5 Summerhills AvenueLorne VIC 3232
Property Details for 5 Summerhills Ave, Lorne
5 Summerhills Ave, Lorne is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1984. The property has a land size of 1019m2 and floor size of 245m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Last Listing description (March 2022)
Offers required by 4th April 2022
Capturing the full arc of Louttit Bay all the way to the Lorne Pier, is really what makes this property stand out from the rest. If watching the waves break on the pristine beach below or listening to the sound of the calming ocean from every room is on your wish list, this could be the beach house for you.
Nestled into the north Lorne hillside the position is elevated enough to capture the breath-taking views yet is still only a short stroll to the beach and a flat walk along the beach to the Lorne village shops, cafes and restaurants. This is a genuine strength of the position.
Features include 4 generous bedrooms with built in robes and ocean views. The middle level living area is a light filled open plan with kitchen, dining and lounge flowing seamlessly onto the generous outdoor deck perfect for entertaining with that sensational view as a backdrop. A second living area on the lower level and with its large adjoining oceanside sundeck is the suitable for a myriad of uses ranging from summer entertaining to a teenage hangout.
Set on a substantial 1019sqm (approx.) allotment with levelled usable spaces to the front and rear. Any future owner will dramatically benefit from any future upgrades as the framework is all in place to make it your ideal coastal home.
Property History for 5 Summerhills Ave, Lorne, VIC 3232
- 24 Mar 2022Sold for $2,850,000
- 10 Mar 2022Listed for Sale Contact Agent
- 19 May 2010Sold for $1,125,000
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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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