87 Cedar Street
Thomastown, VIC 3074

Overview

Off-Market Investment Opportunity - Proven Rooming House Income

A rare opportunity to secure a high-yield investment in a prime Thomastown location. Currently operating as a registered rooming house, this well-maintained property provides an established income stream while offering future flexibility for investors and owner-occupiers alike.

The property is configured with multiple rooms, common living areas, kitchen facilities and shared bathrooms, designed to maximise rental return and tenant comfort. With strong occupancy and multiple income streams, it presents an excellent set-and-forget investment with attractive returns.

Current rental figures show a gross income of approximately $50,000+ per annum across four rooms, delivering a solid return for investors seeking immediate cash flow.

Positioned directly opposite a school and within easy reach of local shops, transport and amenities, the location ensures consistent demand from tenants.

For those looking longer term, the property also provides the flexibility to convert back to a traditional residential home (STCA), creating additional upside for future owner-occupiers or renovators.

Key Highlights
• Established rooming house investment
• Approx. $50,000+ annual gross income
• Strong tenant demand and proven occupancy
• Generous allotment of approx. 416m²
• Multiple bedrooms with shared kitchen and bathroom facilities
• Excellent Thomastown location - school directly across the road
• Potential to convert back to a residential dwelling

This is an outstanding opportunity for investors seeking strong rental returns with future flexibility.

Location