FOR SALE
$665,000 to $735,000

16-18 Sparks Road
Norlane VIC 3214

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 150m2
Land area: 963m2
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16 & 18 Sparks Road - Prime Dual Occupancy 963m2! of Development Opportunity with Plans and Permits!

Discover an exceptional investment opportunity in the heart of Norlane, minutes from the new Geelong Terminal and Geelong CBD!
With two tenanted homes across two titles, this rare dual occupancy/development property offers significant potential for astute investors and developers alike. Located at 16 & 18 Sparks Road, this combined 963m² (approx.) allotment with a 26 meter frontge and 36 meteres deep, comes with plans and permits already approved for three modern townhouses, making it an ideal venture. Whether you're looking to develop immediately, invest for future gains or live-in one and lease the other, 16 & 18 Sparks Road offers unparalleled potential and a promising return on investment ensuring a successful property venture!
Two stand-alone properties across two titles - currently with long-standing tenants on month-by-month rental agreements whom are keen to stay:
16 Sparks Road: 476m² - 2-bedroom, 1-bathroom, leased for $470 per fortnight
18 Sparks Road: 487m² - 2-bedroom, 1-bathroom, leased for $520 per fortnight
Total: 963m² (approx.) of land with total rental return of $990 per fortnight!
Prime Location:
Minutes from local amenities, schools, public transport, and the Corio Shopping Centre.
Just 70 km from Melbourne CBD, offering an easy commute via the Princes Highway.
Approved Plans & Permits:
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Property Details for 16-18 Sparks Rd, Norlane

16-18 Sparks Rd, Norlane is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 963m2 and floor size of 150m2. The place is currently for sale with EVERYWHERE REAL ESTATE.

Building Type
House
Floor Size
150m2
Land Size
963m2

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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 5,373 properties.

    There are currently 19 properties listed for sale, and 14 properties listed for rent in Norlane on OnTheHouse. According to CoreLogic's data, 146 properties were sold in the past 12 months in Norlane.

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