100 Lorimer Street Crib Point VIC 3919
100 Lorimer Street Crib Point VIC 3919
2-3 bed flexible layout | generous 808mΒ² allotment | quiet country-style locale | light-filled interior
This house presents a competitively strong proposition through its flexible accommodation and substantial landholding within a relaxed setting. The configuration, whether as two bedrooms plus a study or three bedrooms, offers adaptability for a growing family or a professional working from home. Its generous outdoor space on a large block is a relative rarity and provides immediate utility and future optionality, serving buyers seeking space over urban density.
The decision hinges on reconciling the bedroom discrepancy through inspection and valuing the land component against local benchmarks. The primary risk is overpaying for an unconfirmed third bedroom; the opportunity lies in securing a below-market rate per square metre for the allotment. Proceed with an offer conditional on building and pest inspections, targeting the lower quartile of the estimated range given the information gaps. A Propcred report would ground your offer in a real market valuation, provide a locality risk audit, and clarify insurance exposures by verifying construction details.
Recent sales on Lorimer Street provide context: 94 Lorimer Street sold for $680,000, while a townhouse at 8/75 Lorimer Street is listed between $595,000 and $640,000. This suggests the subject property’s estimated value band is positioned appropriately for its larger land component compared to the townhouse, yet appears discounted against the recent house sale, highlighting the critical need to assess its condition and layout.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Crib Point offers an affordable coastal lifestyle with strong community appeal, attracting families and owner-occupiers seeking value. Recent house price trends have softened, while the unit market shows notable strength. The rental market is exceptionally tight, indicating solid underlying demand. Future growth is linked to its peaceful setting and connectivity, though its distance from the CBD remains a key consideration for buyers.