42 Otway StreetLorne VIC 3232
Property Details for 42 Otway St, Lorne
42 Otway St, Lorne is a 4 bedroom, 3 bathroom Unit. The property has a land size of 808m2 and floor size of 214m2.
Last Listing description (December 2018)
Now is your chance to take advantage of this fantastic opportunity at an enviable street address and secure two dwellings with a current rental return.
42A and 42 Otway Street is a unique property situated on one title (of 808sqm) with two fully self-contained units achieving strong current rental incomes. The opportunities are endless for you as the owner whether it is long term or holiday rental, somewhere for you to get away or perhaps you'd like to make a sea change.
If this sounds like what you've been looking for, check out the unit features below:
- Located at the front of the block
- Three bedrooms all with built in robes
- Updated kitchen
- Combined bathroom and laundry
- Reverse cycle unit for year round comfort
- Deck perfect for summer BBQs and entertaining
- Currently leased at $315pw
42 Otway Street
- One bedroom full of natural light with walk in robe and ensuite
- Open plan kitchen, dining and living
- Wood fire for the perfect heat and ambiance plus reverse cycle unit
- Polished floorboards throughout
- Treetop views from the surrounding deck
- Second bathroom combined with laundry
- Single car carport
Home to the local Lorne Dolphins football and netball club, the annual Pier to Pub, Mountain to Surf and the P-12 College, there is something for everyone.
Whether you're into the arts at the Great Ocean Road Heritage Centre, you're a foodie and looking for a new place to try, staying the night and need accommodation, you want to explore the 10 waterfalls within 10km, looking for a picnic spot or you've even come for the surf, the small coastal town of Lorne has plenty on offer for everyone.
Located between Aireys Inlet and Wye River, only 65.3km from Geelong or two hours from Melbourne, Lorne is the ideal spot to own your very own piece of paradise along the iconic Great Ocean Road.
Located within walking distance to everything Lorne has to offer, why wait? Now is the perfect time.
Property History for 42 Otway St, Lorne, VIC 3232
- 19 Jun 2018Listed for Sale $840,000 - $870,000
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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.
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