27 Spruhan AvenueNorlane VIC 3214
Property Details for 27 Spruhan Ave, Norlane
27 Spruhan 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 832m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in May 2025.
Last Listing description (September 2025)
Discover an exceptional investment opportunity with this prime development site located at 27 Spruhan Ave in Norlane. Spanning a generous 832m, this property comes with approved plans for 4 townhouses, making it an ideal choice for developers seeking to meet the growing demand for modern living spaces in the area.Both properties are currently rented out, providing immediate cash flow while you prepare for development. This ensures you can start your investment journey with a solid foundation, allowing for a seamless transition from rental income to development.The location is key, with the property situated close to a range of amenities, including schools, parks, public transport, and shopping centers. This convenience makes it an attractive option for future residents, enhancing its appeal and potential resale value.With two separate titles, you have the flexibility to explore various investment strategies, whether you choose to develop both properties simultaneously or at different stages. Dont miss out on this unique opportunity to invest in a thriving community with significant growth potential.Key Features27 & 29 Spruhan Avenue Norlane $550,000- $600,000 EACHDevelopment Approved: Plans for 8 townhouses in place.Spacious Block: 1,664 m lot size both. 832m2 Each property.Dual Titles: Two separate titles for flexible investment options.Current Rental Income: Both properties rented out for immediate cash flow.Prime Location: Close to schools, parks, public transport, and shopping centers.
Property History for 27 Spruhan Ave, Norlane, VIC 3214
- 21 May 2025Sold for $510,000
- 21 Feb 2025Listed for Sale $499,000 - $539,000 x4 Units Approved
- 01 Oct 2024Listed for Sale $1,200,000 - $1,300,000
Recent sales nearby
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0About 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 5,530 properties. Over the last 5 years, Houses in Norlane have seen a 28.05% increase in median value, while Units have seen a 28.98% increase. As at 31 May 2026:
- The median value for Houses in Norlane is $542,777 while the median value for Units is $438,566.
- Houses have a median rent of $410 while Units have a median rent of $420.
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