OFF MARKET

42/4-8 Smith Street
Lorne VIC 3232

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 156m2
Land area: 4078m2
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Last updated 11 Nov 2024
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Property Details for 42/4-8 Smith St, Lorne

42/4-8 Smith St, Lorne is a 4 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2006. The property has a land size of 4078m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in July 2013.

Building Type
Unit
Year Built
2006
Floor Size
156m2
Land Size
4078m2
Local Government
Surf Coast
Lot/Plan
42/PS529430

Last Listing description (July 2013)

Impressive 180 degree ocean and Lorne township views are enjoyed from this exclusive Penthouse apartment.
Four large bedrooms, master with WIR and ensuite, with the other three bedrooms on the west side of the building serviced with another bathroom plus powder room
Beautifully appointed kitchen and bathrooms constructed by reputable development company, Mirvac.

Two secure basement car parks and a storage cage lead directly to lift well access to apartment.
The complex is located one block from the shopping precinct and beach. Alternatively, you can choose to swim in the Chalet pool.
Selling on a walk in, walk out basis and with solid future holiday rental bookings.

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Property History for 42/4-8 Smith St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$990,000
05 Jul 2013
  • 05 Jul 2013
    Sold for $990,000
  • 14 May 2013
    Transferred
  • 02 Sep 2011
    Listed for Sale $1,130,000
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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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