Positioned on a generous 641m2 (approx.) allotment, this beautifully maintained white weatherboard home offers a wonderful sense of privacy, space and serenity, creating a warm and welcoming place to call home.
Tastefully renovated throughout in 2020, the property combines comfortable existing accommodation with excellent scope to further enhance and personalise over time.
With its private fencing, generous landholding and solid underlying structure, this is a property with good bones and plenty of opportunity. It would make an appealing choice for a first home buyer or owner-occupier looking for space and privacy, while also offering investors and developers genuine value-add potential.
The existing floor plan provides a straightforward opportunity to value-add for little cost and effort, all within the current footprint. Options include adding a secondary bathroom to the rear of the home, turning the existing bathroom into an ensuite, and using the lounge room, which is also large enough, to create a separate study. As the home is on stumps, it allows for clear access for plumbing. An $8,000 - $10,000 spend will yield ROI: approximately $50,000 more in return and increase rental yield.
There is also further scope to reimagine the living spaces, with the potential to open the dining and kitchen area through to the lounge, creating a more connected, contemporary hub for everyday living and entertaining. The existing layout also provides the option to consider adding a second bathroom, subject to the necessary approvals and suitability of the works.
Currently leased at $360 per week, with a scheduled rental increase to $390 per week from October 2026, the home offers immediate holding income. The property is estimated to achieve a rental return of approximately $400–$430 per week, depending on the standard of fixtures and finishes on completion of the additional bathroom and prevailing rental market conditions.
Beyond its immediate potential, the property's generous land size and layout provide an appealing foundation for future possibilities, including potential subdivision (STCA).
Ideally positioned within easy walking distance of Norlane train station and approximately 15 minutes' walk to Corio Village Shopping Centre, the location also offers convenient access to schools, parks, medical facilities, public transport and the Princes Freeway, providing excellent connectivity to both Geelong and Melbourne.
Property Features
Beautifully maintained white weatherboard home
Tastefully renovated throughout in 2020
Generous 641m² (approx.) allotment
Private fencing offering a wonderful sense of privacy and space.
Warm, peaceful setting with plenty of room to enjoy
Existing floor plan allows for a straightforward 60m2 additional dwelling to rear on stumps (STCA)
Estimated renovation cost of approximately $8,000 - $10,000 - additional bathroom
Potential value uplift of approximately $30,000 - $60,000 (estimate only, subject to market conditions)
Scope to open the dining/kitchen area through to the lounge
Currently leased at $360 per week
Rental increase to $390 per week from October 2026
Estimated rental return of approximately $400–$430 per week once re-renovated to add a bathroom (subject to fit-out and market conditions)
Future subdivision potential (STCA): demolish and create a multi-unit site
Walking distance to Norlane train station
Approximately 15 minutes' walk to Corio Village Shopping Centre.
Appealing option for first home buyers and owner-occupiers
Strong value-add opportunity for investors and developers
Whether you're a first home buyer searching for a private and peaceful home with room to make it your own, an owner-occupier looking for a property with genuine future potential, or an investor seeking immediate rental income with multiple avenues to add value, this property deserves your attention.
With its generous landholding, private setting, solid bones, and scope to further improve, opportunities like this are becoming increasingly difficult to find. The owner advises that all genuine offers will be considered - inspect today and discover the possibilities for yourself.
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