616 Thompson Rd, Norlane is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1960. The property has a land size of 557m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Situated on a 557m2 (approx.) allotment, this neat home is ripe for the first homebuyer, savvy investor or keen renovator looking to secure a property in the thriving Norlane market.
This charming home is a short drive to train stations, local schools and shopping centres and only a 10 minute drive to Geelong's CBD, while also providing easy access to the Princes Highway, making commuting to Melbourne a breeze.
Stepping inside you will immediately feel at home in the cosy living area, complete with gas heating and a ceiling fan, leading through to the kitchen and a central bathroom servicing the 2 bedrooms creating the perfect canvas for the next homeowner to put their mark on.
At the rear of the home is a two car garage, spacious alfresco area and a large yard perfect for those with a green thumb. The opportunity and potential this property offers is not to be overlooked.
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 5,370 properties. Over the last 5 years, Houses in Norlane have seen a 36.89% increase in median value, while Units have seen a 34.15% increase. As at 31 July 2024:
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