OFF MARKET

507 Thompson Road
Norlane VIC 3214

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 112m2
Land area: 604m2
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Property Details for 507 Thompson Rd, Norlane

507 Thompson Rd, Norlane is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 604m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in September 2017.

Building Type
House
Year Built
1960
Floor Size
112m2
Land Size
604m2
Local Government
Greater Geelong
Lot/Plan
2/LP30878

Last Listing description (October 2017)

This is a great opportunity to enter the fast paced Geelong property market at an affordable entry level. Whether it's as an owner occupier or an investor the way this very neat, updated 2 bedroom home is positioned on the 604m2 (approx) block allows for potential subdivision or extension (STCA) in the future.
Featuring lovely art deco ceilings, polished floorboards & original timber dado's throughout. There is a spacious lounge, with gas heating & split system air conditioner, separate dining room, 2 bedrooms, updated bathroom & rear sunroom. The renovated kitchen features new cabinetry, gas oven & pantry. The generous back yard has established trees & boasts an oversized double garage which is sure to be a favourite place for all the boys & their toys.
Located within minutes of Corio Shopping & Medical Centers, local primary schools & bus services this could be a sound investment with an approximate rental potential of $260 per week.

Property History for 507 Thompson Rd, Norlane, VIC 3214

A timeline of how this property has performed in the market
Last Sold
$341,975
12 Sep 2017
Listed for Rent
$270/w
21 Aug 2017
  • 12 Sep 2017
    Sold for $341,975
  • 29 Aug 2017
    Listed for Sale $295,000 - $320,000
  • 05 Jul 2017
    Listed 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 5,371 properties. Over the last 5 years, Houses in Norlane have seen a 33.18% increase in median value, while Units have seen a 34.28% increase. As at 31 August 2024:

  • The median value for Houses in Norlane is $450,581 while the median value for Units is $401,814.
  • 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, 152 properties were sold in the past 12 months in Norlane.

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