OFF MARKET

550 Thompson Road
Norlane VIC 3214

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 92m2
Land area: 604m2
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Property Details for 550 Thompson Rd, Norlane

550 Thompson Rd, Norlane is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 604m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in September 2011.

Building Type
House
Floor Size
92m2
Land Size
604m2
Local Government
Greater Geelong
Lot/Plan
335/LP54862

Last Listing description (May 2011)

Investor Alert!
With Norlane being the up and coming area for development opportunities, you can't go past this little beauty. This property is just perfect for the investor, developer or first home buyer. Comprising 2 bedrooms, lounge with gas heating, large open plan dining and kitchen featuring a gas stove, as well as an updated bathroom. The rear of the home offers a larger pergola with timber decking, carport and single lock up garage. With a land size of approximately 603sqm, this property is one not to miss.

Property History for 550 Thompson Rd, Norlane, VIC 3214

A timeline of how this property has performed in the market
Last Sold
$187,000
15 Sep 2011
Listed for Rent
$155/w
31 Mar 2007
  • 15 Sep 2011
    Sold for $187,000
  • 02 Jun 2011
    Sold for $187,000
  • 06 Feb 2011
    Listed for Sale $195,000
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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 5,328 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.
There are currently 26 properties listed for sale, and 11 properties listed for rent in Norlane on OnTheHouse. According to CoreLogic's data, 145 properties were sold in the past 12 months in Norlane.

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