SOLD
Sold on 16 Dec 2023 for $561,650

26-28 Station Street
Norlane VIC 3214

Bedrooms: -
Bathrooms: 2
Car spaces: 2
Land area: 2541m2
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Property Details for 26-28 Station St, Norlane

Building Type
Commercial
Land Size
2541m2
Local Government
Greater Geelong
Lot/Plan
1/TP533228

Last Listing description (January 2013)

Versatile Freehold Investment
Warehouse/ Depot or Offices
- 9.1% Investment Yield

- Long standing tenant
- Current rental income $80,000
- Brick warehouse/depot 2600 m2 approx
- Site area 2540 m2
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Property History for 26-28 Station St, Norlane, VIC 3214

A timeline of how this property has performed in the market
Last Sold
$561,650
16 Dec 2023
  • 16 Dec 2023
    Sold for $561,650
  • 11 Dec 2012
    Sold for $770,000
  • 30 May 2012
    Listed for Sale 800000
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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 5,370 properties. Over the last 5 years, Houses in Norlane have seen a 36.89% increase in median value, while Units have seen a 34.15% increase. As at 31 July 2024:

  • The median value for Houses in Norlane is $455,767 while the median value for Units is $399,394.
  • Houses have a median rent of $370 while Units have a median rent of $380.
There are currently 17 properties listed for sale, and 8 properties listed for rent in Norlane on OnTheHouse. According to CoreLogic's data, 148 properties were sold in the past 12 months in Norlane.

Suburb Insights for Norlane 3214

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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.