Big Norlane home sets record for northern suburb

A contemporary, two-storey residence has achieved the highest price ever paid for a unit or townhouse in Norlane.

The four-bedroom residence, which occupies a 313sq m block at 2/104 Robin Avenue, was snapped up for $520,000.

The home, built in 2018, sits opposite Norlane’s Ibis Reserve parkland and is one of the biggest in the northern suburb.

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Harcourts, North Geelong agent Jasmin Jurkovic said she was interested to see how it would perform when it hit the market late last year, given the opinion many buyers had of the area.

“The original purchasers were from Melbourne and they were basically retiring and going back to Adelaide,” she said.

Ms Jurkovic said they had quickly worked out the area after purchasing in 2019, but they had no problems at all.

She said the buyers were homeowners keen to move in.

The house offers three first-floor bedrooms and a retreat, with another bedroom, plus a study and the main lounge, kitchen and dining room on the ground floor.

“They like the proximity — it’s close to everything, with the medical centres, the pool and the lady works in the medical facility that’s just been built,” Ms Jurkovic said.

“It ticks all the boxes and believe it or not, I had a lot of people inspecting the property.”

The original block, which had been cleared, sold for $76,000 in 2014, records show.

The residence previously sold in 2019 for $480,000.

“I’m sure everybody laughed at the block buying it, subdividing it and building such a big home,” she said.

“But the original owner lived in it first and then he sold it off.

“It catered for his family and he built the unit at the back.”

Norlane’s median unit price has risen 13 per cent is a year to $328,000, according to realestate.com.au data.

The median house price in the suburb is $371,000, 6 per cent higher than this time last year.