SOLD
Sold on 13 Nov 2023 for $439,000

4/3 Bay Street
Lorne VIC 3232

Bedrooms: 1
Bathrooms: -
Car spaces: -
Land area: 11m2
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Property Details for 4/3 Bay St, Lorne

4/3 Bay St, Lorne is a 1 bedroom, bathroom Unit 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 November 2023. There are other 1 bedroom Unit sold in Lorne in the last 12 months.

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

Property History for 4/3 Bay St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$439,000
13 Nov 2023
  • 13 Nov 2023
    Sold for $439,000
  • 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 2,635 properties. Over the last 5 years, Houses in Lorne have seen a 75.10% increase in median value, while Units have seen a 48.66% increase. As at 30 September 2024:

  • The median value for Houses in Lorne is $2,005,665 while the median value for Units is $954,897.
  • 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, 47 properties were sold in the past 12 months in Lorne.

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