121 Princes Highway, Norlane, Vic 3214

$380,000 - $418,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings
305 m²
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

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

Type
House
Bedrooms
3
Bathrooms
1
Parkings
2
Area
305 m²

Price guide

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