Are you looking to enter the property market at an affordable level? We have an excellent opportunity for you with this vacant block of land on some approximately 558m2 and it presents an ideal chance for buyers seeking to build their dream home in a well-connected and vibrant community.
Affordable Entry into the Market: With the current state of the property market, finding affordable options can be challenging. However, this vacant block of land offers a unique opportunity for prospective buyers to get into the market at a more accessible price point. As land prices continue to rise, acquiring a plot at an affordable level can be a wise investment for first-time homebuyers, young families, or those looking to build their future home.
The property will particularly appeal to a variety of buyers:
1. First-Time Homebuyers: For those taking their first steps into the property market, this vacant block of land provides an excellent opportunity to start building equity and customizing their home to their preferences.
2. Investors: Savvy investors who recognize the potential in for long-term value appreciation in Norlane may seize this chance to secure a prime piece of real estate.
3. Home building is one of the most significant advantages with the potential to build a custom-designed home. Unlike buying an established property, building from scratch allows you to create a space tailored to your needs and preferences. You'll have the freedom to choose the layout, materials, and design elements, ensuring that your home perfectly matches your lifestyle.
4. Proximity to Geelong City center providing easy access to a wide array of shops, restaurants, and entertainment options.
5. The area boasts excellent transportation links, making commuting a breeze. The Geelong Ring Road is nearby, connecting to other major highways and facilitating travel to Melbourne and other regional areas.
6. A selection of primary and secondary schools nearby providing education options for children.
7. Norlane offers various parks, playgrounds, and recreational areas for outdoor activities.
8. Residents will find a range of local shops and amenities for daily needs, ensuring convenience and accessibility.
In summary, this vacant block of land presents an excellent opportunity for buyers to enter the property market at an affordable level. With the freedom to build a custom-designed home and the added benefits of Norlane's location, amenities, and community spirit, this property is sure to attract a wide range of interested buyers. Don't miss out on this chance to secure a piece of real estate in this vibrant and growing suburb. Expressions of Interest are closing at 5.00pm 4th September 2023, so act swiftly to make your dreams of homeownership a reality!
Terms are strictly 10% deposit
30 - 60 days settlement.
*All information offered by One Agency Mark Mitchell Real Estate is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such One Agency Mark Mitchell Real Estate simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own inquiries with respect to the information that is passed on. One Agency Mark Mitchell Real Estate will not be liable for any loss resulting from any action or decision by you in reliance on the information.
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 31.46% increase in median value, while Units have seen a 28.56% increase. As at 30 September 2024:
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