12 Waterford Ave, Norlane is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 671m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Positioned in the highly sought-after Norlane West pocket, this solid brick home presents an outstanding opportunity for first home buyers, investors, and developers alike. Set on a generous 677m (approx.) allotment with valuable side access, the property offers endless future potential including the option to add a granny flat or further enhance the site (STCA).Comprising three spacious bedrooms, one central bathroom, and ample car accommodation for two vehicles, the home is perfectly suited for comfortable living while offering excellent long-term upside. Currently vacant and move-in ready; investors will also appreciate the strong rental return potential with an estimated rental appraisal of $460 - $480 per week.Conveniently located within walking distance to shopping centres, schools, childcare, public transport, parks, and local sporting facilities, this is truly a location that delivers lifestyle and convenience. Easy access to the Ring Road also provides a seamless commute to Melbourne and surrounding suburbs.Whether youre looking to move straight in, invest, or explore future development opportunities, this is a property packed with potential in one of Geelongs fastest-growing suburbs.Property Features:- 3 spacious bedrooms- 1 central bathroom- 2 car spaces- Solid brick construction- Massive 677m (approx.) block- Side access with granny flat potential (STCA)- Vacant possession available- Rental appraisal of $460 - $480 per week- Prime Norlane West location- Walking distance to all amenitiesDue diligence checklist: http://www.consumer.vic.gov.au/duediligencechecklist. Disclaimer:All stated dimensions in the content and photos are approximate only.Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
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 5,529 properties. Over the last 5 years, Houses in Norlane have seen a 33.47% increase in median value, while Units have seen a 25.15% increase. As at 30 April 2026:
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