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Overview
Situated in a desirable area of Norlane, this property offers a generous 607 square meter corner block, providing a rare combination of ample space and potential. The existing home is well-maintained and includes three bedrooms and a central bathroom, complemented by spacious living areas that encourage comfortable family living or rentability.
A notable feature is the corner location, which enhances flexibility for future improvements or development, with prospects including a second dwelling or granny flat subject to council approval. This makes the property attractive not only to families and investors but also to developers seeking value-add opportunities.
Off-street parking for two cars is provided, adding practical convenience. Positioned close to local amenities such as shops, schools, and public transport, alongside major road networks, the location continues to attract strong interest due to its accessibility and community appeal.
This property is currently leased, offering immediate investment returns while also holding long-term growth potential. Whether for secure investment, immediate occupation, or future development, the blend of land size, location, and versatile potential makes this home an increasingly hard-to-find opportunity in the Norlane West area.
Local Market Insights
In Norlane, Quiet Listings observed 39 new houses entering the market over the last 30 days, down from 63 during the previous 30-day period, with an average advertised asking price of $563,436. The property type mix of listed properties is predominantly Houses at 74%, followed by units (11%), and commercial properties (11%). Area Specialist was the most active agency in this area, representing 38.5% 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
Market Insights for Norlane VIC 3214
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