SOLD
Sold on 02 Feb 2024 for $1,720,000

4/256-260 Mountjoy Parade
Lorne VIC 3232

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 126m2
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Great Ocean Road Real Estate Lorne
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Property Details for 4/256-260 Mountjoy Pde, Lorne

4/256-260 Mountjoy Pde, Lorne is a 3 bedroom, 2 bathroom Unit and was built in 2001. The property has a floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom Unit sold in Lorne in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
126m2
Local Government
Surf Coast
Lot/Plan
4/PS429825

Last Listing description (March 2024)

Located prominently on Lorne's prestigious north-facing oceanfront, this ground floor three-bedroom, two bathroom apartment offers an abundance of natural light and an airy atmosphere.
Enjoy an unobstructed and breathtaking ocean and coastal view. Open-plan kitchen, living, and dining area capitalizes on the stunning vista, and the apartment offers internal atrium and convenient front and rear access, along with off-street parking.
Situated in the tightly held and highly sought-after Kalimna Terrace apartment complex, this residence stands out with its low owner's corporation fees and potential for strong rental income. Arguably one of the finest "lock and leave" opportunities on Lorne's esteemed front row.

Property History for 4/256-260 Mountjoy Pde, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$1,720,000
02 Feb 2024
  • 02 Feb 2024
    Sold for $1,720,000
  • 19 Jan 2024
    Listed for Sale Not Disclosed
  • 18 Mar 2000
    Sold for $489,500
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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 2,660 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.
There are currently 3 properties listed for sale, and no properties listed for rent in Lorne on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Lorne.

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