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554 Thompson Road, Norlane$550,000
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Soldhouse

554 Thompson Road

Norlane, VIC 3214, Australia
$550,000
3 bed 1 bath 2 car604 m²

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About this property

Set on a generous 604m² (approx) allotment in a sought-after Norlane location, this well-maintained three-bedroom home is the perfect set-and-forget investment, delivering immediate income and future potential. Inside, you'll find polished timber floors, a bright and airy living space, three comfortable bedrooms, and a central bathroom. The functional timber kitchen features gas cooking and a wall oven, complemented by gas heating and air-conditioning for year-round comfort. Outside, the secure rear yard boasts new fencing, a covered verandah, and parking options including a single garage and additional carport a setup tenants love. Currently leased on a 12-month agreement, the property has the potential to return $410-$420/wk in the current market, providing a reliable income stream in the future. Located within the Northern Bay P12 College zone, and close to shops, medical centres, public transport, and with easy access to the Princes Highway, this home sits in a high-demand rental area. With a sizeable land holding, it also offers future value-add or development potential (STCA). A rare opportunity to secure a low-maintenance, income-producing asset with strong long-term growth prospects. Video walk through video is available via WhatsApp, please enquire for more details. *All information about the property has been provided to Hayeswinckle by third parties. Hayeswinckle has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.

Property Details

Property Type
house
Listing Type
Sold
Bedrooms
3
Bathrooms
1
Parking
2
Land Area
604 m²
Listed
3 months ago

Repayment calculator

$2,666/month
$1,333 /fortnight
Loan $440,000 at 6.10% over 30 years

Upfront costs

Deposit$110,000
Stamp duty$28,070
Conveyancing (est.)$2,000
Total upfront$140,070
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 4% above the $529,000 median of 56 comparable houseswithin 5 km.

Schools near Norlane

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

What's nearby

  • The Boulevard/Thompson Road (bus)544 m away
  • Foodworks533 m away
  • Evans Reserve305 m away
  • Darebin Park340 m away
  • Unnamed513 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

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