8 Gay StreetLorne VIC 3232
Property Details for 8 Gay St, Lorne
8 Gay St, Lorne is a 4 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 1326m2.
Last Listing description (July 2023)
Elevated above Lorne's vibrant Mountjoy Parade and main beach the three bedroom residence provides Lorne's only current dual occupancy opportunity (S.T.C.A.). The solid art deco residence sits well forward to street frontage and presents an eye-catching coastal view that could be further enhanced by another level.
The private rear deck and spacious yard affords all day sunshine and adds another dimension to the living space of the home. The separate sleep out, a perfect teenagers retreat with its own bathroom/toilet facilities, while the large level allotment is one of the last remaining few in Lorne.
Whether it is to use and enjoy as it is, renovate and capitalise or redevelop using the 1300 sqm, this opportunity is a rare Lorne jewel.
Property History for 8 Gay St, Lorne, VIC 3232
- 02 Jun 2023Listed for Rent $675 / week
- 22 Dec 2022Listed for Sale $2,095,000
- 22 Apr 2022Listed for Sale $2,150,000
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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.
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