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7 Yooringa Avenue

Norlane, VIC 3214, Australia
$459,000
707m²

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Area Price Guide
$431,460$486,540

Indicative price guide range

🏘️
78
Comparable
📊
$549,000
Area median
⚖️
-16%
vs median
📐
$649
Per m²
📏
707 m²
Land
🗓️
1 week ago
Listed

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About this property

This is an exceptional opportunity that awaits savvy developers and astute investors seeking a ready-to-build project in one of Geelong's most active growth corridors. Positioned on a substantial 707m² (approx.) allotment, this is a rare turn-key development opportunity where the costly pre-construction work has already been completed. The sale includes endorsed town planning permits, architectural working drawings, engineering documentation, structural plans, landscaping plans, soil reports and supporting consultant documentation, significantly reducing time, cost and approval risk for prospective purchasers. Further enhancing the opportunity, the project may qualify for a Section 10 compliance exemption, offering the potential for additional cost and time savings (subject to purchaser investigations and relevant authority approval). Designed to appeal to the modern market, the approved development comprises a highly desirable mix of residences, including two spacious family-sized townhomes and a versatile two-bedroom dwelling. The thoughtfully designed floorplans offer strong owner-occupier and investor appeal, creating flexibility for future resale or rental strategies. The approved plans include: Unit 1 Contemporary double-storey residence with three bedrooms, open-plan living and garage. Unit 2 Stylish residence with two bedrooms, study, open-plan living and carport. Unit 3 Spacious double-storey three bedroom residence with multiple living zones, kids retreat and double garage. The architectural design embraces modern living, featuring open-plan layouts, generous accommodation, private open space and professionally designed landscaping to create an attractive and functional residential development. Located within a rapidly evolving pocket of Norlane, the property enjoys outstanding access to local schools, shopping centres, public transport, parklands, major employment hubs, access to the Geelong Ring Road and Princes Highway, providing seamless commuting to the Geelong CBD or Melbourne CBD. With continued population growth and infrastructure investment supporting the wider Geelong region, this is a compelling opportunity to secure a project with significant upside potential. With endorsed plans, permit extensions already in place and a development concept designed to meet strong market demand, opportunities of this calibre are becoming increasingly difficult to secure. Build immediately, landbank for the future, or capitalise on a ready-made development opportunity in a thriving growth location.

Property Features

    View full listing on Domain

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

    Repayment calculator

    $2,225/month
    $1,113 /fortnight
    Loan $367,200 at 6.10% over 30 years

    Upfront costs

    Deposit$91,800
    Stamp duty$22,610
    Conveyancing (est.)$2,000
    Total upfront$116,410
    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
    land
    Listing Type
    For Sale
    Land Area
    707m²
    Listed
    1 week ago

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