4 Waratah Street, Thomastown, VIC 3074 | House for sale | OnTheHouse
 
FOR SALE
AUCTION $850,000 - $920,000

4 Waratah Street
Thomastown VIC 3074

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 860m2
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Auction Time
Sat 10 Oct 12:00 pm
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An Original Beauty With 860sqm Of Development Potential

An exceptional opportunity awaits in a highly desirable Thomastown setting, where a substantial 860sqm; north-facing allotment presents an exciting proposition for builders, developers, renovators and astute buyers looking to unlock the full potential of a generous parcel of land.
Positioned on a sizeable block with a favourable north-facing orientation, this property offers the rare combination of an existing family residence and significant landholding, creating an outstanding foundation for a range of future possibilities. Whether your vision is to undertake a comprehensive renovation, create your dream family home or explore the potential for a new development, this is an opportunity that deserves serious consideration.
The existing residence offers comfortable accommodation with three bedrooms, generous living and dining areas, a well-appointed kitchen and meals area, central bathroom and separate WC. A large garage and established outdoor areas add further practicality, while the home provides a solid foundation for those looking to renovate, extend or make the most of the substantial land behind it.
For renovators, the existing home offers scope to modernise and transform the current accommodation into a contemporary family residence, while taking advantage of the generous land component and desirable northern orientation.
For builders and developers, however, the land is where the real opportunity lies. With approximately 860sqm; of land, the property provides a substantial canvas for those looking to investigate future development possibilities, subject to the necessary council approvals and planning requirements. The combination of land size and orientation makes this an appealing proposition for those searching for their next project in an established residential location.
The north-facing aspect is another key advantage, offering the opportunity to maximise natural light across a future home's living areas and outdoor spaces. For those looking to build, the size and orientation of the allotment provide flexibility when considering the design and layout of a future development.
The existing home also means buyers have the option to move in, lease out or take the time to carefully plan their next move, rather than being committed to an immediate redevelopment.
Situated in an established Thomastown neighbourhood, the property is conveniently positioned close to local shops, schools, parks, public transport and major road connections, providing the everyday convenience that makes this location so appealing.
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Property Details for 4 Waratah St, Thomastown

4 Waratah St, Thomastown is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 860m2. The place is currently for sale with Ray White Preston.

Building Type
House
Land Size
860m2
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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 12,198 properties. Over the last 5 years, Houses in Thomastown have seen a 7.15% increase in median value, while Units have seen a 20.14% increase. As at 31 August 2026:

  • The median value for Houses in Thomastown is $765,132 while the median value for Units is $552,181.
  • Houses have a median rent of $550 while Units have a median rent of $490.
There are currently 70 properties listed for sale, and 42 properties listed for rent in Thomastown on OnTheHouse. According to Cotality's data, 526 properties were sold in the past 12 months in Thomastown.

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Ian Dempsey
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Samuel Benavides
Ray White Preston
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