77 Otway StreetLorne VIC 3232
Property Details for 77 Otway St, Lorne
77 Otway St, Lorne is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 2021. The property has a land size of 1424m2 and floor size of 391m2. While the property is not currently for sale or for rent, it was last sold in February 2018.
Last Listing description (February 2018)
It is extremely rare to find a Lorne property with so much to offer and so many options. The substantial brick home comprises 4 bedrooms, 3 bathrooms, an open plan kitchen dining lounge area and second living area downstairs. In addition to the double car garage the balcony spans the width of the house taking in the most mesmerising ocean, beach and coastline views. The home could be easily modernised with some cosmetic changes. The position is highly sought after, being only a short walk to town and a northern orientation.
Sounds the business right? Well here s the kicker, the land component of the site is 1426 sqm, with the current home perfectly positioned to allow for a simple subdivision or creation of a second dwelling to suit a large family group or joint ownership.
If that is not enough to tempt you, the site would also suit a new prestige home with the space for a pool or tennis court (STCA).
Property History for 77 Otway St, Lorne, VIC 3232
- 28 Jun 2018Listed for Rent - Price not available
- 12 Feb 2018Sold for $1,700,000
- 02 Jan 2018Listed for Sale Not Disclosed
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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 23.68% increase in median value, while Units have seen a 8.69% increase. As at 31 January 2026:
- The median value for Houses in Lorne is $1,771,968 while the median value for Units is $939,279.
- Houses have a median rent of $650 while Units have a median rent of $490.
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