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Overview
This spacious one-bedroom studio apartment is positioned on the first level of the Princess Louise Building, offering scenic views of the township to the south-west. It presents an excellent opportunity to enter the Lorne property market, providing a reliable rental return. The apartment benefits from full access to all resort amenities, located centrally within the township. It is conveniently within easy walking distance to the beach, shops, and restaurants, making it ideal for lifestyle and investment purposes.
The layout includes a large open-plan lounge and living area, complemented by a bathroom, balcony, and dedicated car space. This apartment is a leasehold with 25 years remaining on the current lease, allowing the owner to occupy the property for up to eight weeks annually. The property's position within a respected resort community enhances its appeal, offering a blend of comfort, convenience, and potential income generation.
The apartment's location in Lorne grants residents easy access to a variety of local eateries, entertainment, and community services, ensuring a well-rounded living experience. With a combination of thoughtful design and strategic location, this property is suited to those seeking a lifestyle change, holiday accommodation, or a solid investment in one of Victoria's attractive coastal townships.
Local Market Insights
In Lorne, Quiet Listings observed 24 new apartments entering the market over the last 30 days, with an average advertised asking price of $407,208. The property type mix of listed properties is predominantly Apartments at 65%, followed by houses (25%), and units (8%). Smyth Real Estate was the most active agency in this area, representing 94.7% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Lorne VIC 3232
Market Insights for Lorne VIC 3232
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
