Lot 242 Honniball Drive, Thomastown VIC
Melbourne, VIC, 3074$ 1,181,500
- Dual Occupancy
- Property Type
- 4+2
- Bedrooms
- 2+1
- Bathrooms
- 2
- Cars
- 238
Details
Updated on May 25, 2026
| Property Type: | Dual Occupancy |
|---|---|
| Price: | $ 1,181,500 |
| Land Price: | $ 698,000 |
| Build Price: | $ 483,500 |
| Gross Per Week: | $ 1130* |
| Gross Per Annum: | $ 58,760 |
| Gross Yield: | 4.97% |
| Capital Growth 12 Months: | 8.70% |
| Capital Growth 10 Year Annualised: | 6.11% |
| Vacancy Rate: | 0.93% |
| Property Size: | 238 m2 |
| Land Area: | 420 m2 |
|---|---|
| Bedrooms: | 4+2 |
| Bathrooms: | 2+1 |
| Parking: | 2 |
| Title Status: | September 2026 |
| Property ID: | 25063 |
| SKU: | 1029 |
| Sold: |
Forecasted value over 20 Years
Forecasted value is based on the 10 Year annualised growth.
Description
This Dual Occupancy in Thomastown offers a well-balanced combination of modern living and investment potential. Featuring 4+2 bedrooms, 2+1 bathrooms and 2 car space/s, it has been designed with both comfort and functionality in mind. Its practical layout and quality finishes make it appealing to tenants and homeowners alike. Located in a growing area, it provides strong prospects for both rental demand and long-term capital growth. A property that delivers both lifestyle and value.
Suburb profile:
Thomastown is an established suburb offering strong transport links, local schools and excellent shopping options. The train station and major roads make commuting simple. Residents enjoy community centres, parks and recreation facilities. Its mature infrastructure supports dependable rental demand. Investors value Thomastown for its central northern location and stable market.
Inclusions:
- 100% full turnkey dual occupancy package including landscaping, fencing, and driveway
- Two fully self-contained dwellings designed for dual living or dual income potential
- High ceiling height throughout (as per builder standard)
- Energy-efficient design in line with current building standards
- Award-winning builder with extensive industry experience
Site Inclusions-Site Works, Foundations & Connections:
- Fixed price site costs including standard site works
- Engineered slab and structural framing
- All required permits, survey, and drafting plans included
- All service connections (excluding consumer account opening and fibre connections if applicable)
- Termite treatment for long-term protection
Preliminary Inclusions:
- Developer-approved façade and siting
- Design compliant with Australian building regulations
- Independent quality inspections throughout construction
Internal Inclusions:
- Combination of timber laminate flooring, carpet, and tiles (as per plan)
- Tiles to wet areas including bathrooms, ensuite, WC, and laundry
- Plasterboard walls, ceilings, and cornice throughout
- Quality skirting and architraves with painted finish
- Internal doors with modern lever handles
- Built-in robes with shelving and hanging rails
- Window furnishings included (as per builder standard)
- Separate living, kitchen, and sleeping zones for each dwelling
External Inclusions:
- Roof tiles and external finishes as per builder colour scheme
- Colorbond fascia, gutters, and downpipes
- Brick veneer or equivalent external construction
- Feature front entry door with secure locking system
- External finishing elements including painted infills and porch ceiling (as applicable)
- Letterbox and property numbering
Landscaping Inclusions:
- Front and rear landscaping including turf, garden beds, and mulch
- Fencing to all boundaries including internal separation fencing where required
- Concrete driveway and perimeter paths
- External areas designed for functional separation between dwellings
Electrical Inclusions:
- LED lighting throughout
- Power points, TV, and data provisions (as per plan)
- Smoke detectors and safety switches in compliance with regulations
- External lighting (as per builder standard)
Appliance Inclusions:
- Quality stainless steel kitchen appliances (size and specification as per plan)
- Cooktop, oven, and rangehood
- Dishwasher (main dwelling or as specified)
- Sink with mixer tap to each kitchen
Upgraded Inclusions:
- Stone benchtops to kitchen areas
- Laminate cabinetry with overhead cupboards
- Tiled splashback to kitchen
- Modern bathroom fittings and fixtures
- Garage with remote access (as per design)
Furniture Pack Inclusions:
- Optional furniture package available at additional cost
Energy Efficiency:
- Energy-efficient construction in line with current requirements
- Insulated walls and ceilings
- Water-efficient fixtures and fittings
- Hot water system (type as per builder specification)
Warranties:
- Builder’s structural warranty
- Manufacturer warranties on appliances and fittings
- Maintenance period as per builder agreement
With its strong rental appeal and long-term growth prospects, this Dual Occupancy in Thomastown is positioned for success. It offers both stability and opportunity, making it an excellent addition to any property portfolio. A reliable investment in a growing market.
Investors looking to optimise land use and amplify their investment portfolio will find great value in Dual Occupancy Properties.
These properties cleverly accommodate two independent dwellings on a single parcel of land, effectively doubling the potential for rental income.
The design caters to a broad market, including extended families and tenants seeking spacious living options, thereby increasing the property's rental appeal.
The strategic configuration of these properties allows investors to capitalise on the growing demand for versatile housing solutions in both urban and suburban settings.
Floor plans
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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