We had a mini getaway during the school holiday and we stayed at Christine's apartment for 2 nights. We have been to Lorne many times (for workshops, conferences and mini holidays) and we are very familiar with the area.
The apartment's size is perfect for a family of 4 with 2 kids. It is also clean and cosy. Even though it had apartments to the left, to the right and above Christine's apartment, we did not have any issue with noise at all. It may be because we went during winter and some of the apartment blocks are vacant. I am not sure about the noise during busy summer period.
The apartment also has a front area with table and seats (and I think even outdoor Barbecue and some bodyboards as well) that has direct access to the main road that will be fantastic in warmer weather. We did not use the kitchen to cook anything at all, but all utensils and cutleries are available.
The location is perfect - it is walking distance to the beach, Foodworks and just next to the restaurants.
I will certainly return to Christine's apartment in the future if we visit Lorne.