SOLD
Sold on 06 Mar 2024 for $3,210,000

5 Bay Street
Lorne VIC 3232

Bedrooms: 3
Bathrooms: 3
Car spaces: -
Land area: 777m2
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Sold By
Great Ocean Road Real Estate Lorne
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Property Details for 5 Bay St, Lorne

5 Bay St, Lorne is a 3 bedroom, 3 bathroom House. The property has a land size of 777m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Lorne in the last 12 months.

Building Type
House
Land Size
777m2
Local Government
Surf Coast
Lot/Plan
1/TP522336

Last Listing description (April 2024)

Welcome to this meticulously renovated coastal retreat, ideally situated in absolute prime central Lorne, just steps away from the beach, Renowned Totti's restaurant, Surf lifesaving club, and the bustling Main Street ? all conveniently accessible by foot.
This coastal beach house offers three bedrooms and three bathrooms, along with two distinct living zones. The open-plan dining area seamlessly connects to a fully renovated and stylishly designed kitchen, showcasing meticulous attention to detail, including restored ornate architraves, sash windows, and weatherboards.
Enjoy breathtaking water views from the large windows in the bedrooms and main living area. This rare gem in the heart of town boasts expansive private, flat, outdoor spaces and off-street parking, making it an exceptional find.

Perfect for larger families, the main living area serves as the focal point, connecting the master bedroom with its ensuite to the south with additional bedroom and second living zone. The carpeted bedrooms are thoughtfully appointed, offering delightful ocean views. Additionally, a second living area provides a perfect retreat option for the extended family.
Step outside to discover the expansive backyard, complete with ground-level decking perfect for al fresco dining, space for 4 legged friends and lock up garage spaces.
Maximise and utilise on the current Surf coast Shire zonings that apply to the 777sqm allotment, being zoned under Design and Development overlay (DD04), Tourist Accommodation Precinct. Please call for a property information memorandum for more information.

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Property History for 5 Bay St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$3,210,000
06 Mar 2024
  • 06 Mar 2024
    Sold for $3,210,000
  • 06 Dec 2023
    Listed for Sale Not Disclosed

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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 2,680 properties. Over the last 5 years, Houses in Lorne have seen a 63.44% increase in median value, while Units have seen a 40.82% increase. As at 31 January 2025:

  • The median value for Houses in Lorne is $1,892,556 while the median value for Units is $1,113,160.
  • Houses have a median rent of $683 while Units have a median rent of $550.
There are currently 5 properties listed for sale, and no properties listed for rent in Lorne on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Lorne.

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