FOR SALE
$500,000 - $540,000

18/5 Thompson Road
Patterson Lakes VIC 3197

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Secure, Stylish, and Steps to Everything!

Live like you're on holiday every single day in this private and secure 2-bedroom apartment, offering a magnificent low-maintenance lifestyle on the Patterson Lakes waterfront with on-site pool amenities and Lakeview Shopping Centre on your doorstep.
An open-concept interior makes for effortless living where every piece of furniture can sprawl out in its right place, opening outdoors to a large balcony overseeing the secure community's inground pool facilities. A granite-topped kitchen is a perfect space for casual gourmet creations, boasting a suite of premium appliances and abundant cabinetry ready for the avid home chef. A private balcony is a perfect space to retreat to in the large master bedroom, with a huge walk-in robe and ensuite providing a welcome lavish touch, while the bathroom/laundry combination is perfectly positioned by the second bedroom.
Complete with split-system air conditioning, secure complex entry, a single garage with storage and direct stairwell access, it sits in perhaps the best spot in all of Patterson Lakes, midway between the shopping centres and The Cove Hotel, with buses and the waterfront at your doorstep, the beach at the end of the street, and freeway access to Melbourne and the Mornington Peninsula about a minute's drive away.
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Property Details for 18/5 Thompson Rd, Patterson Lakes

18/5 Thompson Rd, Patterson Lakes is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with OBrien Real Estate Carrum Downs.

Building Type
Apartment

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About Patterson Lakes 3197

The size of Patterson Lakes is approximately 4.3 square kilometres. It has 17 parks covering nearly 11.5% of total area. The population of Patterson Lakes in 2011 was 7,582 people. By 2016 the population was 7,538 showing a population decline of 0.6% in the area during that time. The predominant age group in Patterson Lakes is 40-49 years. Households in Patterson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Patterson Lakes work in a professional occupation. In 2011, 78.3% of the homes in Patterson Lakes were owner-occupied compared with 79.4% in 2016.

Patterson Lakes has 4,030 properties. Over the last 5 years, Houses in Patterson Lakes have seen a 13.62% increase in median value, while Units have seen a 7.39% increase. As at 31 January 2025:

  • The median value for Houses in Patterson Lakes is $1,190,967 while the median value for Units is $663,728.
  • Houses have a median rent of $835 while Units have a median rent of $565.
There are currently 20 properties listed for sale, and 13 properties listed for rent in Patterson lakes on OnTheHouse. According to CoreLogic's data, 137 properties were sold in the past 12 months in Patterson lakes.

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Michelle Stephens
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OBrien Real Estate Carrum Downs
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