23 Gerbera Ave, Norlane is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 650m2 and floor size of 117m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 3 bedroom House sold in Norlane in the last 12 months.
Located in a convenient pocket of Norlane, this well-presented three-bedroom home offers an excellent opportunity for investors, first home buyers, or those looking to secure a property with future potential.Currently tenanted at $450 per week on a periodic lease, the property provides immediate rental income with flexibility for future plans. With a rental appraisal of $500 per week, there is also clear potential to increase returns.Inside, the home features a light-filled lounge, functional kitchen, dedicated dining area, and a spacious rear family room providing additional living space. Three well-sized bedrooms are serviced by a central bathroom and separate laundry.Outside, enjoy a covered alfresco area, secure carport with roller door, and a generous backyard with veggie patch, perfect for outdoor living or future improvements (STCA).Conveniently positioned close to schools, shops, public transport, and only a short drive to the Geelong CBD.Key Features 3 bedrooms Multiple living areas Covered alfresco entertaining Secure carport with roller door Large backyard with veggie patch Currently rented $450/week (periodic) Rental appraisal: $500/weekDue Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklistDisclaimer: All stated dimensions in the content and photos are approximate only.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. It has 10 parks covering nearly 8.5% of 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 5,513 properties. Over the last 5 years, Houses in Norlane have seen a 33.63% increase in median value, while Units have seen a 26.16% increase. As at 31 March 2026:
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