554 Thompson Road
Norlane, 3214 VIC
1950 house on a 604 m² block with 15m frontage.
Property Snapshot
1950House3 Bed1 Bath2 Off Street604 m² Land94 m² Internal15m Frontage
Investment Highlights
What makes 554 Thompson Road compelling from a buying and value-add perspective.
Market Status
Off Market
Land Size
604 m²
Frontage
15m
Zoning
GRZ1
Residential - Medium Density
Why Buyers Look At This One
Rare add-value profile — 1950 house on a 604 m² block and a 15m frontage.
Renovate upside — modest 94 m² internal area creates a clear renovation, extension or reconfiguration opportunity.
Walkable transport position — approx. 115m to bus, 1.8km to train station and 1.4km to schools.
Neighbourhood quality — strong owner occupier setting with low-turnover character housing nearby.
Property Snapshot
Core facts, planning controls and ownership history.
Bedrooms
3
Bathrooms
1
Parking
2 off-street
Internal Area
94 m²
Ownership & Value
Last Sold$550k
Sold DateApr 2026
Land Value—
RPD337\LP54862
Planning & Site
Property TypeResidential
AccessSingle Access
Height Limit—
Max Storeys—
Wide FrontageResidential
Pricing & Valuation
Guide, estimate and broader pricing context.
Market Status
Off Market
3 Bed Median
$523k
Growth Since 2026
—
Price Estimate
—Low
$550k
—High
VeryHigh Confidence
—
Since last sold — $550,000 — April 2026
Suburb 3 bed house median price over time
Rental Market
Yield, rental pricing and local leasing landscape.
Median Rent
$425
3 Bed Yield
4.2%
Vacancy
1.9%
Rentals Last 12M
20
Suburb 3 bed house median rent over time
Planning & Risk Overlays
Important due diligence considerations for this property.
Flood Overlay Detected
No flooding known in this area
Other Overlays
Bushfire: No bushfire known in this area. Heritage: No heritage known in this area. Biodiversity: No biodiversity known in this area.
Location & Connectivity
Access to transport, schools and local amenity around 554 Thompson Road.
Train Station
1.8km
Bus Stop
115m
Schools
1.4km
Road Type
secondary
Transport: Easy access to nearby train station and frequent bus routes.
Lifestyle: Walking distance to local shops, parks and nearby dining precincts.
Positioning: Quiet residential street with strong owner occupier presence and limited turnover.
Neighbourhood Profile
Proximity to amenities and local context impacting livability.
Social Housing
20.7%Train Station
1.8kmBus Stop
115mCentre Zone
516mRoad Type
secondary (Medium Noise)School Catchment
1.4kmNorlane Snapshot
Broader suburb metrics that support the local story.
Population
8,682
Owner Occupiers
41%
Social Housing
20.7%
Crime Index
—
Not available
Low Stock on MarketLow Vacancy
Explore Norlane in more detail
Deep dive into growth, demand, demographics and comparable sales.
View Suburb Profile
