70 Olympic AvenueNorlane VIC 3214
Property Details for 70 Olympic Ave, Norlane
70 Olympic Ave, Norlane is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 656m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in August 2018.
Last Listing description (September 2018)
Attention savvy investor! This is your opportunity to secure a great investment that will add value to your pockets. A low maintenance home located within close proximity to Donnybrook Rd Shops & public transport is tenanted til 2020, with a current rent return of $590 per fortnight you can't go wrong.
Sitting on a 655m2 approx. block with possibility to subdivide (STCA), this home features functional floorplan, light filled open plan living, well sized bedrooms with built in robes, ceiling fans, central kitchen, gas wall heating, split system air-con & undercover outdoor deck entertaining. Ample off street parking with a single garage, single carport and generous driveway. Garage includes workshop space & additional storage area which is currently being utilised as a sleepout (4th bedroom), making this an even more desirable purchase, adding value to rent potential.
Only minutes away from Ring Road and less than 10 mins from Geelong CBD, it's wise to inspect!
Property History for 70 Olympic Ave, Norlane, VIC 3214
- 17 Aug 2018Sold for $401,500
- 02 Aug 2018Listed for Sale $388,000 - $418,000
- 20 Jun 2017Sold for $290,000
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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 5,378 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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