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Sold on 31 Aug 2024 for $956,000

5 Norman Road
Croydon VIC 3136

Bedrooms: 6
Bathrooms: 2
Car spaces: 1
Floor area: 240m2
Land area: 1109m2
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McGrath Croydon
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Property Details for 5 Norman Rd, Croydon

5 Norman Rd, Croydon is a 6 bedroom, 2 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 1109m2 and floor size of 240m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 6 bedroom House sold in Croydon in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
240m2
Land Size
1109m2
Local Government
Maroondah
Lot/Plan
1/TP751313

Last Listing description (August 2024)

Whether you're looking to embark on a renovation project or plan a new multi-residential development (STCA) this property on approximately 1,109sqm offers unmatched potential and versatility. Located in a peaceful and family-friendly neighbourhood surrounded by long-term residents, it enjoys walking distance to buses, Silcock Reserve, Croydon Primary School, Croydon Central shopping centre and Croydon's Main Street with speciality stores, eateries, cafes and train station. A great selection of reputable schools, medical facilities and recreation reserves are also within easy access by a short commute.

- A generous 1,109sqm approximate rectangular allotment
- The large allotment size and prime location make it a standout candidate for a multi-residential project (STCA)

- The existing weatherboard home exudes original character featuring high ceilings, hardwood timber floors and sash windows
- While the home requires restoration, it presents an excellent opportunity for a savvy renovator seeking their next project
- Alternatively, developers can capitalise on potential rental income while awaiting council approval for plans and permits
- The spacious dwelling comprises 6 bedrooms including a master with ensuite and floor-to-ceiling wardrobes, a front lounge, central kitchen with adjoining meals area, a very expansive rear rumpus with a woodfire coonara, split system cooling and dual access, one of which opens to a covered patio
- For tradies and hobbyists, an oversized single garage provides ample space for a workshop or tool storage
- A quiet position surrounded by long-term residents, adds to its appeal for families and community-focused living

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Property History for 5 Norman Rd, Croydon, VIC 3136

A timeline of how this property has performed in the market
Last Sold
$956,000
31 Aug 2024
Listed for Rent
$380/w
27 Mar 2007
  • 31 Aug 2024
    Sold for $956,000
  • 21 Aug 2024
    Listed for Sale $900,000 - $990,000
  • 21 Feb 2007
    Listed for Rent - Price not available
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About Croydon 3136

The size of Croydon is approximately 14.1 square kilometres. It has 52 parks covering nearly 13.7% of total area. The population of Croydon in 2011 was 23,552 people. By 2016 the population was 26,958 showing a population growth of 14.5% in the area during that time. The predominant age group in Croydon is 30-39 years. Households in Croydon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Croydon work in a professional occupation. In 2011, 71.3% of the homes in Croydon were owner-occupied compared with 70.1% in 2016.

Croydon has 15,747 properties. Over the last 5 years, Houses in Croydon have seen a 20.68% increase in median value, while Units have seen a 14.82% increase. As at 31 October 2024:

  • The median value for Houses in Croydon is $934,634 while the median value for Units is $661,302.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 34 properties listed for sale, and 17 properties listed for rent in Croydon on OnTheHouse. According to CoreLogic's data, 623 properties were sold in the past 12 months in Croydon.

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