64 Heyington Avenue
Thomastown, VIC 3074

Overview

2 Properties On One Title

This property presents an exceptional investment opportunity situated on a substantial corner allotment of approximately 700 square meters, offering immediate rental income alongside promising future development potential.

The site currently comprises two well-maintained residential units, each featuring its own private backyard and secure lock-up garage. This dual-occupancy setup is particularly attractive for investors seeking a dependable rental income or for those considering future redevelopment options, subject to council approval.

Both units are designed with functional kitchens and comfortable living spaces, providing practical layouts that cater to the needs of modern tenants. The interiors are well proportioned and require minimal maintenance, contributing to their consistent popularity in the rental market.

Unit 1 is constructed with brick veneer and includes three spacious bedrooms, while Unit 2, built with weatherboard, offers two bedrooms. This configuration provides flexible accommodation suitable for singles, couples, or small families. Each unit is complemented by a well-appointed bathroom and benefits from excellent natural light throughout the living areas.

A notable feature of this property is the provision of separate outdoor areas for each unit, with private backyards that enhance lifestyle appeal and add significant value in the rental market. The inclusion of individual garages further enhances convenience and privacy, attributes that are seldom found in multi-unit properties.

Strategically located within walking distance to Thomastown Train Station and local schools, the property is also just minutes from the vibrant Station Street shopping precinct, which offers a variety of cafes and eateries. Accessibility is further enhanced by proximity to the Metropolitan Ring Road and major arterial routes, making it an ideal location for commuters and supporting future growth prospects.

This offering represents a prime chance to acquire a high-performing investment with substantial long-term upside in a rapidly developing area.

Additional details include a land size of approximately 694 square meters, a deposit requirement of 10% of the purchase price, flexible settlement preferences of 30, 60, or 90 days, and a combined rental assessment of $3,600 per calendar month for both units. There are no owners corporation fees associated with this property.

Location