15/15 Tate StreetThomson VIC 3219
Property Details for 15/15-A Tate St, Thomson
15/15-A Tate St, Thomson is a 2 bedroom, 2 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom House sold in Thomson in the last 12 months.
Last Listing description (November 2024)
Presenting an outstanding opportunity in the increasingly popular suburb of Thomson, this property on a generous 668m (approx.) north-facing allotment offers dual income streams with plenty of potential. Comprising two separate 1-bedroom units on one title, the back unit (15A) is tenanted at $300 per week, while the front unit is currently vacant, previously rented at $310 per week. This makes the property an ideal investment with immediate returns and renovation potential.
Whether you're an investor looking to capitalize on rental income or a renovator with a vision, this property offers immense flexibility. Renovate the front unit while continuing to receive rent from the back unit, or explore the potential for a larger project-conditional Planning Permits have been approved for a three-unit development, allowing for the construction of 2 x 3-bedroom, 2-bathroom, 2-car units, and 1 x 3-bedroom, 2-bathroom, 1-car unit. The plans are available on request and are configured to optimize the site's potential.
Location Highlights:
Close to medical precinct, Geelong Showgrounds, Farmer's Market, and Bellarine Rail Trail
Walking distance to Tate Street Primary School, Newcomb Secondary College, and local reserves
Less than 5 minutes (approx.) from Bellarine Village and Newcomb Central Shopping centres
Excellent access to the Bellarine Peninsula's beaches, wineries, and attractions
Take advantage of this prime city-fringe location that's ideal for investors, developers, or those looking to build their dream home. With Thomson's growing popularity, now is the time to secure this unique property and enjoy future rewards.
For more information or to request the conditional plans, contact us today!
Property History for 15/15-A Tate St, Thomson, VIC 3219
- 04 Nov 2024Sold
- 11 Sep 2024Listed for Sale $479,000 - $519,000
- 05 May 2023Listed for Sale $499,000 -$545,000
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0About Thomson 3219
The size of Thomson is approximately 1 square kilometres. It has 3 parks covering nearly 15.9% of total area. The population of Thomson in 2011 was 1,533 people. By 2016 the population was 1,609 showing a population growth of 5.0% in the area during that time. The predominant age group in Thomson is 20-29 years. Households in Thomson are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Thomson work in a professional occupation. In 2011, 49.6% of the homes in Thomson were owner-occupied compared with 45.3% in 2016.
Thomson has 1,054 properties. Over the last 5 years, Houses in Thomson have seen a 25.87% increase in median value, while Units have seen a 11.52% increase. As at 31 October 2024:
- The median value for Houses in Thomson is $662,997 while the median value for Units is $462,810.
- Houses have a median rent of $425 while Units have a median rent of $405.
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