Back 16 Wallace Street
Off Market

16 Wallace Street

Lorne VIC 3232

3
2
2
House
Michael CouttsMichael Coutts, last sold this property on 01 April 2025 after 25 days on market.

Overview

BLACK HEATH

Situated in one of Lorne's most popular north-facing streets soaking up "year round" sun, protection from the prevailing south-west wind and surrounded by the beautiful blue gums. The ocean view across Louttit Bay to Fairhaven and Aireys Lighthouse is also the most far reaching desirable vista the town can offer. The 30 year (approx.) home has 3 bedrooms, 2 bathrooms, laundry, vehicle access 4 steps to the front door and an expansive deck spanning the width of the home. A very light filled relaxing home that will require renovation work in the medium term but certainly a property to keep and work with rather than demolish and re-build. Features include a one level floor plan, timber flooring throughout, wood fire, split system heating/cooling, timber bench tops in the kitchen, a relatively gently sloping block to be easily maintained, undercover car parking and substantial glazing to capture light. Ocean and bush views are enjoyed throughout the home. Overall, a great opportunity to secure an elite location in Lorne at an entry point price.

Features

3 bedrooms
2 bathrooms
2 carspaces
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Lorne over the last 12 months, the estimated median property value of 16 Wallace Street is $1.5m.

Median value
$1.5m
Estimated value range
$1.25m - $2m
Median days on market
82
Estimated value trend
-15%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Lorne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 16 Wallace Street

2025
Rented
Undisclosed
Leased on 06 May 2025 by Great Ocean Road Real Estate Lorne
2025
Sold
Undisclosed
Private Sale/Treaty on 01 Apr 2025 by Michael Coutts, of Great Ocean Road Real Estate Lorne

Happy sellers in Lorne

54%
54% of sellers in Lorne reported that their sale price either exceeded or met their price expectations.

Lorne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Lorne over the last 12 months.

Local market activity for 3 bedroom houses in Lorne

In the last 12 months, 8 three-bedroom houses similar to 16 Wallace Street, have been sold.

This represents a 34% increase in three-bedroom houses sales when compared to the previous 12 months.

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