Exceptional Investment Opportunity with Creek Views & $580p/w Rent

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24 Gilfillan Circuit, Thornhill Park VIC 3335

$570,000 - $627,000 - Receiving $580 P/w Rent

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$570k - $599k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 2 Cars 417 m²

Listed: 29 days ago

Updated: 13 days ago

Overview

24 Gilfillan Circuit in Thornhill Park is a thoughtfully designed house tailored for savvy investors seeking steady rental income with long-term growth potential. Situated on a generous 417sqm allotment, the property enjoys serene creek views and backs onto lush parkland, providing a tranquil environment that enhances tenant appeal.

The residence boasts four well-proportioned bedrooms, with the master offering the privacy of an ensuite and walk-in wardrobe, complemented by built-in robes in the remaining bedrooms. The flexible floorplan includes two living areas, allowing separation of living and entertainment spaces to suit modern lifestyles.

A highlight is the spacious open-plan kitchen fitted with premium 900mm appliances and stone benchtops, which extends seamlessly into the dining and living areas. Quality finishes and fixtures continue into the bathrooms, elevating functionality and aesthetic appeal. Climate comfort is ensured throughout the home with central ducted heating and a reverse-cycle split system, catering for all seasonal needs.

Designed for low-maintenance living, the outdoor spaces feature easy-care gardens and capitalize on the adjacency to playgrounds and natural open space, offering an attractive outlook without demanding upkeep.

The property's location further underscores its investment strength. It is within walking distance of Thornhill Park Primary School and Thornhill Central Shopping Centre, offering everyday conveniences such as supermarkets, fitness centers, and dining options. Ample parks and walking trails nearby add lifestyle value, appealing to tenants prioritizing quality community amenities.

Currently tenanted at approximately $580 per week, this opportunity delivers an immediate rental yield of over 5.1%, supported by an existing excellent tenant. This combination of reliable income, quality accommodation, and a well-connected location makes 24 Gilfillan Circuit an appealing asset for a range of investors aiming for stable returns and future capital growth.

Local Market Insights

In Thornhill Park, Quiet Listings observed 37 new houses entering the market over the last 30 days, down from 48 during the previous 30-day period, with an average advertised asking price of $673,957. The property type mix of listed properties is predominantly Houses at 84%, followed by land (14%), and townhouses (2%). The most active agency for houses in the Thornhill Park area is currently Ray White, representing 27% of new listings, followed by Ancora Property Group with 19%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.