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129 Station Street, Norlane$410,000
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For Salehouse

129 Station Street

Norlane, VIC 3214, Australia
$410,000
3 bed 1 bath 2 car535 m²

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About this property

Positioned on a prime corner allotment in the ever-growing pocket of Norlane, this classic solid brick veneer home is the perfect blank canvas for first-home buyers, investors, or weekend renovators looking to secure instant equity with a straightforward cosmetic transformation. Structurally, the home offers fantastic foundations with solid floors, strong brick construction, and roof tiles all appearing to be in great condition - making this the type of renovation opportunity buyers dream of. The layout is comfortable and livable as-is, while still presenting enormous upside for those wanting to modernise and capitalise. Inside, the kitchen offers excellent size and functionality, requiring only a new oven and range hood to bring it to life. The existing gas heater could easily be replaced with a modern split system, while updated windows and cosmetic improvements throughout would dramatically enhance the overall feel and value of the home. The beauty here is the simplicity of the renovation. For the savvy flipper or hands-on buyer, this feels like an ideal 46 week project with the potential to push value comfortably into the mid-to-high $500,000s once updated. Investors will also appreciate the estimated rental return of approximately $430$460 per week, depending on the level of renovation completed. Located within walking distance to the Norlane Railway Station and approximately 40 minutes from Melbourne CBD, the position is outstanding for commuters, tenants, and buyers wanting convenience with long-term growth potential. Features include: - Solid brick veneer construction - Corner block position with excellent street presence - Structurally sound with solid floors and strong bones - Great-sized kitchen ready for an easy update

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
2
Land Area
535 m²
Listed
1 month ago

Repayment calculator

$1,988/month
$994 /fortnight
Loan $328,000 at 6.10% over 30 years

Upfront costs

Deposit$82,000
Stamp duty$19,670
Conveyancing (est.)$2,000
Total upfront$103,670
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.

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Neighbourhood

Living in Norlane

This 3-bedroom house in Norlane, VIC 3214 sits within reach of public transport, local shops and nearby schools. It is listed 25% below the $550,000 median of 63 comparable houseswithin 5 km.

Schools near Norlane

  • Sirius College - Geelong Campuscombined
  • St Thomas Aquinas Schoolprimary · Prep-6 · CoEd

What's nearby

  • Jay St/Princes Hwy (bus)943 m away
  • Foodworks1.3 km away
  • Stead Park497 m away
  • Windsor Park536 m away
  • Unnamed689 m away

Norlane at a glance

Full suburb profile
Population
8,682
Median age
37
Household income
$909/wk
Median rent
$250/wk
Median mortgage
$1,200/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Norlane price trend

Median sold · House 3 bed

Compound growth +2.7% / yr over 4 yrs

$540kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Norlane market

Within 5km

Nearby Properties

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