77 Otway Street, Lorne VIC 3232

It is extremely rare to find a Lorne property with so much to offer and so many options. The substantial brick home comprises 4 bedrooms, 3 bathrooms, an open plan kitchen dining lounge area and second living area downstairs. In addition to the double car garage the balcony spans the width of the house taking in the most mesmerising ocean, beach and coastline views. The home could be easily modernised with some cosmetic changes. The position is highly sought after, being only a short walk to town and a northern orientation.

Sounds the business right? Well heres the kicker, the land component of the site is 1426 sqm, with the current home perfectly positioned to allow for a simple subdivision or creation of a second dwelling to suit a large family group or joint ownership.

If that is not enough to tempt you, the site would also suit a new prestige home with the space for a pool or tennis court (STCA).

This one will be hard to beat for flexibility and opportunity.