OFF MARKET

536 Thompson Road
Norlane VIC 3214

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 87m2
Land area: 604m2
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Last updated 14 Oct 2024
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Property Details for 536 Thompson Rd, Norlane

536 Thompson Rd, Norlane is a 3 bedroom, 1 bathroom House and was built in 1950. The property has a land size of 604m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
1950
Floor Size
87m2
Land Size
604m2
Local Government
Greater Geelong
Lot/Plan
424/LP57792

Last Listing description (June 2024)

Nestled on an expansive 604m2 block (approx.), this impeccably situated residence offers a harmonious blend of comfort and potential. Boasting three generously proportioned bedrooms, a centrally positioned kitchen and bathroom, along with gas heating and split system cooling system.

What truly sets this property apart is its substantial backyard, providing an abundance of space for leisure and the exciting prospect of future redevelopment (STCA). This blank canvas presents a world of possibilities limited only by your imagination. All while being strategically positioned in close proximity to Corio Village, reputable schools and efficient public transport links.

This versatile property appeals to a range of discerning buyers, whether you're a first home buyer looking for a cozy haven or a visionary developer exploring the prospect of transformation, this property is an absolute portfolio essential. Don't miss the chance to be part of this promising opportunity.

- Ready to rent at an expected rental income of $380 p/week
- Expansive 604m2 (approx.) allotment with ample space for diverse possibilities
- Presents a versatile canvas for potential redevelopment (STCA)
- Close proximity to Corio Village, hosting a range of retail amenities
- Well-placed near schools, enhancing family-friendly appeal
- Efficient transport connectivity, easy access to the CBD and Melbourne
- Abundant outdoor space, offering potential for creative landscaping
- Equipped with gas heating and split system cooling
- Idyllic opportunity for first home buyers and investors alike

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Property History for 536 Thompson Rd, Norlane, VIC 3214

A timeline of how this property has performed in the market
Last Sold
$450,000
22 Aug 2023
Listed for Rent
$380/w
22 Sep 2023
  • 13 Sep 2023
    Listed for Rent $380 / week
  • 22 Aug 2023
    Sold for $450,000
  • 17 Jul 2023
    Listed for Rent $380 / week
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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 5,326 properties. Over the last 5 years, Houses in Norlane have seen a 31.46% increase in median value, while Units have seen a 28.56% increase. As at 30 September 2024:

  • The median value for Houses in Norlane is $446,045 while the median value for Units is $394,164.
  • Houses have a median rent of $380 while Units have a median rent of $380.
There are currently 23 properties listed for sale, and 12 properties listed for rent in Norlane on OnTheHouse. According to CoreLogic's data, 148 properties were sold in the past 12 months in Norlane.

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