48 ROSE AVENUE, Norlane VIC 3214

POTENTIAL: Positioned on a substantial 727m² (approx.) allotment in a highly convenient Norlane location, this is a rare opportunity offering approved permits, flexibility and immediate upside for builders, developers, investors or owner-occupiers looking to maximise the site's potential. With permits already approved and valid through to 2030, the hard work has been done. The approved plans provide flexibility to extend the existing dwelling while also constructing a second residence at the rear, creating multiple pathways for future value and income generation. Adding even further appeal, the building permit is essentially ready to go (subject to building contract), allowing buyers to fast-track the project with minimal delay. The current owner can also assist by connecting purchasers with the existing project manager for a seamless transition into the next stage. CURRENT BENEFITS: The existing home offers comfortable accommodation with multiple bedrooms, spacious living, functional kitchen and bathroom spaces, plus a large backyard, garage and extensive off-street parking. With a fantastic long-term renter in place on a month-to-month basis, immediate income is guaranteed while you plan your next move. LOCATION: - Approx. 10-minute walk to Northern Bay College – Tallis Street P–8 Campus - Approx. 8-minute walk to St Thomas Aquinas Primary School - Approx. 15-minute walk to North Shore Train Station with direct Melbourne CBD access - Approx. 5-minute drive to Corio Village Shopping Centre featuring Coles, Woolworths, Kmart and specialty stores Enjoy easy access to the Geelong Ring Road, Geelong CBD, parklands, sporting facilities and local shops, all within a rapidly growing and well-connected pocket of Norlane. Whether you're looking to build immediately, expand the existing home, create dual occupancy or secure a high-potential site with approvals already in place, this property delivers a ready-to-go opportunity with outstanding flexibility. Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist