2/56 Otway Street, Lorne, VIC 3232 | Property Value & History | OnTheHouse
OFF MARKET

2/56 Otway Street
Lorne VIC 3232

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 73m2
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Last updated 22 Dec 2025
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Property Details for 2/56 Otway St, Lorne

2/56 Otway St, Lorne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 73m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
Unit
Land Size
73m2
Local Government
Surf Coast
Lot/Plan
2/RP4530

Last Listing description (December 2022)

Location with exceptional proximity to Stribling Reserve, Short stroll to local School, Supermarket and all that Lorne's main street has to offer.
This well-appointed Brick unit comprises of 2 Great sized bedrooms both with BIR.
Dual Bathroom and Laundry.

Main Living space is open plan Kitchen and living area.

The property is suited to quiet minded individuals as it in close proximity to other residence.

Available unfurnished on a 12-month lease.

Property History for 2/56 Otway St, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$825,000
28 Jun 2022
Listed for Rent
$530/w
19 Dec 2022
  • 16 Nov 2022
    Listed for Rent $530 / week
  • 28 Jun 2022
    Sold for $825,000
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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 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 2,698 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.
There are currently 7 properties listed for sale, and no properties listed for rent in Lorne on OnTheHouse. According to Cotality's data, 73 properties were sold in the past 12 months in Lorne.

Suburb Insights for Lorne 3232

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.