OFF MARKET

72 Otway Street
Lorne VIC 3232

Bedrooms: 5
Bathrooms: 3
Car spaces: 4
Floor area: 320m2
Land area: 535m2
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Last updated 16 Sep 2024
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Property Details for 72 Otway St, Lorne

72 Otway St, Lorne is a 5 bedroom, 3 bathroom House with 4 parking spaces and was built in 2005. The property has a land size of 535m2 and floor size of 320m2. While the property is not currently for sale or for rent, it was last sold in January 1998.

Building Type
House
Year Built
2005
Floor Size
320m2
Land Size
535m2
Local Government
Surf Coast
Lot/Plan
9/LP87723

Last Listing description (July 2021)

Quality built 2 storey residence in the heart of Lorne's blue chip residential precinct enjoying outstanding views of the northern coastline.

The large meticulously cared for 5 bedroom, 3 bathroom, dual living home has everything to suit the largest family or those looking to entertain guests and friends. The floor to ceiling glass, polished timber floors, black granite benchtops and Miele appliances promote and enhance quality coastal comfort.

Large multiple living zones open to spacious outdoor entertaining decks on both levels and these under cover environments add a further dimension to this large practical home. Master bedroom with ensuite and spa, extensive B.I.R's and great space in all bedrooms are a feature of this purpose built multi-lifestyle residence

Reverse cycle heating/cooling, gas log fire, remote controlled lock up garage and a tastefully low maintenance external landscape add the final touch to this quality home.

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Property History for 72 Otway St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$225,000
10 Jan 1998
  • 04 Mar 2021
    Listed for Sale $2,950,000
  • 10 Jan 1998
    Sold for $225,000

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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 2,649 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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