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513 Thompson Road, Norlane VIC 3214

AUCTION - $449,000-489,000

Search Band Search Visibility Band

$449k - $494k Low Confidence Calculated based on limited search observations.

House 3 Beds 1 Bath 2 Cars 737 m²

Listed: 23 hours ago

Overview

Positioned on a generous 737 square meter allotment with a 16-meter frontage in the well-established suburb of Norlane, this property offers a rare development opportunity subject to council approval. The existing residence is in neat condition, featuring three bedrooms, a central bathroom, separate lounge and dining areas, a functional kitchen, and a sunroom that provides versatile space for relaxation or informal dining.

Ideal for developers, investors, and buyers seeking future potential, the sizable land offers ample scope for exploration of subdivision or redevelopment plans. Developers will appreciate the property's frontage dimensions and land size, while investors can benefit from the immediate rental potential the existing home offers as they consider longer-term plans.

The property’s location enhances its appeal, situated close to local schools, shops, and public transport options, while providing convenient access to the Geelong Ring Road. This connectivity makes commuting to Geelong CBD and wider regions straightforward, supporting both lifestyle and investment considerations.

Whether your objective is to secure an investment with steady rental income, a land-rich opportunity for development, or a home to hold with future potential, this property represents a noteworthy prospect in central Norlane.

Three bedrooms and one bathroom in a functional layout
Separate lounge and dining areas creating flexible living zones
Functional kitchen and sunroom enhancing home usability
Approximately 737m² allotment with 16m frontage offering development possibilities (STCA)
Central location with proximity to schools, shopping, and transport
Easy access to major roads facilitating regional connectivity

Local Market Insights

In Norlane, Quiet Listings observed 44 new houses entering the market over the last 30 days, up from 34 during the previous 30-day period, with an average advertised asking price of $569,543. The property type mix of listed properties is predominantly Houses at 90%, followed by units (4%), and commercial properties (4%). The most active agency for houses in the Norlane area is currently Area Specialist, representing 30% of new listings, followed by Harcourts with 18%. 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.