Off-Market Investment Opportunity - Proven Rooming House Income

For Sale

87 Cedar Street, Thomastown, VIC, 3074

Off-Market Investment Opportunity - Proven Rooming House Income

Other

Type

Bedrooms

Bathrooms

Parkings

Last updated on Saturday, March 14, 2026 ( See property details for 87 Cedar Street, Thomastown, VIC, 3074)

$690,000 - $759,000

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AI Property Insight

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

A versatile Thomastown property offering a high-yield investment with future residential potential on a generous allotment.

🏡 Property Highlights

Established rooming house investment with proven occupancy
Approximate $50,000+ annual gross income
Strong tenant demand in a prime Thomastown location
Generous allotment of approximately 416m²
Potential to convert back to a traditional residential home (STCA)
Positioned directly opposite a school with easy access to local amenities

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area
Waterfront / Views
Secure Parking
Home Office / Study
Ceiling Fans
Heating
Extra Storage (Shed/Linen)
NBN / High-Speed Ready

Suburb and Property Insights of Thomastown, VIC 3074

Thomastown is a vibrant suburb known for its strong community feel and excellent amenities. Key points include: close proximity to schools and transport, diverse housing options, established local shopping precincts, abundant parks and recreational spaces, and a high demand for rental properties ensuring steady occupancy and investment growth.

Frequently Asked Questions

What is the current condition of the property and are there any recent renovations?

The property is well-maintained, with ongoing upkeep ensuring it remains in excellent condition for tenants and future owners.

Can the property be easily converted back to a traditional residence?

Yes, the property offers the potential to convert back to a standard residential home (STCA), providing flexibility for future use.

What are the zoning and planning regulations applicable to this property?

The property is currently operating as a registered rooming house, with potential for future residential conversion subject to council approval and STCA.

Are there any ongoing strata or body corporate fees?

As a standalone property, there are no strata or body corporate fees associated with this listing.

What are the nearby amenities and transport options?

The property is conveniently located opposite a school, with easy access to local shops, public transport, and other amenities.

What to ask about this property to agent?

Are there any zoning restrictions or planning permits required for converting the property back to a residential dwelling? What are the current and projected maintenance costs for the property? Are there any existing easements, covenants, or planning overlays affecting the property? Has the property been inspected for any structural or pest issues? Are there any upcoming developments or construction projects in the vicinity that could impact the property’s value or occupancy?

87 Cedar Street, Thomastown, VIC, 3074 - More Details

Off-Market Investment Opportunity - Proven Rooming House Income

Type: Other
Bedrooms: 4
Bathrooms: 2
Parkings: 2

87 Cedar Street, Thomastown, VIC, 3074 - Point Of Interest

Locate Near By Places of 87 Cedar Street, Thomastown, VIC, 3074 On Map

Your Commute at a Glance: 87 Cedar Street, Thomastown, VIC, 3074

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87 Cedar Street, Thomastown, VIC, 3074

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