169 Victoria Drive, Thomastown VIC 3074

Boarding house configuration | 535m² block near transport | Strong rental demand | Flexible use for investor or family | Neighbour sales support value range The property’s primary buying case rests on its dual-income potential as a six-bedroom boarding house, a configuration rare for a standard residential lot in Thomastown. This layout effectively multiplies rental yield above typical family homes, making it suitable for an investor prioritising cash flow or a buyer willing to occupy part while leasing the remaining rooms. The 535m² block, practical zoning, and proximity to schools and transport reinforce tenant demand, and neighbour sales provide a credible value benchmark. The main risk is the current boarding house setup may require council approval to revert to a single-family home, costing time and permit fees. The single bathroom and one toilet are a constraint for six occupants, limiting long-term family appeal unless reconfiguring. However, the opportunity is to hold as a high-yield rental while the suburb’s steady market supports capital growth. Use this property as an income-generating hold with optional future conversion to family use.