554 Thompson RoadNorlane VIC 3214
Property Details for 554 Thompson Rd, Norlane
554 Thompson Rd, Norlane is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 3 bedroom House sold in Norlane in the last 12 months.
Last Listing description (July 2023)
RENOVATORES, INVESTORS & FIRST HOME BUYERS
This ideally located property with untapped potential is now calling out for the next owner to take full advantage of the endless possibilities available here. Situated on an allotment of approx. 604m2 is the opportunity for the astute purchaser to secure a generous allotment. Primed and ready for the savvy investor, first home buyer, or developer.
On entry a spacious living room takes charge, full of natural light, this is the perfect location for a growing family with timber flooring flowing throughout. Kitchen/dining area which is well-equipped and complimented by a wall oven, cooktop and plenty of storage, perfect for servicing growing families. Three well sized bedrooms, a central bathroom with toilet and a separate laundry with linen cupboards in the hallway adding extra storage space.
Stepping out the back sliding door to an undercover area overlooking the spacious rear yard. There you'll find a shed, carport and plenty of room for the kids or pets to roam free.
Additionally, close by to local schools, public transport, medical centres, ovals, Shopping precinct and the Princes Highway for commuters.
For the owner-occupier, the property is ready and waiting for you to make your mark and buy in developing part of town. Either as-is, or with minor renovations, this property is an affordable home ready to live-in or improve or both. And for the developer, the options are vast depending on your plans subject to council approval.
Property History for 554 Thompson Rd, Norlane, VIC 3214
- 10 Jun 2023Sold for $455,000
- 06 Jun 2023Listed for Sale $390,000 - $410,000
- 18 May 2023Listed for Rent $350.00
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 5,521 properties. Over the last 5 years, Houses in Norlane have seen a 33.47% increase in median value, while Units have seen a 25.15% increase. As at 30 April 2026:
- The median value for Houses in Norlane is $545,760 while the median value for Units is $435,569.
- Houses have a median rent of $410 while Units have a median rent of $420.
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