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15 Thornton Street, Camperdown VIC 3260

$395,000-$420,000

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$395k - $415k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 1 Car 918 m²

Listed: 7 days ago

Updated: 10 hours ago

Overview

This property offers a rare opportunity to own an Edwardian-style cottage along with a fully self-contained one-bedroom flat on a generous 918 square meter parcel of prime residential land. The combination provides both a comfortable living environment and excellent income potential through tenancy of both the main residence and the additional flat.

Set on substantial grounds, the main house impresses with its classic layout, featuring an entrance hall that leads to two primary bedrooms and a separate sitting room equipped with reverse cycle air conditioning for year-round comfort. The kitchen and dining area offer practicality combined with a walk-in pantry for ample storage, complemented further by a dedicated study, a bathroom, laundry, separate WC, and a mud room that enhances functionality. The property also includes a single garage with its own WC, augmenting convenience and utility.

The adjoining granny flat presents an open-plan kitchen, dining, and living area, also featuring reverse cycle air conditioning, a bedroom with built-in robes, and an ensuite bathroom, making it an ideal space for independent living or potential rental income.

Notably, both the main home and the granny flat operate with independent power and water supplies, ensuring autonomy and efficiency in managing utilities. Investors will find the strong rental return attractive, with estimates suggesting achievable weekly rents of $350 for the house and $250 for the flat, potentially providing a 7% return on investment.

This setup is well suited to investors seeking a steady income stream or families requiring flexible living arrangements, including multigenerational setups. The property's generous land size also presents possibilities for future enhancements or landscaping to increase its appeal further.

Inspection is by appointment only, underscoring the private and exclusive nature of this unique offer in Camperdown.

Local Market Insights

In Camperdown, Quiet Listings observed 6 new houses entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $633,333. The property type mix of listed properties is predominantly Houses at 86%, followed by land (14%). The most active agency for houses in the Camperdown area is currently Ray White, representing 67% of new listings, followed by Falk & Co with 33%. 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.