A recent, two-storey residence has achieved the very best value 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 house, in-built 2018, sits reverse Norlane’s Ibis Reserve parkland and is likely one of the greatest within the northern suburb.
Harcourts, North Geelong agent Jasmin Jurkovic stated she was to see how it could carry out when it hit the market late final yr, given the opinion many patrons had of the world.
“The unique purchasers have been from Melbourne and so they have been mainly retiring and going again to Adelaide,” she stated.
Ms Jurkovic stated they’d shortly labored out the world after buying in 2019, however they’d no issues in any respect.
She stated the patrons have been householders eager to maneuver in.
The home provides three first-floor bedrooms and a retreat, with one other bed room, plus a examine and the principle lounge, kitchen and eating room on the bottom flooring.
“They just like the proximity — it’s near every little thing, with the medical centres, the pool and the girl works within the medical facility that’s simply been constructed,” Ms Jurkovic stated.
“It ticks all of the containers and imagine it or not, I had lots of people inspecting the property.”
The unique block, which had been cleared, offered for $76,000 in 2014, data present.
The residence beforehand offered in 2019 for $480,000.
“I’m positive all people laughed on the block shopping for it, subdividing it and constructing such an enormous house,” she stated.
“However the unique proprietor lived in it first after which he offered it off.
“It catered for his household and he constructed the unit on the again.”
Norlane’s median unit value has risen 13 per cent is a yr to $328,000, in keeping with realestate.com.au knowledge.
The median home value within the suburb is $371,000, 6 per cent larger than this time final yr.