925 Erskine Falls Road, Lorne, VIC 3232 sold on 09 May 2025 | OnTheHouse
SOLD
Sold on 09 May 2025 for $2,887,500

925 Erskine Falls Road
Lorne VIC 3232

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Land area: 686000m2
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Property Details for 925 Erskine Falls Rd, Lorne

Building Type
Rural
Land Size
686000m2
Local Government
Surf Coast
Lot/Plan
6/LP202073

Last Listing description (May 2025)

>> UNDER OFFER <<

This iconic property will drum up plenty of attention!

A short drive above the coastal township of Lorne on Erskine Falls Road, the 68* hectare / 169* acre, former "Falls Festival" site, consists of 3 lots & 6 titles. Lot 3, the largest parcel located at 985 Erskine Falls Road, was the central hub for the iconic "Falls Festival", the summer music festival pilgrimage that often attracted and housed over 15,000* patrons across multiple days.

Prior to the festival, the property was historically operated as a dairy farm and is currently used to agist livestock, mostly sheep.

Combined, lot 1 through to lot 3 (the main and former "Falls Festival" site) measures 68.55* hectares with 1,004* metres of Erskine Falls Road frontage. The property sits within the Surf Coast Shire jurisdiction and is zoned Rural Conservation (RCZ).

From the road, the property is orientated to the south and has a gentle fall toward the Otway Forest and rear boundary. A picturesque setting, the front portion of the property is cleared and houses most of the site's infrastructure. The southern portion of the property is dissected by the tree-lined and spring fed, Cora Lynne Creek. Overall, the property has a wonderful balance of arable, cleared land and tranquil native forest.

A significant parcel of land measuring 59.01* hectares, lot 3, the former "Falls Festival" site has an even balance of gently undulating cleared land, combined with tranquil Otway Forest vegetation. The property slopes gradually toward the south, with the Otway Forest as a backdrop.

The central hub for the former "Falls Festival", lot 3 includes a significant amount of supporting infrastructure including:

A 3-bedroom Manager's cottage with an ensuite to the main bedroom, open plan kitchen and living area with an elevated view across the rear of the property toward the Otway Forest.
A plant and equipment shed complex with 2 enclosed sheds and 2 open bay sheds.
Offices suites plus plumbed male and female toilets and shower cubicles.
A large purpose-built stage.
A new 25m* x 12m* shed with concrete floor.
Decommissioned toilet and shower sites across the property.
Decommission all-weather power points across the property.
3 phase power to the property.
Numerous smaller outbuildings and storage facilities.

Lot 2 is a blank canvas with 203* metres of road frontage and measuring 4.34ha* (formally identified as Lot 5 LP202073M), the front portion of the allotment is cleared and has a gradual fall toward the Otway Forest. Sheltered by the Otway Forest along a portion of the eastern and rear boundaries, the property is very private.

Lot 1 is another blank canvas with 180* metres of road frontage and measuring 5.19ha*, formally identified as Lot 6 LP202073M, the front portion of the allotment is cleared and has a gradual fall to the south toward the Otway Forest. Also sheltered by the Otway Forest along the eastern and rear boundaries, the property is extremely private.

Both lots were formally used as a camp site to house patrons attending the Falls Festival.

With the entire site (and each of the individual lots) benefiting from direct gate access to Erskine Falls Road and grid electricity, the property may be suitable for a number of purposes (STCA) including;

The construction of single dwelling (on lot 1 & lot 2).
Group accommodation / host farm.
The use of land for a carnival.
Informal outdoor recreation.

Located within the Surf Coast Shire, southwest of Melbourne along Victoria's popular Great Ocean Road, the Lorne and Great Ocean Road tourist route attracts more than 7^ million visitors annually.

The 2021 ABS Census recorded Lorne's permanent population at 1,248 residents. Over the summer holiday period the township's population grows four-fold, underpinned by events including the annual Lorne "Pier to Pub" open water swim, with more than 5,200 entrants in 2025.

In 2024 the township of Lorne recorded a median residential price point of $1,855,000^. According to PriceFinder.com.au, the lowest value recorded residential transaction for 2024 was $508,333, the highest value recorded transaction was $5,200,000.

Lorne - 9km*, 10 minutes
Apollo Bay - 53km*, 63 minutes
Geelong - 84km*, 70 minutes
Melbourne - 131km*, 97 minutes

Suitable for a myriad of applications, purchasers may submit offers on individual LOTS or the entire "Falls" site.

For further information or to inspect the property, please contact Jason Hellyer on 0403 043 571 or Davina Pickles on 0409 139 341.

*Approximately. ^Deloitte (Access Economics, Great Ocean Road Report 2020), PriceFinder.com.au, ABS Census 2021, BOM Weather Statistics (Lorne Post Office).

Property History for 925 Erskine Falls Rd, Lorne, VIC 3232

A timeline of how this property has performed in the market
Last Sold
$2,887,500
09 May 2025
  • 09 May 2025
    Sold for $2,887,500
  • 18 Nov 2024
    Listed for Sale UNDER OFFER - Contact Agent
  • 01 Jan 2003
    Transferred
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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 33.42% increase in median value, while Units have seen a 24.99% increase. As at 31 December 2025:

  • The median value for Houses in Lorne is $1,848,762 while the median value for Units is $1,007,422.
  • Houses have a median rent of $650 while Units have a median rent of $490.
There are currently 8 properties listed for sale, and no properties listed for rent in Lorne on OnTheHouse. According to Cotality's data, 65 properties were sold in the past 12 months in Lorne.

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Ray White Rural Victoria
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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.