2/28 Thomson Street, Tatura VIC 3616
2/28 Thomson Street, Tatura VIC 3616
Compact two-bed unit | central Tatura position | small 172m² allotment | low-maintenance appeal | strong owner-occupier demand
This unit offers something genuinely uncommon in Tatura’s market—a compact, lock-and-leave footprint in a walkable central pocket. Most local stock leans toward older detached houses on generous blocks, so this property serves a different buyer entirely: downsizers wanting to stay central, first-timers seeking an affordable entry, or professionals prioritising convenience over yard upkeep. Its proximity to the main street, primary school, and golf course strengthens everyday practicality. The configuration is simple and functional, and the two-car parking is a practical bonus for a unit of this size, making it a sensible, low-stress purchase for someone who values location and ease.
The small land size may limit appeal for buyers expecting outdoor space, and the lack of a recent renovation or standout feature could temper urgency. Pricing will likely hinge on how the interior presents and whether the unit feels light and liveable. Given the surrounding market leans toward larger homes, buyer pool depth may be thinner, though central convenience and low maintenance could offset that. Condition and presentation will matter most when forming a view on value.
|| Comparable Sales: 18 Thompson Street sold at $370,000; 8 Erica Avenue last sold at $225,000 | Property Price Band: $340,000–$380,000 | Value Drivers: interior condition, central location, parking provision
Detailed Independent Property Report prepared by PropCred Analyst team for 2/28 Thomson Street, Tatura VIC 3616
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Tatura, a regional Victorian centre, is drawing investor and family demand, underpinned by house yields of 5.08–5.7% and annual price growth of 22.97–23.0%, lifting medians to $518,000–$535,000. With 63–82 house sales annually and a mature demographic, buyers target affordable 3–4 bedroom family homes. Houses trade in 58–89 days, signalling moderate rate sensitivity. Rental demand remains firm at $520–$525 weekly for houses, while units yield 6.09% despite price declines of -8% to -11%. Future growth hinges on infrastructure connections, though specific transport data is sparse. Key risks include regional affordability relative to a $637,000 median, limited supply of 16 unit sales, and slower unit performance.
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PropCred Estimated Value
Comparable Sales: 18 Thompson Street sold at $370,000; 8 Erica Avenue last sold at $225,000 | Property Price Band: $340,000–$380,000 | Value Drivers: interior condition, central location, parking provision
Bedrooms
2
Bathroom
1
Parking
1
Land
172m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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