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105/3 Bay Street, Lorne$395,000

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For Saleapartment

105/3 Bay Street

Lorne, VIC 3232, Australia

$395,000

1 bed 1 bath 1 car

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About this property

Positioned 100 m from the Lorne Lifesaving Club (main beach) and even closer to the vibrant shopping/restaurant precinct of Lorne. You can't get any closer! A unique holiday investment opportunity is provided in the sale of this freehold apartment in the 'Bay View' complex. Great flexibility with the option to holiday let or lock and leave as your weekender. Unfortunately, you cannot live here permanently. The apartment has a fantastic view of Louttit Bay and is in great condition having recently undergone a cosmetic update including new furniture package. The apartment is being sold fully furnished with strong holiday rental returns. Features include balcony, reverse cycle heating/cooling, spa bath, well-appointed kitchenette, stylish bathroom, carpark on title and ground level entry.

Property Details

Property Type: apartment
Listing Type: For Sale
Bedrooms: 1
Bathrooms: 1
Parking: 1
Listed: 3 months ago

Repayment calculator

$1,915/month

$957 /fortnight

Loan $316,000 at 6.10% over 30 years

Upfront costs

Deposit$79,000

Stamp duty$18,770

Conveyancing (est.)$2,000

Total upfront$99,770

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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Lorne

This 1-bedroom apartment in Lorne, VIC 3232 sits within reach of public transport, local shops and nearby schools. It is listed 71% below the $1.34m median of 68 comparable apartmentswithin 5 km.

Schools near Lorne

Lorne P-12 Collegecombined · Prep-12 · CoEd

What's nearby

Lorne Hotel/Great Ocean Rd (bus) — 68 m away
Sharkys — 146 m away
Unnamed — 270 m away
Unnamed — 557 m away
Queens Park — 722 m away

Lorne at a glance

Full suburb profile

Population: 1,327
Median age: 56
Household income: $1,525/wk
Median rent: $363/wk
Median mortgage: $2,167/mo

Source: ABS Census.

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