5/5 Cora Lynn CourtLorne VIC 3232
Property Details for 5/5 Cora Lynn Ct, Lorne
5/5 Cora Lynn Ct, Lorne is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 91m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in March 2017.
Last Listing description (March 2017)
Phone enquiry code for this property: 2945 2BR, furnished cottage. The spacious living area opens to a large, elevated deck. 5 minutes to Lorne township and beach. Tranquil location (the noisiest neighbours are the cockatoos). The cottage is one of 11 cottages each privately located on 10 acres abutted to National Park. The view from the deck is over bush and out to the Bass Strait horizon. The common property, which includes a tennis court, is maintained by the owners corporation. Modest fees of approx $80/week covers tree and grass maintenance, roadway and paths and electricity. The cottage is in its 25th year and is in need of updating (hence the near land value of the asking price). The OC is flexible with respect to design changes and examples of what is achievable with a minimum outlay can be seen when you visit. Beach, shopping, local attractions such as the Falls and St. George river, bush walks in winter followed by a warm fire (combustion heater), reverse air warming and cooling. Family holidays. Good rental returns, Lifestyle with no maintenance responsibilities, and renovation adventures. Phone enquiry code for this property: 2945
Property History for 5/5 Cora Lynn Ct, Lorne, VIC 3232
- 20 Mar 2017Sold for $195,000
- 27 Feb 2017Listed for Sale $199,000
- 30 Aug 2016Listed for Sale $245,000 NEGOTIABLE
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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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