FOR SALE
$399,000 - $438,000

61 Eagle Parade
Norlane VIC 3214

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 682m2
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Potential & Value With Charm & Convenience

Nestled in the vibrant neighbourhood of Norlane you'll find this weatherboard home brimming with potential. Situated on a generous 682 sqm block, this property is perfect for investors looking to develop (STCA) or for buyers seeking a home to live in or rent out. It offers a flexible investment opportunity in its current configuration (and current long term renter) or as a future development project. The property consists of two inviting bedrooms and is solid sitting on concrete stumps plus includes near new carpets and vinyl flooring. The home has been recently painted inside and out, also featuring aluminium windows, a reverse cycle split system, modern gas stove and an updated electrical switchboard. It's here where the true extent of this property's potential comes alive. The open land promises a canvas for creative outdoor projects and potential expansions (STCA) while including a lock up garage with a wide driveway for ample off street parking. Located within a thriving community, offering an enviable lifestyle with amenities within arm's reach. Walk over to the Robin Avenue Shopping Strip or grab a coffee break at the Aviary Café. With bus stops, major medical facilities and even the largest leisure facility in the area, the Northern Aquatic & Community Hub is merely a short stroll. With Northern Bay College a bike ride away and Corio Village Shopping Centre nearby, you can even jump on a train or take off on the highway in moments. Brimming with potential and bursting with character, this opportunity represents real value and undeniable potential that you will need to act quickly to secure.
Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 61 Eagle Pde, Norlane

61 Eagle Pde, Norlane is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 682m2. The place is currently for sale with Harcourts North Geelong.

Building Type
House
Land Size
682m2

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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 5,371 properties. Over the last 5 years, Houses in Norlane have seen a 33.18% increase in median value, while Units have seen a 34.28% increase. As at 31 August 2024:

  • The median value for Houses in Norlane is $450,581 while the median value for Units is $401,814.
  • Houses have a median rent of $370 while Units have a median rent of $380.
There are currently 17 properties listed for sale, and 11 properties listed for rent in Norlane on OnTheHouse. According to CoreLogic's data, 156 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.