FOR SALE
$409,000 - $449,000

53 Princes Highway
Norlane VIC 3214

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Land area: 739m2
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1 Title, 2 Dwellings & Loads of Potential - 8+% Return

Presenting an excellent investment opportunity, this property boasts two units-a well-crafted blend of homeliness, convenience, and great rental potential. The front unit features a spacious open living room and a sizeable modern kitchen. It has two thoughtfully designed bedrooms, one adorned with built-in wardrobes and both with carpeted floors. The rear unit offers additional accommodation, featuring a bedroom with built-in robes alongside a second room that can be efficiently utilised as a living room or an additional bedroom. The separate bathroom, comprising a toilet, shower, and vanity, ensures privacy and comfort. The centrally located kitchen and meals area includes durable wooden cabinets and a standalone gas cooktop and oven. A shaded carport at the rear provides secure parking. All set on a 736 sqm allotment with potentially yard space to add another dwelling (stca). In need of some minor works, the potential to add value is undeniable, even sitting on the Highway service lane offers commercial potential (stca). The property is comfortably nestled close to Corio Bay, Labuan Square Shopping Centre, Robin Avenue and even Corio Village is not to far away adding to its convenience. Quality education is nearby, with St.
Thomas Aquinas Primary School and other amenities such as Barwon Health North Hospital and other health care providers. Whether you seek an investment opportunity or an enchanting residential situation, this pair of homes, located near urban amenities, is sure to appeal.
Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 53 Princes Hwy, Norlane

53 Princes Hwy, Norlane is a 4 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 739m2. The place is currently for sale with Harcourts North Geelong.

Building Type
House
Land Size
739m2

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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 5,380 properties. Over the last 5 years, Houses in Norlane have seen a 31.43% increase in median value, while Units have seen a 31.23% increase. As at 31 October 2024:

  • The median value for Houses in Norlane is $449,287 while the median value for Units is $394,117.
  • Houses have a median rent of $380 while Units have a median rent of $380.
There are currently 26 properties listed for sale, and 14 properties listed for rent in Norlane on OnTheHouse. According to CoreLogic's data, 149 properties were sold in the past 12 months in Norlane.

Suburb Insights for Norlane 3214

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Joe Grgic
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Nick De Stefano
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Harcourts North Geelong
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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.