    Listed 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 2,635 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.
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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