48 Rose AvenueNorlane VIC 3214
Property Details for 48 Rose Ave, Norlane
48 Rose Ave, Norlane is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 727m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 2 bedroom House sold in Norlane in the last 12 months.
Last Listing description (September 2026)
POTENTIAL:
Positioned on a substantial 727m (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 P8 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
- Approx. 5-minute drive to Corio Village Shopping Centre featuring Coles, Woolworths, Kmart and specialty stores
Enjoy easy access to the Geelong Ring Road, Geelong CBD, parklands, sporting facilities and local shops, all within a rapidly growing and well-connected pocket of Norlane.
Whether you're looking to build immediately, expand the existing home, create dual occupancy or secure a high-potential site with approvals already in place, this property delivers a ready-to-go opportunity with outstanding flexibility.
Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist
Property History for 48 Rose Ave, Norlane, VIC 3214
- 26 Aug 2026Sold for $550,000
- 11 May 2026Listed for Sale $550,000
- 09 Sep 2018Sold for $400,000
Recent sales nearby
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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 5,577 properties. Over the last 5 years, Houses in Norlane have seen a 19.67% increase in median value, while Units have seen a 17.86% increase. As at 31 August 2026:
- The median value for Houses in Norlane is $540,546 while the median value for Units is $435,640.
- Houses have a median rent of $410 while Units have a median rent of $420.
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