FOR SALE
$1.15m - $1.2m

378 Thompsons Road
Templestowe Lower VIC 3107

Bedrooms: 6
Bathrooms: 4
Car spaces: -
Land area: 653m2
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Prime Investment Opportunity with Significant Potential!

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Investors, seize this exceptional chance to capitalize on a high-potential property in a coveted location. This expansive six-bedroom, four-bathroom residence offers an incredible canvas for growth and redevelopment, perfectly situated within the Templestowe Valley Primary School and Templestowe College zone (STCA).
Spread across two levels, this well-maintained home features two generous living areas and a versatile layout that includes a private main bedroom upstairs with a separate retreat (complete with kitchenette) — ideal for accommodating multiple tenants or generating rental income. With additional features such as a modern central kitchen with quality appliances, alfresco entertaining space, split-system heating/cooling, two sheds, and ample off-street parking, this property is designed to meet diverse investor needs.
Set on a substantial 653sqm (approx.) block, the property presents a prime opportunity for redevelopment. Consider the potential to build a series of luxury townhouses or a stunning lifestyle residence in this desirable family-oriented neighborhood. The area benefits from exceptional connectivity, with close proximity to transport links, Ted Ajani Reserve, the Main Yarra Trail, Templestowe Village, Macedon Square, Westfield Doncaster, and the Eastern Freeway.
Don’t miss out on this promising investment opportunity with significant redevelopment potential in a sought-after location.
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Property Details for 378 Thompsons Rd, Templestowe Lower

378 Thompsons Rd, Templestowe Lower is a 6 bedroom, 4 bathroom House. The property has a land size of 653m2. The place is currently for sale with Barry Plant - Doncaster East.

Building Type
House
Land Size
653m2

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About Templestowe Lower 3107

The size of Templestowe Lower is approximately 5.9 square kilometres. It has 20 parks covering nearly 11.5% of total area. The population of Templestowe Lower in 2011 was 13,152 people. By 2016 the population was 13,448 showing a population growth of 2.3% in the area during that time. The predominant age group in Templestowe Lower is 40-49 years. Households in Templestowe Lower are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Templestowe Lower work in a professional occupation. In 2011, 82.8% of the homes in Templestowe Lower were owner-occupied compared with 80% in 2016.

Templestowe Lower has 6,456 properties. Over the last 5 years, Houses in Templestowe Lower have seen a 19.04% increase in median value, while Units have seen a 31.41% increase. As at 31 July 2024:

  • The median value for Houses in Templestowe Lower is $1,331,060 while the median value for Units is $979,572.
  • Houses have a median rent of $700 while Units have a median rent of $670.
There are currently 31 properties listed for sale, and 11 properties listed for rent in Templestowe lower on OnTheHouse. According to CoreLogic's data, 299 properties were sold in the past 12 months in Templestowe lower.

Suburb Insights for Templestowe Lower 3107

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Diana Dai
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Barry Plant - Doncaster East
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.