94 Otway StreetLorne VIC 3232
Property Details for 94 Otway St, Lorne
94 Otway St, Lorne is a 3 bedroom, 2 bathroom Unit and was built in 1975. The property has a land size of 475m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (December 2022)
A unique "U Shape" design home with a large open plan kitchen dining lounge area opening onto a north facing deck capturing year round sun and a serene treed outlook. The home comprises three bedrooms, two bathrooms with a huge rumpus room. The compact title of 475 sqm is relatively flat with lovely landscaping and secure yard.
Further features; timber flooring, a well-appointed kitchen, "Chiminee Phillippe" wood fire, reverse cycle heating/cooling, large and secure under house storage and effortless access to the home.
Surprisingly the house is approximately 700m to the centre of town making everything required within walking distance and 500m to Lorne's famous Mountain to Surf track.
A fantastic beach house or permanent home, secure now and enjoy for summer!
Property History for 94 Otway St, Lorne, VIC 3232
- 06 Dec 2022Sold for $1,600,000
- 01 Oct 2022Listed for Sale $1,595,000
- 05 Mar 2018Sold for $710,000
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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 2,635 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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