89 Otway StreetLorne VIC 3232
Property Details for 89 Otway St, Lorne
89 Otway St, Lorne is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1980. The property has a land size of 637m2 and floor size of 209m2. While the property is not currently for sale or for rent, it was last sold in September 2012.
Last Listing description (April 2017)
Otway National Park is located 30 metres from the front door providing a stunning blue gum vista and amazing privacy.
This sprawling 4 bedroom 2 bathroom home has great separation for family members and is situated only 1 km approx. from the beach and all town amenities.
The living room has expansive ceiling to floor timber framed windows capturing the surrounding views plus a second living zone, complete with a glass ceiling, enjoys a unique indoor/outdoor living experience.
Features include timber flooring, large bedrooms, wood heater, split system, ducted heating, well-appointed kitchen/bathrooms and ample storage.
Currently set up as a holiday rental with the prospects to negotiate on a walk in walk out basis.
Property History for 89 Otway St, Lorne, VIC 3232
- 30 Jan 2017Listed for Sale $795,000
- 26 Sep 2012Listed for Sale $695,000
- 14 Sep 2012Sold for $695,000
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0About 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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