4/56 Otway StreetLorne VIC 3232
Property Details for 4/56 Otway St, Lorne
4/56 Otway St, Lorne is a 3 bedroom, 2 bathroom Unit and was built in 1990. The property has a land size of 56m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in December 2010.
Last Listing description (July 2023)
Situated only 350m from Lorne's main beach, capturing fantastic ocean views and positioned opposite Stribling Reserve is this neatly presented 3 bedroom, 2 bathroom apartment.
Comprising a 2 bed self contained apartment upstairs with a 1 bed self-contained downstairs. Permanently let one and holiday let the other.
Featuring quality fittings including stone benches, wool carpets, spa bath and split systems, enjoy relaxing with all the creature comforts of home.
Property History for 4/56 Otway St, Lorne, VIC 3232
- 28 Jan 2022Listed for Sale $995,000
- 16 Jan 2012Listed for Sale $619,000
- 09 Dec 2010Sold for $320,000
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0About 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.
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