166 The Boulevard, Thomastown is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 962m2. While the property is not currently for sale or for rent, it was last sold in March 2016.
Here is a rare opportunity that presents unlimited options on a 962sqm approx block that has rear access along with a 50sq double brick double story home that is built to last the ages.
This is only the second time this property has been presented on the market.
For the most interesting part, the property comes with the plans and permit of 3 large size SDA homes, equivalent to 3 bedrooms, 2 bathrooms, designed by award winning architect Archsign.
The costs, lengthy, extensive work on the plans and permit have been done for you and presents a return opportunity like no other in the market. Once completed, the 3 homes provide a chance to derive greater than a $300k annual income front rent. That's a buy and build that presents an opportunity to return 10% and more on your investment. Could it be the retirement income opportunity that is positively geared.
Otherwise the house itself has 4 bedrooms, 2 bathrooms, separate dining, lounge room, a rumpus room downstairs that starts from the front of the home to the rear. An L shaped front balcony that's as large as any balcony you have seen. Not to mention the significant garage that would cater 3 cars at least. Then to the backyard that doesn't seem to end. At the rear of the property, there is a lane that is approx 8 meters wide..perfect to part the truck/boat and caravan all in the backyard.
POTENTIAL RETURN:
Dwelling One (Improved Livability): $91,992
Dwelling Two (High Physical Support): $104,419
Dwelling Three (High Physical Support): $104,419
TOTAL POTENTIAL RETURN: $300,830
For more information on how you can maximise your investment dollars enquire today!
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Material Facts - please refer to the contract of sale and vendor statement for any/all material facts.
Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.
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 11,737 properties. Over the last 5 years, Houses in Thomastown have seen a 24.52% increase in median value, while Units have seen a 19.98% increase. As at 31 August 2024:
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