124 Princes HighwayNorlane VIC 3214
Property Details for 124 Princes Hwy, Norlane
124 Princes Hwy, Norlane is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1960. The property has a land size of 922m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in September 2020.
Last Listing description (November 2022)
Looking for a home that ticks all the boxes or has development opportunity (STCA) in the ever-growing suburb of Norlane? Well look no further because here it is!
Set on a huge allotment of 921m2 (approx.) enjoy this exciting opportunity of creating your dream home. You could hold the current home as an investment, pursue a modern refurbishment to the existing home or alternatively create multiple dwellings (STCA). The property comprises of two bedrooms plus a sunroom, centrally located bathroom, a large lounge room upon entry, practical kitchen and dining area. At the rear you will find a double lock up garage and single car port. With the Rose Avenue shopping strip, parks, schools and bus lines all within walking distance and only a short 2 minute commute to the North Shore train station and Corio Shopping Centre you have everything you need at your fingertips. Opportunities such as these are quite often the beginning of something great.
Property History for 124 Princes Hwy, Norlane, VIC 3214
- 24 Sep 2020Sold for $482,500
- 18 Aug 2020Listed for Rent $300 / week
- 14 Feb 2020Listed for Sale $500,000 - $550,000
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0About 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 5,378 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.
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