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133&135 Spring Street
Thomastown VIC 3074

Bedrooms: 6
Bathrooms: 2
Car spaces: -
Floor area: 122m2
Land area: 539m2
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Extraordinary Investment & Development Opportunity on Thomastown's Main Street

This is it - the rare, high-return investment opportunity you've been waiting for! 133 and 135 Spring Street offer a commanding position on Thomastown's sought-after Main Street, boasting two fully renovated properties on a massive 1,083 sqm block with dual street access. This exceptional property package provides an unmissable chance for substantial rental income and a unique scope for development, ideal for the investor or developer ready to secure a high-growth asset.
Why This Opportunity Stands Out
• Prime Main Street Exposure: Positioned on Thomastown's high-demand Main Street, these properties are surrounded by bustling amenities,
transport, and shopping, giving you immediate access to a robust, tenant-rich market.
• Dual Income Potential, Fully Renovated: Both properties are beautifully updated to maximize rental yield with low maintenance. The dual income
potential provides a powerful revenue stream from day one.
• Endless Development Possibilities: With a generous 1,083 sqm of land and highly desirable dual access, this property is primed for future development-from a multi-unit complex to a subdivided residential masterpiece, the options are endless.
• High Tenant Demand & Rapid Growth: Thomastown's market is booming, with tenants actively seeking homes in this thriving locale, ensuring these properties offer immediate and sustained rental returns.
The Smart Investor's Choice
This is more than a property-it's a lucrative investment positioned for high growth and offering multiple income streams. With recent renovations enhancing tenant appeal, and enormous development potential in one of Thomastown's hottest areas, these properties are ready to generate income and build value from day one.
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Property Details for 133&135 Spring St, Thomastown

133&135 Spring St, Thomastown is a 6 bedroom, 2 bathroom House. The property has a land size of 539m2 and floor size of 122m2. The place is currently for sale with Raine & Horne Glenroy.

Building Type
House
Floor Size
122m2
Land Size
539m2

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About Thomastown 3074

The size of Thomastown is approximately 14.7 square kilometres. It has 23 parks covering nearly 4% of total area. The population of Thomastown in 2011 was 20,330 people. By 2016 the population was 20,482 showing a population growth of 0.7% in the area during that time. The predominant age group in Thomastown is 20-29 years. Households in Thomastown are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Thomastown work in a labourer occupation. In 2011, 72.6% of the homes in Thomastown were owner-occupied compared with 68.5% in 2016.

Thomastown has 11,683 properties. Over the last 5 years, Houses in Thomastown have seen a 22.17% increase in median value, while Units have seen a 18.10% increase. As at 30 September 2024:

  • The median value for Houses in Thomastown is $712,152 while the median value for Units is $484,137.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 58 properties listed for sale, and 31 properties listed for rent in Thomastown on OnTheHouse. According to CoreLogic's data, 369 properties were sold in the past 12 months in Thomastown.

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Cheryl Freshwater
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Dev Sareen
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Raine & Horne Glenroy
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