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87 Cedar Street

Thomastown VIC 3074

4
2
2
416 m²
Other
Currently for sale - view listing

Overview

Off-Market Investment Opportunity - Proven Rooming House Income

A rare opportunity to secure a high-yield investment in a prime Thomastown location. Currently operating as a registered rooming house, this well-maintained property provides an established income stream while offering future flexibility for investors and owner-occupiers alike. The property is configured with multiple rooms, common living areas, kitchen facilities and shared bathrooms, designed to maximise rental return and tenant comfort. With strong occupancy and multiple income streams, it presents an excellent set-and-forget investment with attractive returns. Current rental figures show a gross income of approximately $50,000+ per annum across four rooms, delivering a solid return for investors seeking immediate cash flow. Positioned directly opposite a school and within easy reach of local shops, transport and amenities, the location ensures consistent demand from tenants. For those looking longer term, the property also provides the flexibility to convert back to a traditional residential home (STCA), creating additional upside for future owner-occupiers or renovators. Key Highlights • Established rooming house investment • Approx. $50,000+ annual gross income • Strong tenant demand and proven occupancy • Generous allotment of approx. 416m² • Multiple bedrooms with shared kitchen and bathroom facilities • Excellent Thomastown location - school directly across the road • Potential to convert back to a residential dwelling This is an outstanding opportunity for investors seeking strong rental returns with future flexibility.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 open car spaces
416 m² lot size
Other

Happy sellers in Thomastown

91%
91% of sellers in Thomastown reported that their sale price either exceeded or met their price expectations.

Thomastown stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 73 reviews in Thomastown over the last 12 months.

Local market activity for 4 bedroom other properties in Thomastown

In the last 12 months, 18 four-bedroom other properties similar to 87 Cedar Street, have been sold.

This represents a 750% decrease in four-bedroom other properties sales when compared to the previous 12 months.

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