6/5 Cora Lynn CourtLorne VIC 3232
Property Details for 6/5 Cora Lynn Ct, Lorne
6/5 Cora Lynn Ct, Lorne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 28659m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in February 2017.
Last Listing description (March 2017)
Fully renovated with expansive ocean views nestled in the Otway ranges only 5 minutes from Lorne.
This freehold titled, two bedroom cottage is an ideal investment and lifestyle property. You can have the option of attractive rental returns as well as enjoying a peaceful setting surrounded by nature and native birdlife should you choose.
The owners corporation has recently passed a special resolution where the owner can manage their own property offering flexibility not normally available under properties associated with management rights. You also have the option of working with a manager to handle holiday letting and maintenance of the properties.
Property History for 6/5 Cora Lynn Ct, Lorne, VIC 3232
- 20 Feb 2017Sold for $250,000
- 25 Jan 2017Listed for Sale Not Disclosed
- 08 May 2007Transferred
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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.
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