121 Princes Highway, Norlane, Vic 3214

$380,000 - $418,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings
305 mΒ²
Area

Published on Wednesday, August 05, 2026 ( See property details for 121 Princes Highway, Norlane, Vic 3214)

$380,000 - $418,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-maintained three-bedroom duplex in a highly accessible location offering excellent investment potential and future development scope.

🏑 Property Highlights

  • Well-maintained three-bedroom duplex with own title and no body corporate
  • Potential to add an additional bathroom or ensuite (STCA)
  • Currently leased with attractive rental income of approximately $350 per week
  • Excellent location close to train station, shopping, schools, and medical facilities
  • Strong investment opportunity with future growth potential
  • Adjacent duplex also well cared for, creating a cohesive and appealing pair

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Gas Cooking
  • Separate Living Areas
  • Potential for Ensuite (STCA)
  • Close to Train Station
  • Close to Schools
  • Close to Medical Facilities
  • Easy Access to Ring Road
  • Secure Parking
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121 Princes Highway
Norlane, VIC 3214
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Vertical aerial view β€” 121 Princes Highway
121 Princes Highway — Vertical Aerial  •  Norlane, VIC 3214  •  Nearmap © 2026

Norlane is a highly sought-after suburb known for its affordability, strong community vibe, and excellent connectivity. It offers easy access to Melbourne CBD, local shopping, schools, and medical facilities, making it ideal for professionals, families, and investors. The area features well-maintained homes and a friendly neighbourhood atmosphere, with ongoing development and growth prospects ensuring long-term value. Its proximity to transport links and major roads provides convenient commuting options for residents.

What are the current rental conditions and potential income for this property?
The property is currently leased with an estimated rental income of approximately $350 per week, making it an attractive investment opportunity.
Can I add an additional bathroom or ensuite to this property?
Yes, there is potential to add an extra bathroom or ensuite (STCA), which could further increase the home's value and appeal.
What amenities and facilities are nearby?
The property is close to train stations, local shopping centres, schools, medical facilities, and offers easy access to the Ring Road for Melbourne travel.
Is there scope for future development or renovation?
Yes, the spacious floorplan and potential to add an extra bathroom or ensuite provide opportunities for future enhancement.
What makes this property a good investment?
With strong rental income, a sought-after location, and future development potential, this property offers excellent long-term investment prospects.
Are there any zoning restrictions or easements affecting the property? Has the property been inspected for structural defects or pest issues? Are there any upcoming planning or development projects in the area that could impact the property? What are the total costs involved, including stamp duty, legal fees, and ongoing maintenance? Is the property compliant with all building and safety regulations? Are there any restrictions or covenants on the property title? What is the history of the property's occupancy and rental performance? Are there any known issues with the neighbouring duplex or surrounding properties? Is there any ongoing or planned infrastructure development nearby? What are the terms of the current lease, and when is it due for renewal?

121 Princes Highway, Norlane, Vic 3214 - More Details

$380,000 - $418,000

An exceptional opportunity awaits at 121 Princes Highway, Norlane - a rare chance to secure a beautifully maintained three-bedroom duplex property with its own title, defined boundaries, and no body corporate.

Offering an exciting opportunity for first-home buyers, downsizers, or investors, this home presents the chance to enter the market and secure a fabulous sound property with immediate appeal and future potential scope within the current floorplan to create another bathroom or ensuite.

Positioned in a convenient and highly accessible location that's second to none, highly sought after for professionals whilst being the closest and largest regional area to Melbourne CBD). A tenant is already in place offering an attractive opportunity for those looking to add a quality investment to their portfolio.

The spacious floorplan features three generous bedrooms, an updated kitchen with gas cooking, and two separate living areas providing flexibility for comfortable everyday living. The layout also offers exciting potential for further enhancement, with the opportunity to add an additional bathroom or ensuite (STCA), allowing the next owner to further increase the home's appeal and value.

Adding to the appeal is the flexibility of the vendor, creating a genuine opportunity for buyers seeking value, potential, and a property they can be proud to own.

A standout feature of this property is the neighbouring duplex also being exceptionally well maintained. It is uncommon to find a duplex arrangement where both owners take such pride in their homes, creating a well-presented and cared-for pair.

Currently leased, with a rental appraisal of approximately $350 per week, this property offers strong investment credentials while also appealing to those looking to make their first step into the property market.

While the address may initially be overlooked, the convenience of this location is undeniable. Positioned close to the train station, local shopping, schools, medical facilities, and with easy access to the Ring Road, this home provides excellent connectivity for both local commuting and Melbourne travel, with Melbourne CBD approximately 45 minutes away.

Combining affordability, quality, convenience, and future potential, 121 Princes Highway represents a rare opportunity to secure an updated and well-maintained home in a sought-after position. A flexible vendor, quality tenant, and exciting possibilities make this a property worthy of inspection.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
2
Area
305 mΒ²

Price guide

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