OFF MARKET

96 Otway Street
Lorne VIC 3232

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Land area: 557m2
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Property Details for 96 Otway St, Lorne

96 Otway St, Lorne is a 4 bedroom, 2 bathroom House with 4 parking spaces and was built in 1960. The property has a land size of 557m2. While the property is not currently for sale or for rent, it was last sold in September 2020.

Building Type
House
Year Built
1960
Land Size
557m2
Local Government
Surf Coast
Lot/Plan
1/PS443235

Last Listing description (September 2020)

Just a short stroll to the main street and beach, this meticulously maintained weather-board embodies the Lorne coastal lifestyle. All on one level and easily accessed, this home features three large bedrooms, master with generous ensuite and walk in robe. The home is bright and airy throughout with a sun filled open plan living featuring bifold doors, opening to a private north facing deck, perfect for alfresco entertaining. Located in a quiet cul de sac with ample parking, direct views of the Otway forest and a resident Koala, this warm and inviting cottage is country living at its best with all the creature comforts.
So much more than a holiday home; this house has been attentively taken care of to tick all the boxes. Sold fully furnished with tasteful and quality decor as well as an 82 Inch Smart TV and inbuilt surround sound system, everything has already been thought of and this home is ready to enjoy!
Currently operating as a hugely popular holiday rental with five star reviews, this property has the potential to earn additional income, with back to back reservations throughout the summer period.

Property History for 96 Otway St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$1,125,000
20 Sep 2020
  • 20 Sep 2020
    Sold for $1,125,000
  • 14 Sep 2020
    Listed for Sale $1,125,000
  • 19 Jul 2007
    Sold for $391,000
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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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