26 Olympic Ave, Norlane is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 661m2. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 2 bedroom House sold in Norlane in the last 12 months.
Set on a generous 661m² (approx.) allotment, this property presents a superb opportunity for renovators, investors, and developers seeking a home with enormous upside. Whether you're looking to renovate, subdivide, or redevelop the whole site (STCA), the potential here is undeniable. The existing mid-century style home features two well-sized bedrooms with built-in robes, a spacious living area, open to the central kitchen and meals zone, a bathroom with separate WC, and a functional laundry-all retaining the original character and offering scope to renovate and add value. A secure garage with workshop area, storeroom, carport, and ample space in the backyard to create future wealth with a second dwelling (STCA). Positioned in a family-friendly pocket, the property is within walking distance to local schools, Bellpost Shopping Centre, childcare centres, and public transport links, and provides easy access to the Geelong Ring Road for easy commuting. With strong capital growth in the area, this is a rare chance to unlock value in a rapidly developing location.
Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist
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 5,511 properties. Over the last 5 years, Houses in Norlane have seen a 36.43% increase in median value, while Units have seen a 45.07% increase. As at 31 December 2025:
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