{"id":37488,"date":"2021-02-04T08:53:13","date_gmt":"2021-02-03T22:53:13","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/lorne-beach-shack-and-bungalow-sell-for-4-85-million\/"},"modified":"2021-02-04T09:12:18","modified_gmt":"2021-02-03T23:12:18","slug":"lorne-beach-shack-and-bungalow-sell-for-4-85-million","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/real-estate\/lorne-beach-shack-and-bungalow-sell-for-4-85-million\/","title":{"rendered":"Lorne beach shack and bungalow sell for $4.85 million"},"content":{"rendered":"

There is no holding back the Lorne property market as one of the town\u2019s old timers achieved $4.85 million at auction last week, smashing the reserve by $1.45 million.<\/p>\n

The property at 122 Mountjoy Parade came to market for the first time in 34 years, and was a much-loved original beachside residence and self-contained flat that sits on an absolute blue-chip allotment of just over a quarter acre with mesmerising views of Louttit Bay and the entire coastline.<\/p>\n

Great Ocean Road Real Estate<\/a> director Ian Stewart said the retro beachfront home was positioned in arguably the best position on Lorne\u2019s Golden Mile.<\/p>\n

\"\"
212 Mountjoy Parade achieved $4.85 million at auction last week, smashing the reserve by $1.45 million.<\/figcaption><\/figure>\n

\u201cNestled below towering blue gums that give way to an expansive opening allowing an uninterrupted ocean experience, this property has been admired by many for generations,\u201d Mr Stewart said.<\/p>\n

\u201cWith the Lorne surfing point in full view, and the sound and smell of the ocean being an absolute highlight, it\u2019s no wonder the property achieved such a fantastic result.<\/p>\n

\u201cThe enquiry was amazing and with hundreds in attendance, the bidding quickly saw the property on the market at $3.4million with five active bidders pushing the price well beyond $4million.<\/p>\n

\u201cThe new owners, who are already part of the Lorne community, are planning to move down the hill to this absolute beachfront property.\u201d<\/p>\n

According to CoreLogic data, the current median house price for Lorne is $1,477,500 which has seen a massive increase of $700,000 from 2016.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

There is no holding back the Lorne property market as one of the town\u2019s old timers achieved $4.85 million at auction last week, smashing the reserve by $1.45 million. The property at 122 Mountjoy Parade came to market for the first time in 34 years, and was a much-loved original beachside residence and self-contained flat […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":29,"featured_media":37489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-37488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nLorne beach shack and bungalow sell for $4.85 million - Geelong Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/real-estate\/lorne-beach-shack-and-bungalow-sell-for-4-85-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lorne beach shack and bungalow sell for $4.85 million - Geelong Times\" \/>\n<meta property=\"og:description\" content=\"There is no holding back the Lorne property market as one of the town\u2019s old timers achieved $4.85 million at auction last week, smashing the reserve by $1.45 million. 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