23 Larch Street, Thomastown, VIC 3074 | House for sale | OnTheHouse
 
FOR SALE
$690,000 - $750,000

23 Larch Street
Thomastown VIC 3074

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 650m2
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Auction Time
Sat 19 Sep 11:30 am
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No upcoming inspections scheduled.
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Develop, Renovate or Rebuild - 655sqm of Potential

Set on a substantial allotment of approximately 655sqm, this property presents an exciting opportunity for developers, builders, investors, renovators and home buyers seeking to capitalise on a sizeable parcel of land in a well-established location.
Adding to its appeal, plans and permits were approved in 2015, potentially providing an opportunity for reinstatement, subject to council approval. Whether you're looking to develop, renovate the existing residence or create a brand-new home (STCA), the property offers an exciting range of possibilities.
The existing residence features three well-proportioned bedrooms, a generous formal living room, open-plan kitchen and dining area, central bathroom, sunroom, laundry and additional outdoor toilet, providing a practical foundation for renovation or immediate use.
Outside, an expansive driveway and hardstand area lead to a substantial garage and workshop, offering excellent vehicle accommodation, storage and workspace. The generous rear yard, complete with established fruit trees, further highlights the scale, functionality and versatility of the allotment.
Conveniently positioned close to schools, shopping, public transport, parklands and the M80 Ring Road, this is a rare opportunity to secure approximately 655sqm of land with immediate usability and exciting future potential.
Develop, renovate, rebuild or invest - the opportunity is yours.
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Property Details for 23 Larch St, Thomastown

23 Larch St, Thomastown is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 650m2. The place is currently for sale with Ray White Wollert.

Building Type
House
Land Size
650m2
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About Thomastown 3074

The size of Thomastown is approximately 14.7 square kilometres. There are 23 parks, covering nearly 4.0% of the total area. The population of Thomastown in 2016 was 20523 people. By 2021 the population was 20234 showing a population decline of 1.4% in the area during that time. The predominant age group in Thomastown is 30-39 years. Households in Thomastown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Thomastown work in a trades occupation.In 2021, 67.80% of the homes in Thomastown were owner-occupied compared with 68.50% in 2016.

Thomastown has 12,200 properties. Over the last 5 years, Houses in Thomastown have seen a 8.98% increase in median value, while Units have seen a 21.92% increase. As at 31 July 2026:

  • The median value for Houses in Thomastown is $774,005 while the median value for Units is $557,303.
  • Houses have a median rent of $543 while Units have a median rent of $490.
There are currently 68 properties listed for sale, and 42 properties listed for rent in Thomastown on OnTheHouse. According to Cotality's data, 527 properties were sold in the past 12 months in Thomastown.

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Mike Assaad
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Ibrahim El Jaleel
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Ray White Wollert
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