507 Thompson RoadNorlane VIC 3214
Property Details for 507 Thompson Rd, Norlane
507 Thompson Rd, Norlane is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 604m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in September 2017.
Last Listing description (October 2017)
This is a great opportunity to enter the fast paced Geelong property market at an affordable entry level. Whether it's as an owner occupier or an investor the way this very neat, updated 2 bedroom home is positioned on the 604m2 (approx) block allows for potential subdivision or extension (STCA) in the future.
Featuring lovely art deco ceilings, polished floorboards & original timber dado's throughout. There is a spacious lounge, with gas heating & split system air conditioner, separate dining room, 2 bedrooms, updated bathroom & rear sunroom. The renovated kitchen features new cabinetry, gas oven & pantry. The generous back yard has established trees & boasts an oversized double garage which is sure to be a favourite place for all the boys & their toys.
Located within minutes of Corio Shopping & Medical Centers, local primary schools & bus services this could be a sound investment with an approximate rental potential of $260 per week.
Property History for 507 Thompson Rd, Norlane, VIC 3214
- 12 Sep 2017Sold for $341,975
- 29 Aug 2017Listed for Sale $295,000 - $320,000
- 05 Jul 2017Listed for Rent - Price not available
Recent sales nearby
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0About Norlane 3214
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 5,510 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:
- The median value for Houses in Norlane is $507,715 while the median value for Units is $459,799.
- Houses have a median rent of $400 while Units have a median rent of $415.
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