2/64 Tennyson Street

Norlane VIC 3214

236 m²

Land

Currently for sale - view listing

Overview

Build with confidence 14.4% growth in 12 months, great rental yields 4 - 4.5%.

BUILD YOUR DREAM IN ONE OF NORLANE'S PRETTIEST STREETS. Approx. 236m² | Planning Permit | Services Ready | Brand-New Driveway. A rare opportunity to secure a flat, ready-to-build block in one of Norlane's most attractive tree-lined streets. With approximately 236m² of flat land, the hard work has already been done, including: · Planning permit in place · Brand-new driveway · Electricity connection ready · Barwon Water connection ready · Sewer connection ready The block could ideally suit a cleverly designed 3-bedroom, 2-bathroom, 2-car garage home or potentially a 4/2/2, subject to design and approvals. For investors, this is an exciting opportunity to build a modern home designed specifically for the rental market. A 3/2/2 in this location may achieve an indicative 4–4.5% rental yield, subject to final build cost, rent and market conditions. WHY THIS BLOCK? You choose the home. You choose the design. You choose the finish. No renovation. No compromise. Just a clean slate in a location you can't change - and this is a particularly good one. With beautiful established trees, attractive homes and a great neighbourhood feel, this street is a standout. According to realestate.com.au, area statistics published September 2026, Norlane recorded approximately 14.4% growth over the past 12 months. As an indicative guide, a basic 3/2/2 home on the site could potentially achieve a future sale result around $500,000–$560,000, depending on the build, specifications and market conditions. Build it. Live in it. Rent it. Hold it. The opportunity is yours.