Property Details for 125/3 Bay St, Lorne
125/3 Bay St, Lorne is a 1 bedroom, 1 bathroom Unit.
Last Listing description (February 2024)
OUTSTANDING LEISURE/INVESTMENT OPPORTUNITY
Located 100m from Lorne's main shopping strip, vibrant foreshore and iconic beach? you can't get any closed to the action!
We are selling two apartments owned by one extended family that are all separately titled providing you excellent flexibility.
They can be sold individually to three different buyers or indeed all three units can transact to one purchaser.
Part of the "Lorne Bay View" complex which has onsite management to adopt if you choose to or indeed the capability of individually holiday renting your apartment yourself should you desire. Some excellent rental returns have been achieved over a long period of time by the current rental manager.
They are immaculately presented apartments featuring outdoor decks, split system heating/cooling, spa baths, well appointed kitchenettes, stylish bathrooms and car parking on title.
An affordable entry point opportunity.
106 - $469,000
125 - $399,000
Property History for 125/3 Bay St, Lorne, VIC 3232
- 07 Dec 2023Listed for Sale Not Disclosed
Recent sales nearby
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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 2016 was 1114 people. By 2021 the population was 1327 showing a population growth of 19.1% 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 2021, 70.10% of the homes in Lorne were owner-occupied compared with 65.00% in 2016.
Lorne has 2,696 properties. Over the last 5 years, Houses in Lorne have seen a 27.37% increase in median value, while Units have seen a 60.36% increase. As at 30 November 2025:
- The median value for Houses in Lorne is $1,731,370 while the median value for Units is $956,431.
- Houses have a median rent of $650 while Units have a median rent of $500.
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