FOR SALE
550000 -575000

109 Station Street
Norlane VIC 3214

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 745m2
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Exceptional Land Opportunity with Plans for 3 Townhouses in Norlane, Geelong

Ray White Truganina presents this unique opportunity to acquire a prime land parcel in Norlane, Geelong, including plans and permits for the construction of three modern townhouses. Located just a 2-minute drive from the Spirit of Tasmania Terminal, this property boasts convenience, development potential, and a promising investment opportunity.
Property Details:
• Location: 109 Station Street, Norlane, Geelong, Victoria, 3214
• Land Size: Approx 745 square meters
• Frontage: Approx 15.2 meters
• Depth: Approx 48.9 meters
Features:
• Plans and Permits: This property includes plans and permits for the construction of three contemporary townhouses, making it an ideal choice for developers and investors looking for a hassle-free project.
• Strategic Location: Situated just a 2-minute drive from the Spirit of Tasmania Terminal, this land offers exceptional connectivity for those traveling to and from Tasmania. It's also conveniently located a stone throw away from North Shore Train Station (approx 2 min walk) and close to Geelong's central business district, major highways, shopping centers, and schools.
• Development Potential: The plans for three townhouses open up a world of possibilities. Whether you're looking to complete the project or explore alternative development options (subject to council approval), this property provides a solid foundation for profitable ventures.
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Property Details for 109 Station St, Norlane

Building Type
Land
Land Size
745m2

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About Norlane 3214

The size of Norlane is approximately 5 square kilometres. It has 10 parks covering nearly 8.5% of total area. The population of Norlane in 2011 was 8,011 people. By 2016 the population was 8,316 showing a population growth of 3.8% in the area during that time. The predominant age group in Norlane is 20-29 years. Households in Norlane are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Norlane work in a labourer occupation. In 2011, 48.4% of the homes in Norlane were owner-occupied compared with 43.4% in 2016.

Norlane has 5,433 properties. Over the last 5 years, Houses in Norlane have seen a 32.52% increase in median value, while Units have seen a 25.73% increase. As at 30 November 2024:

  • The median value for Houses in Norlane is $457,060 while the median value for Units is $385,633.
  • Houses have a median rent of $385 while Units have a median rent of $380.
There are currently 22 properties listed for sale, and 16 properties listed for rent in Norlane on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Norlane.

Suburb Insights for Norlane 3214

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Shameel Javed
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Dhaval Mehta
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Ray White Truganina
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.