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1-7/17 Martin Street, Thornbury, Vic 3071 For Sale
1-7/17 Martin Street, Thornbury, Vic 3071 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image 1-7/17 Martin Street, Thornbury, Vic 3071-Image

1-7/17 Martin Street, Thornbury, Vic 3071

$3,200,000 - $3,500,000

Block Of Units
Type
11
Bedrooms
7
Bathrooms
9
Parkings
758 m²
Area

Last updated on Thursday, October 08, 2026 ( See property details for 1-7/17 Martin Street, Thornbury, Vic 3071)

$3,200,000 - $3,500,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare, versatile block of seven renovated apartments on a substantial landholding in the heart of Thornbury, offering outstanding investment and development opportunities.

🏡 Property Highlights

  • Prime Thornbury location just 200m from High Street amenities
  • Substantial landholding of approximately 758 sqm with development potential
  • Seven renovated apartments with modern kitchens and bathrooms
  • High rental yield of approximately $160,000 per annum with scope for growth
  • Opportunity to subdivide and offer courtyards to ground floor units
  • Excellent investment or development prospects in a blue-chip suburb

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Secure Parking
  • Garage
  • Fully fenced
  • External Laundry
  • Balcony
  • Pet-Friendly
  • Water tank

Thornbury is a vibrant suburb renowned for its eclectic cafes, boutique shops, and lively community atmosphere. Its excellent public transport links and proximity to Melbourne CBD make it ideal for lifestyle-focused residents and investors alike. The area offers a mix of historic charm and modern amenities, with ongoing development and growth. Residents enjoy easy access to parks, schools, and diverse dining options. This location combines convenience with a strong potential for capital appreciation.

What is the current rental income and potential for future growth?
The property currently generates approximately $160,000 per annum, with scope to further improve this return through internal enhancements and subdivision options.
Are there development or subdivision approvals in place?
While there are value-add options available, including subdivision and internal enhancements, specific approvals would need to be obtained from local council.
What are the zoning and planning restrictions for this site?
The property is zoned for multi-unit residential use, with potential for subdivision and development, subject to council approval and compliance with local planning regulations.
Are there any known defects or issues with the property?
Most apartments have been tastefully renovated with updated kitchens and bathrooms; a detailed building inspection is recommended for further assessment.
What are the nearby amenities and transport options?
Located just 200m from High Street, residents have easy access to cafes, shops, restaurants, and tram services, providing excellent lifestyle convenience.
Are there any existing easements, covenants, or planning restrictions affecting the property? What are the potential costs involved in subdividing or developing the site? Are there any upcoming council or community plans that could impact the property’s value or use? Has the property been affected by any flooding, bushfire, or environmental risks? Are there any strata or body corporate fees applicable to the apartments?

1-7/17 Martin Street, Thornbury, Vic 3071 - More Details

$3,200,000 - $3,500,000

Being offered for the first time in over 50 years, this one owner block offers the ultimate blue-chip opportunity to purchase this entire holding of seven apartments sited on a substantial land holding of 758 sqm approx. and in the true heart of Thornbury, only 200m to High St, tram, shops, cafes and restaurants. With value add options available to subdivide and offer courtyards to ground floor apartments along with further internal enhancements, then sell off individually, options are aplenty.

Currently returning approximately $160,000 per annum and with scope to further improve on this return, the site offers a mix of one and two bedroom apartments showcasing solid brick construction of its era. Most apartments have been tastefully renovated with updated kitchens and bathrooms and each apartment is designed with functional and open plan living zones. The expansive block features convenient side driveway leading to an expansive parking area including a couple of undercover spaces and visitor parking bays.

Whether you’re an investor looking for high-yields diversified across multiple tenancies, or a developer seeking prime land for a project, this property offers endless opportunity. Positioned for ultimate lifestyle convenience, this rare landholding places residents just moments from iconic High Street and its vibrant array of cafes, bars, and boutiques. This unmissable opportunity boasts all the lifestyle advantages of its winning location.
Type
Block Of Units
Bedrooms
11
Bathrooms
7
Parkings
9
Area
758 m²
House Size
405 m²

Price guide

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Map & nearby places — 1-7/17 Martin Street, Thornbury, Vic 3071

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