248 Honniball Dr. THOMASTOWN, VIC 3074

Thomastown, Whittlesea, VIC, 3074

$ 1,227,533

Thomastown, Whittlesea, VIC, 3074
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Property Images

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Overview

Property ID: LA-25585

  • Co living
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Cars
  • 177

Details

Updated on May 26, 2026 at 11:52 pm

Property Type: Co living
Secondary Type: SMSF
Price: $ 1,227,533
Land Price: N/A
Build Price: N/A
Gross Per Week: $ 800
Gross Per Annum: $ 41,600
Gross Yield: 3.39%
Capital Growth 12 Months: 8.70%
Capital Growth 10 Year Annualised: 6.11%
Vacancy Rate: 0.93%
Property Size: 177 m2
Land Area: 363 m2
Bedrooms: 5
Bathrooms: 5
Parking: 2
Title Status: June 2026
Property ID: BP-6077408
SKU: 1045

Description

Situated in the thriving suburb of Thomastown, this Co Living presents an excellent opportunity for modern living and investment. With 5 bedrooms, 5 bathrooms and 2 car space/s, it is thoughtfully designed to suit today's lifestyle needs. Its efficient use of space ensures comfort while maintaining low maintenance requirements. Ideal for investors, it offers a strong balance of rental appeal and future growth potential. A smart choice in a high-demand location.

Thomastown is an established suburb in Melbourne's north, known for its excellent transport access and proximity to employment hubs. The suburb is serviced by Thomastown Train Station, major arterial roads, schools, shopping centres, and medical facilities. Limited new land supply supports strong tenant demand and stable rental conditions. Investors value Thomastown for its central location, infrastructure maturity, and consistent rental performance.

Combining modern design, location and investment potential, this Co Living in Thomastown offers a well-rounded opportunity. It delivers both immediate appeal and long-term value, making it suitable for a wide range of buyers. A property that stands strong in today's market.

A co-living property is a type of shared accommodation that offers private bedrooms with ensuite bathrooms and communal spaces such as kitchens, living rooms, dining areas, laundry facilities and outdoor areas.

Co-living properties are designed to foster a sense of community, convenience and comfort among the residents, who can enjoy the benefits of having their own space as well as socialising with like-minded people.

A co-living property attracts tenants who are looking for an affordable, flexible and hassle-free living option that suits their lifestyle and needs.

Co-living tenants are typically young professionals, students, digital nomads, entrepreneurs, creatives and seniors who value convenience, connectivity and collaboration.

A co-living property offers benefits to an investor who is looking for a high-yield, low-risk and future-proof investment opportunity.

Co-living properties have a higher occupancy rate, lower vacancy rate and lower turnover rate than traditional rental properties, as they cater to the growing demand for affordable and flexible housing solutions in urban areas.

Co-living properties also have higher capital growth potential, as they are generally located in prime locations with access to transport, education, employment and entertainment hubs.

You can read more about Co-Living here: https://ausinvestmentproperties.com.au/blogs/co-living-the-future-of-australian-housing

Floor plans

floor_plan.png
Address 248 Honniball Dr. THOMASTOWN, VIC 3074
City Whittlesea
State VIC
Postcode 3074
Suburb Thomastown
Estate MARRAN RUN ESTATE

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

SMSF Single Contract

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