OFF MARKET

48 Otway Street
Lorne VIC 3232

Bedrooms: 3
Bathrooms: 1
Car spaces: 5
Floor area: 122m2
Land area: 922m2
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Last updated 16 Sep 2024
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Property Details for 48 Otway St, Lorne

48 Otway St, Lorne is a 3 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 922m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in October 2010.

Building Type
House
Floor Size
122m2
Land Size
922m2
Local Government
Surf Coast
Lot/Plan
1/LP41931

Last Listing description (October 2015)

A striking prominent 3 bedroom weatherboard home with period features, substantial in size and sited on a corner allotment of approximately 900 sqm.
The land is flat in its topography and is orientated to achieve sun every minute of the day! Vehicle access is provided from each of the two street frontages.
Water views over the Stribling Reserve in front and the surrounding bush views are enjoyed from the seaside decking and rear private undercover BBQ area.

The two large living areas will host the largest of families as will the spacious bedrooms. A rear extension and second level (STCA) easily achievable should you desire.
The beach and town amenities are literally two blocks away and easily accessible by foot.
The double lock up garage provides ample storage whilst the fenced rear garden allows for privacy and security when occupying this large open space.
The adjoining property to the rear is also for sale should you seek an even larger land holding or combined development opportunity.

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Property History for 48 Otway St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$1,302,000
26 Oct 2010
  • 12 Oct 2015
    Listed for Sale Not Disclosed
  • 26 Oct 2010
    Sold for $1,302,000
  • 22 Oct 2010
    Listed for Sale 1250000
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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 2,649 properties. Over the last 5 years, Houses in Lorne have seen a 95.56% increase in median value, while Units have seen a 37.41% increase. As at 31 August 2024:

  • The median value for Houses in Lorne is $1,978,015 while the median value for Units is $927,154.
  • 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, 45 properties were sold in the past 12 months in Lorne.

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