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Overview
Situated in one of Norlane West's most sought-after and tightly held pockets, this property presents an exceptional opportunity for those seeking privacy, quality, and community stability. The neighbourhood is characterized by predominantly privately built residences occupied by long-term, mature owner-occupiers, lending a peaceful, established ambiance greatly valued by prospective buyers.
Nestled alongside a scenic, tree-lined walking track and reserve, the home offers not only an attractive outlook but also easy access to serene outdoor spaces. This setting enhances the lifestyle with a balance of nature and convenience, being close to schools, shopping facilities, and major road connections including the Ring Road, ensuring efficient commutes and connectivity.
The location has demonstrated robust property growth, with reported increases of approximately 20.1% over the past year, reflecting healthy market conditions buoyed by limited supply and sustained demand. This encourages confidence both for owner-occupiers and investors alike.
- The property includes three bedrooms, providing flexible accommodation for families or individuals requiring extra space.
- One bathroom facilitates practical family living.
- Two parking spaces cater conveniently for multiple vehicles.
- Additional appeal comes from features such as air conditioning, built-in robes, and floorboards, supporting comfort and ease of maintenance.
With an estimated rental return near $450 per week, the home also stands as a compelling investment avenue. The combination of a quiet, established setting, quality housing, and future growth prospects makes this residence a worthy consideration for a variety of buyers, especially owner-occupiers seeking long-term community and investors aiming for steady returns.
Local Market Insights
In Norlane, Quiet Listings observed 71 new houses entering the market over the last 30 days, up from 37 during the previous 30-day period, with an average advertised asking price of $540,290. The property type mix of listed properties is predominantly Houses at 81%, followed by units (7%), and commercial properties (7%). Area Specialist was the most active agency in this area, representing 28.2% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Norlane VIC 3214