40 Swallow CrescentNorlane VIC 3214
Property Details for 40 Swallow Cres, Norlane
40 Swallow Cres, Norlane is a 2 bedroom, 1 bathroom House. The property has a land size of 792m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (November 2023)
Discover a property bursting with potential. This charming home is set on an expansive 792sqm block in the heart of town making this a must-see opportunity for a range of buyers from savvy developers to investors and those wanting to share in the opportunity property provides, with plans and permits in place for 4 double storey 2 bedroom townhouses ready to action.
The solid home currently offers two bedrooms and one bathroom, plus a light-filled and heated lounge ready for relaxation. There is also an open vintage kitchen and meals area, plus a laundry, a built-in robe and a linen closet for added storage space. Outside, the immediate yard is fenced for those with kids and pets while the rear part of the lot is ready for you to start the development while retaining the existing dwelling to maintain your income. All offered with the Robin Avenue Shopping Strip around the corner, Corio Village Shopping Centre, schools, transport, Highway and Ring Road merely moments away.
Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist
Property History for 40 Swallow Cres, Norlane, VIC 3214
- 04 May 2023Sold for $450,000
- 18 May 2022Listed for Sale Price by Negotiation $449,000 - $493,000
- 04 Dec 2019Listed for Rent - Price not available
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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 5,377 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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