48 Rose Avenue, Norlane, VIC 3214 | House for sale | OnTheHouse
 
FOR SALE
$520,000 - $570,000 Approved Permits Until 2030

48 Rose Avenue
Norlane VIC 3214

Bedrooms: 2
Bathrooms: 1
Car spaces: 5
Land area: 727m2
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Newly Created Permits, with time to complete

POTENTIAL:
Positioned on a substantial 727m² (approx.) allotment in a highly convenient Norlane location, this is a rare opportunity offering approved permits, flexibility and immediate upside for builders, developers, investors or owner-occupiers looking to maximise the site's potential.
With permits already approved and valid through to 2030, the hard work has been done. The approved plans provide flexibility to extend the existing dwelling while also constructing a second residence at the rear, creating multiple pathways for future value and income generation.
Adding even further appeal, the building permit is essentially ready to go (subject to building contract), allowing buyers to fast-track the project with minimal delay. The current owner can also assist by connecting purchasers with the existing project manager for a seamless transition into the next stage.
CURRENT BENEFITS:
The existing home offers comfortable accommodation with multiple bedrooms, spacious living, functional kitchen and bathroom spaces, plus a large backyard, garage and extensive off-street parking. With a fantastic long-term renter in place on a month-to-month basis, immediate income is guaranteed while you plan your next move.
LOCATION:
- Approx. 10-minute walk to Northern Bay College – Tallis Street P–8 Campus
- Approx. 8-minute walk to St Thomas Aquinas Primary School
- Approx. 15-minute walk to North Shore Train Station with direct Melbourne CBD access
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Property Details for 48 Rose Ave, Norlane

48 Rose Ave, Norlane is a 2 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 727m2. The place is currently for sale with Harcourts North Geelong.

Building Type
House
Land Size
727m2
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About Norlane 3214

The size of Norlane is approximately 5.0 square kilometres. There are 10 parks, covering nearly 8.5% of the total area. The population of Norlane in 2016 was 8306 people. By 2021 the population was 8682 showing a population growth of 4.5% in the area during that time. The predominant age group in Norlane is 20-29 years. Households in Norlane are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Norlane work in a labourer occupation.In 2021, 41.40% of the homes in Norlane were owner-occupied compared with 43.40% in 2016.

Norlane has 5,550 properties. Over the last 5 years, Houses in Norlane have seen a 24.05% increase in median value, while Units have seen a 22.96% increase. As at 31 July 2026:

  • The median value for Houses in Norlane is $546,169 while the median value for Units is $443,541.
  • Houses have a median rent of $410 while Units have a median rent of $420.
There are currently 21 properties listed for sale, and 14 properties listed for rent in Norlane on OnTheHouse. According to Cotality's data, 272 properties were sold in the past 12 months in Norlane.

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Joe Grgic
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Eric Ly
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Harcourts North Geelong
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