53 Smith StreetLorne VIC 3232
Property Details for 53 Smith St, Lorne
53 Smith St, Lorne is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1977. The property has a land size of 739m2 and floor size of 222m2. While the property is not currently for sale or for rent, it was last sold in February 2015.
Last Listing description (February 2015)
A UNIQUE MULTI-DIMENSIONAL LANDMARK OPPORTUNITY
Positioned on the exclusive low side of Smith behind Lorne's commercial precinct.
Outstanding uninterrupted outlook over the waves of Louttit Bay and behind.
Substantial two storey 5 bedroom brick residence offering enormous flexibility for large/multiple families.
Second separate self-contained unit plus garden bungalow further enhance the opportunity.
Zoned Residential 1 with the tourist development overlay the site offers a prime redevelopment opportunity.
Direct laneway access to Mountjoy Parade and the main beach expose all of Lorne by foot.
Additional feature/s - close to schools.
Property History for 53 Smith St, Lorne, VIC 3232
- 06 Feb 2015Sold for $1,200,000
- 13 Dec 2014Listed 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 2,660 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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