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109-111 Princes Highway

Norlane, VIC 3214, Australia
$949,000
6 bed 2 bath 2 car998m²

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Area Price Guide
$892,060$1.01m

Indicative price guide range

🏘️
69
Comparable
📊
$550,000
Area median
⚖️
+73%
vs median
📐
$951
Per m²
📏
998 m²
Land
🗓️
2 months ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Positioned along the Princes Highway on a prominent corner block and set on a substantial landholding of approximately 998 m², this property presents a rare and versatile opportunity for buyers seeking space, flexibility and long term potential. Offered as one combined holding, the accommodation and land size on offer make this an exciting prospect for extended families, investors or those looking to explore future development potential (STCA). The home delivers generous proportions throughout, offering a total of six bedrooms and two bathrooms, making it ideal for larger households or multi generational living. Two large living areas provide plenty of room to spread out, each fitted with split system heating and cooling to ensure year round comfort. Whether it's separate zones for family living, entertaining or working from home, the layout allows for a range of lifestyle needs. Both bathrooms are well appointed and include baths, with the added convenience of two separate toilets to comfortably service the household. The property is fully fenced, offering privacy and security, with ample outdoor space for children, pets or future improvements. For investors, the property presents a strong holding opportunity with an estimated rental return of approximately $800 per week, making it appealing from both an income and long term growth perspective. What truly sets this opportunity apart is the size of the allotment. With approximately 998 m² of land, the site offers outstanding scope for future development or enhancement (STCA), while still providing strong rental or holding appeal. The location is highly practical and well connected. The property is within close proximity to Corio Village Shopping Centre for everyday shopping and services, local schools and childcare facilities, medical centres, and public transport options. North Shore and Corio train stations are just minutes away, providing easy access to Geelong CBD and Melbourne. The Ring Road is also nearby, ensuring convenient travel to Melbourne, the Surf Coast and surrounding suburbs. Leisure options are well catered for with local parks, sporting reserves and community facilities all close at hand. Opportunities of this scale, with this level of accommodation and future potential, are increasingly hard to find. This is a chance to secure a significant landholding with immediate versatility and long term upside in a well established and accessible location.

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $4,601/month
    $2,300 /fortnight
    Loan $759,200 at 6.10% over 30 years

    Upfront costs

    Deposit$189,800
    Stamp duty$52,010
    Conveyancing (est.)$2,000
    Total upfront$243,810
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    6
    Bathrooms
    2
    Parking
    2
    Land Area
    998m²
    Listed
    2 months ago

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