SOLD $800,000 BY HILDA LEONG AND RUSSELL ADAMS

Positioned on a generous parcel of land within a highly sought after Residential Growth Zone, this original home presents an exceptional opportunity for developers, investors and renovators to secure a premium site with outstanding long term potential.

Set on a wide and well proportioned allotment, the property offers a rare chance to capitalise in a tightly held pocket of Thomastown, where land value remains strong and consistently in demand.

The existing home is offered in original condition and features a functional layout comprising spacious bedrooms, a central living area, a well sized kitchen with adjoining meals space, and a rumpus room which can also be used as a study. Comfort is enhanced by ducted heating throughout, while the home also provides the perfect foundation for those looking to renovate, rebuild or completely redevelop, including an ideal knockdown rebuild opportunity in a prime location where value continues to be underpinned by strong demand (STCA).

Further enhancing its appeal is a rear garage with drive-through access and rear roller door leading to a carport, along with additional outdoor space, providing excellent practicality and flexibility for future use.

The substantial backyard and side access further enhance the usability of the block, making it ideally suited for future multi-unit development or the creation of a brand-new luxury residence (STCA).

Prime position in Thomastown, just moments from Thomastown Railway Station, with seamless access to the Metropolitan Ring Road via Dalton Road. Families will appreciate the proximity to Thomastown East Primary School, Lalor East Primary School and Lalor Secondary College, while shopping and amenities are well catered for with Pacific Epping Shopping Centre and Lalor Plaza Shopping Centre nearby.

Whether you choose to renovate, rebuild or redevelop, this is a rare opportunity to secure a substantial landholding in a prime location where value is underpinned by long term demand and strong growth fundamentals.

Land Size: 702m2 (Approx)
Deposit: 10% of the purchase price
Settlement Preference: 30/45/60/90 days
Rental Assessment: $500-$550 per week

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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Explore the area

School catchments

St Luke's School Primary Prep-6 Catholic 0.57km
Thomastown East Primary School Primary Prep-6 Government 0.75km
Thomastown Primary School Primary Prep-6 Government 0.75km
Lalor Primary School Primary Prep-6 Government 1.1km
Peter Lalor Secondary College Secondary 10-12 Government 1.1km
Lalor Secondary College Secondary 7-12 Government 1.3km
Thomastown Secondary College Secondary 7-12 Government 1.3km
Thomastown West Primary School Primary Prep-6 Government 1.5km
Lalor East Primary School Primary Prep-6 Government 1.5km
St Clare's School Primary Prep-6 Catholic 1.8km
Lalor North Primary School Primary Prep-6 Government 1.8km
St Catherine's School Primary Prep-6 Catholic 1.8km
St John XXIII Primary School Primary Prep-6 Catholic 1.9km
Lalor Gardens Primary School Primary Prep-6 Government 2.1km
Thomastown Meadows Primary School Primary Prep-6 Government 2.3km
William Ruthven Secondary College Secondary 7-12 Government 2.4km
Lalor North Secondary College Secondary 7-12 Government 2.4km
William Ruthven Primary School Primary Prep-6 Government 2.5km
St Monica's College - Dalton Road Campus Secondary Catholic 2.8km
Norris Bank Primary School Primary Prep-6 Government 2.9km
Maharishi School of the Age of Enlightenment Primary Prep-6 Independent 3.0km
St Monica's College - Davisson Street Secondary 7-12 Catholic 3.2km
Y Community School Secondary 10-12 Independent 3.3km
Northside Christian College Combined Prep-12 Independent 3.8km
Yea High School-Memorial Hall campus Secondary Government 3.8km
St Monica's College - St Stephen’s/Gaudete Campus Secondary Catholic 3.8km
Epping Secondary College Secondary 7-12 Government 3.9km
Mill Park Secondary College Secondary 7-12 Government 4.3km
Parade College Secondary 7-12 Catholic 4.6km
SEDA College (Victoria) - J.E Moore Park Campus Secondary Independent 4.8km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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