5 Babington LaneLorne VIC 3232
Property Details for 5 Babington Lane, Lorne
5 Babington Lane, Lorne is a 3 bedroom, 1 bathroom House and was built in 1955. The property has a land size of 640m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in November 2012.
Last Listing description (May 2007)
Cherry Tree Charm
Located in a peaceful, secluded setting is this rustic 3 bedroom cottage set on 648 sqm of land. Comprising of 3 bedrooms, 1 bathroom, open plan kitchen/living/dining with polished floorboards and Coonara fire.
The property is currently used as a getaway cottage with a strong rental history.
Property History for 5 Babington Lane, Lorne, VIC 3232
- 01 Nov 2012Sold for $480,000
- 15 Dec 2006Listed for Sale $490,000
- 01 Jun 1986Sold for $80,000
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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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