OFF MARKET

79A Otway Street
Lorne VIC 3232

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 439m2
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Property Details for 79a Otway St, Lorne

79a Otway St, Lorne is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 439m2. While the property is not currently for sale or for rent, it was last sold in January 2017.

Building Type
House
Land Size
439m2
Local Government
Surf Coast
Lot/Plan
2/PS336956

Last Listing description (March 2017)

Panoramic views along Lorne beach across to Aireys Inlet Lighthouse and the iconic Great Ocean Road in between. A truly spectacular expansive vista!
The double storey 3 bedroom, 2 bathroom house has a large double garage, new decking on each level and recently upgraded floor surfaces.
Sited on a compact allotment of 420sqm (approx) with a low maintenance garden, brilliant access into the home and a north east orientation providing sun all day.

A very central location being 550 metres to Lorne s shopping strip and beach.
A flexible floor plan and ample space is available in the existing footprint to create a second living area up top and develop the internal space of the garage area STCA.
A brilliant holiday rental proposition.

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Property History for 79a Otway St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$1,105,000
27 Jan 2017
  • 27 Jan 2017
    Sold for $1,105,000
  • 26 Oct 2016
    Listed for Sale Not Disclosed
  • 07 Feb 2011
    Sold for $1,025,000
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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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