1 Caroline StreetThomastown VIC 3074
Property Details for 1 Caroline St, Thomastown
1 Caroline St, Thomastown is a 8 bedroom, 4 bathroom Unit with 2 parking spaces. The property has a land size of 554m2 and floor size of 126m2.
Last Listing description (September 2023)
A rare and unique investment opportunity to purchase a whole block of units all on separate titles and sitting on a huge parcel of land approx 630sqms of prime real estate.
Each unit comprises 2 bedrooms, a lounge, a well-appointed kitchen with a meals area, a bathroom and onsite parking. In a position that is very desirable to tenants, just metres to Thomastown train station, spoilt for choice shopping options, the multicultural hub of both High and Station Streets strip shopping, cafes, eateries, local schools, recreational facilities and easy reach to the Ring Road Network.
With a projected rental return of approx $53,000 per annum, this superb investment opportunity offers the astute buyer an instant rental yield/great cash flow or LANDBANK. for future capital growth with excellent scope to increase returns or the possibility of strata title or redevelopment (STCA.)
Property History for 1 Caroline St, Thomastown, VIC 3074
- 02 Aug 2023Listed for Sale Auction Saturday 2nd September at 2:30pm
Recent sales nearby
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About Thomastown 3074
The size of Thomastown is approximately 14.7 square kilometres. It has 23 parks covering nearly 4.0% of 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 12,136 properties. Over the last 5 years, Houses in Thomastown have seen a 19.21% increase in median value, while Units have seen a 24.07% increase. As at 31 March 2026:
- The median value for Houses in Thomastown is $801,699 while the median value for Units is $557,139.
- Houses have a median rent of $530 while Units have a median rent of $480.
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