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Back 27 Spruhan Ave
Off Market

27 Spruhan Ave

Norlane VIC 3214

3
1
2
832 m²
House
Last sold for $510,000
Ali BandariAli Bandari, last sold this property on 12 June 2025 after 254 days on market.

Overview

Exceptional Development Opportunity on 832m2

Discover an exceptional investment opportunity with this prime development site located at 27 Spruhan Ave in Norlane. Spanning a generous 832m², this property comes with approved plans for 4 townhouses, making it an ideal choice for developers seeking to meet the growing demand for modern living spaces in the area. Both properties are currently rented out, providing immediate cash flow while you prepare for development. This ensures you can start your investment journey with a solid foundation, allowing for a seamless transition from rental income to development. The location is key, with the property situated close to a range of amenities, including schools, parks, public transport, and shopping centers. This convenience makes it an attractive option for future residents, enhancing its appeal and potential resale value. With two separate titles, you have the flexibility to explore various investment strategies, whether you choose to develop both properties simultaneously or at different stages. Don’t miss out on this unique opportunity to invest in a thriving community with significant growth potential. Key Features 27 & 29 Spruhan Avenue Norlane $550,000- $600,000 EACH Development Approved: Plans for 8 townhouses in place. Spacious Block: 1,664 m² lot size both. 832m2 Each property. Dual Titles: Two separate titles for flexible investment options. Current Rental Income: Both properties rented out for immediate cash flow. Prime Location: Close to schools, parks, public transport, and shopping centers.

Features

3 bedrooms
1 bathroom
2 carspaces
2 garage spaces
832 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Norlane over the last 12 months, the estimated median property value of 27 Spruhan Ave is $535k.

Median value
$535k
Estimated value range
$340k - $680k
Median days on market
35
Estimated value trend
14%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Norlane. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 27 Spruhan Ave

2025
Sold
$510,000
12 Jun 2025 by Ali Bandari, of Area Specialist Geelong City
2023
Rented
Undisclosed
Leased on 22 Mar 2023 by Barry Plant - Geelong
2021
Rented
Undisclosed
Leased on 12 Oct 2021 by Barry Plant - Geelong

Happy sellers in Norlane

90%
90% of sellers in Norlane reported that their sale price either exceeded or met their price expectations.

Norlane stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Norlane over the last 12 months.

Local market activity for 3 bedroom houses in Norlane

In the last 12 months, 121 three-bedroom houses similar to 27 Spruhan Ave, have been sold.

This represents a 24% decrease in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Norlane

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Ali Bandari

Sellers who recommend Ali Bandari have praised them for being clear communication, local expert, responsive, reliable, honest, empathetic and friendly

  •   5   (109 reviews)
  •  8 Reviews in Norlane
  •  47 Sales in Norlane
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Kade Camilleri

Kade Camilleri is an award winning recommended agent for Norlane.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   4.9   (261 reviews)
  •  2 Reviews in Norlane
  •  3 Sales in Norlane
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Matthew Roberts

Sellers who recommend Matthew Roberts have praised them for being clear communication, local expert, pleasant, responsive, reliable, friendly and easy to work with

  •   4.9   (92 reviews)
  •  2 Reviews in Norlane
  •  2 Sales in Norlane
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Yan Lin

Sellers who recommend Yan Lin have praised them for being clear communication, local expert, responsive, friendly, dedicated, supportive and honest

  •   4.9   (504 reviews)
  •  2 Reviews in Norlane
  •  1 Sale in Norlane
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