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61 Princes Highway, Norlane$525,000
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For Salehouse

61 Princes Highway

Norlane, VIC 3214, Australia
$500,000 – $550,000
3 bed 1 bath 1 car570 m²

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About this property

Positioned on a prominent corner allotment of approximately 570m², this is a standout opportunity for investors, developers, and savvy buyers looking to capitalise on a well positioned development site in a well connected Norlane location. The real value here lies in the approved plans for four double storey townhouses, offering buyers a clear framework to work from and strong future potential. Corner block sites of this nature are highly sought after, providing excellent design flexibility, improved access, and strong resale appeal once developed. Whether you're looking to progress with the existing plans or explore alternative options, this property provides a solid foundation for future growth. The existing residence offers a practical layout comprising three bedrooms and one bathroom, with two bedrooms featuring built in robes. A sunroom adds additional flexibility and space. Location is another key strength. Corio Village Shopping Centre is approximately a 3 minute drive away, providing supermarkets, retail stores, and everyday services. Northern Bay College and local primary schools are within 2 to 4 minutes by car, while North Shore Train Station is around 5 minutes away, offering convenient access to Geelong CBD and Melbourne. The Geelong Ring Road and Princes Highway are also close by, ensuring easy connectivity for commuters and future residents alike. Parks, sporting facilities, and public transport options are all nearby, further enhancing the appeal of this position. With a desirable corner block setting and excellent access to key amenities, this represents a compelling opportunity to secure a site with genuine future potential in an area continuing to attract strong buyer and investor interest.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
1
Land Area
570 m²
Listed
3 months ago

Repayment calculator

$2,545/month
$1,273 /fortnight
Loan $420,000 at 6.10% over 30 years

Upfront costs

Deposit$105,000
Stamp duty$26,570
Conveyancing (est.)$2,000
Total upfront$133,570
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 5% below the $550,000 median of 56 comparable houseswithin 5 km.

Schools near Norlane

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

What's nearby

  • Donnelly Ave/Princes Hwy (bus)68 m away
  • Foodworks837 m away
  • Unnamed484 m away
  • Evans Reserve540 m away
  • Windsor Park661 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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Full Norlane market

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Price history

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1 price change recorded for this property

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