1/54 Clarendon Street, Thornbury VIC 3071

Top-floor city views | Rare 3-bed townhouse in Thornbury Village | No overlays | Strong rental yield | Zoned for sought-after schools This townhouse occupies a distinctive position in the Thornbury market, being one of the few three-bedroom, two-bathroom configurations within a small block of eight. The top-floor master retreat with private balcony and uninterrupted city skyline views is a feature rarely replicated in comparable properties, giving it a clear competitive edge for buyers seeking a premium owner-occupier residence. The absence of bushfire, flood, or heritage overlays simplifies due diligence and reduces holding risk, while the zoning for Wales Street Primary School and Thornbury High School strengthens its appeal to families. The property serves best those who prioritise lifestyle amenity and long-term capital growth over immediate bargain pricing. The primary risk is the list price range sitting below the estimated value, which may indicate vendor urgency or a strategy to generate competitive tension before the expressions of interest deadline. This creates a potential opportunity for a buyer who can act decisively and present a clean offer early, though it also carries the risk of being outbid if demand is underestimated. The rental midpoint of $885 per week supports strong yield potential for investors, but the lack of recent comparable sales in the block means valuation relies on broader market data and the single off-market estimate for unit 5/54. A professional building inspection is recommended to confirm the quality of finishes and structural condition, particularly given the multi-level design.