OFF MARKET

53 Smith Street
Lorne VIC 3232

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 222m2
Land area: 739m2
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Last updated 16 Sep 2024
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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.

Building Type
House
Year Built
1977
Floor Size
222m2
Land Size
739m2
Local Government
Surf Coast
Lot/Plan
6/LP12773

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.

Large allotment of approximately 735sqm with Smith Street and rear lane access.
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.

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Property History for 53 Smith St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$1,200,000
06 Feb 2015
  • 06 Feb 2015
    Sold for $1,200,000
  • 13 Dec 2014
    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 2,649 properties. Over the last 5 years, Houses in Lorne have seen a 95.56% increase in median value, while Units have seen a 37.41% increase. As at 31 August 2024:

  • The median value for Houses in Lorne is $1,978,015 while the median value for Units is $927,154.
  • Houses have a median rent of $725 while Units have a median rent of $1,029.
There are currently 2 properties listed for sale, and no properties listed for rent in Lorne on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Lorne.

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