Positioned on a prominent corner allotment along highly sought-after Thompsons Road, 230 Thompsons Road, Templestowe Lower presents an exceptional opportunity to secure a substantial 627sqm (approx.) landholding with outstanding exposure, flexible dual-living accommodation, and significant future upside (STCA/DD08 RGZ2).
Designed for versatility, the property offers a functional dual-level layout:
**Ground Floor**
* Private entry
* One bedroom
* One bathroom
* Living area
* Compact kitchen
Ideal for rental income, multi-generational living, a teenager's retreat, home office, consulting rooms, or guest accommodation.
**First Floor**
* Three generously sized bedrooms
* Two bathrooms
* Separate study/home office
* Spacious living and dining zones
* Well-appointed kitchen
* Expansive open-air patio
Completing the package is a large backyard with a substantial shed, providing the perfect setting for entertaining, recreation, or future enhancement.
Investment, Development & Business Potential
Offering exceptional flexibility, this property caters to a wide range of buyers:
* **Investors** can capitalise on dual-income potential by leasing each level independently.
* **Developers** may explore subdivision or redevelopment opportunities, with potential for up to five triple-storey townhouses (STCA).
* **Business owners and professionals** will appreciate the high-exposure corner position, ideal for a medical clinic, dental practice, consulting suites, accounting office, mortgage brokerage, or other professional services (STCA).
### Lifestyle & Location
Conveniently located just minutes from the Eastern Freeway, the property enjoys easy access to express city bus services and premier shopping destinations including Westfield Doncaster, Macedon Square, and Bulleen Plaza.
Outdoor enthusiasts will love the nearby Koonung Creek Trail, while Ted Ajani Reserve, Timber Ridge Reserve, Yarra Parklands, Templestowe Village, and the renowned Heide Museum of Modern Art offer an enviable lifestyle rich in recreation, culture, and community amenities.
Whether you're looking to move straight in, renovate, establish a dual-income investment, create a professional business premises, or unlock the site's development potential, opportunities combining this level of exposure, flexibility, and future growth are rarely offered in Templestowe Lower.
Make it yours...
