490 Thompson RoadNorlane VIC 3214
Property Details for 490 Thompson Rd, Norlane
490 Thompson Rd, Norlane is a 2 bedroom, 1 bathroom House. The property has a land size of 604m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
Last Listing description (September 2022)
Situated on a substantial 603m2 (approx.) allotment, this home awaits its new owner.
Primed and ready for the savvy investor, renovator or developer this is your next project.
With a Development Zone - General Residential Zone - Schedule 1.
Close by to local schools, public transport, medical centres, ovals, Shopping precinct and the Princes Highway for commuters.
With endless possibilities, this is an opportunity not to be missed!
Terms are strictly 10% deposit
60 days or less 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.
Property History for 490 Thompson Rd, Norlane, VIC 3214
- 13 Sep 2022Sold for $380,000
- 16 Aug 2022Listed for Sale ESP - $375,000 - $395,000
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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 5,385 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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