48 Martin Street, Thornbury, VIC 3071 | House for sale | OnTheHouse
 
FOR SALE
$1,500,000 - $1,650,000

48 Martin Street
Thornbury VIC 3071

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 450m2
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Endless potential in a blue-chip thornbury location

For Sale by Expressions of Interest
Perfectly positioned in one of Thornbury’s most tightly held and convenient pockets, this double-fronted brick home sits proudly on approximately 450m² and represents a rare opportunity with outstanding potential to renovate, rebuild, or redevelop (STCA).
Behind its classic brick façade lies a spacious and flexible floorplan offering three bedrooms, two bathrooms, and two kitchens — ideal for multi-generational living, a dual-occupancy setup, or an inspired redesign. The generous allotment, complemented by valuable rear right-of-way access, provides ample scope for future improvements, extensions, or an entirely new vision to take shape.
For developers or investors, the land size, configuration, and location make it an enticing prospect for a multi-unit development (STCA), while owner-occupiers will appreciate the chance to create a dream family home in one of the inner north’s most desirable suburbs.
Situated just moments from Thornbury’s vibrant High Street, enjoy an unrivalled lifestyle surrounded by local cafés, acclaimed restaurants, boutique shopping, and easy public transport options. Stroll to nearby parks, schools, and trams, with everything you love about inner-north living right at your doorstep.
Whether you’re looking to renovate, rebuild, or redevelop, this property delivers the perfect foundation for future success — a blue-chip address offering endless potential and exceptional long-term value.
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Property Details for 48 Martin St, Thornbury

48 Martin St, Thornbury is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 450m2. The place is currently for sale with Jellis Craig Northcote.

Building Type
House
Land Size
450m2
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About Thornbury 3071

The size of Thornbury is approximately 5.1 square kilometres. It has 26 parks covering nearly 13.6% of total area. The population of Thornbury in 2016 was 18568 people. By 2021 the population was 19005 showing a population growth of 2.4% in the area during that time. The predominant age group in Thornbury is 30-39 years. Households in Thornbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Thornbury work in a professional occupation.In 2021, 55.90% of the homes in Thornbury were owner-occupied compared with 53.60% in 2016.

Thornbury has 11,349 properties. Over the last 5 years, Houses in Thornbury have seen a 12.62% increase in median value, while Units have seen a 8.36% increase. As at 31 October 2025:

  • The median value for Houses in Thornbury is $1,477,059 while the median value for Units is $634,391.
  • Houses have a median rent of $650 while Units have a median rent of $480.
There are currently 22 properties listed for sale, and 18 properties listed for rent in Thornbury on OnTheHouse. According to Cotality's data, 487 properties were sold in the past 12 months in Thornbury.

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Rocco Siciliano
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John Karr
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Jellis Craig Northcote
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