Thomastown at a glance
20,727
People
$837,500
Median sale
$489/wk
Median rent
3.04%
Suburb gross yield
Median sale from 6 recorded sales (last 24 months) — a Districts calculation.
VIC › Thomastown › Sherwood Dr
$615,000
Last sold
28 Mar 2020
3
Bedrooms
1
Bathrooms
2
Car spaces
538 m²
Land
Districts View
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$615,000
28 Mar 2020 · derived via latest_sale
Local land rate: recorded House sales in Thomastown (last 5 years) with land size have a median of $1,197/m² of land (n=37). Districts calculation from recorded sales — not a valuation.
Thomastown at a glance
20,727
People
$837,500
Median sale
$489/wk
Median rent
3.04%
Suburb gross yield
Median sale from 6 recorded sales (last 24 months) — a Districts calculation.
Vs Thomastown
-26.6%
Median sale
Suburb $837,500
+1.09 pp
Gross yield
Suburb 3.04%
Suburb median $837,500 from 6 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE - SCHEDULE 5
GRZ5
Jurisdiction
Whittlesea
Whittlesea, VIC
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 5 · GRZ5 (ZN). Official parcel area about 539 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. The listing may look cheap relative to land or the street. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 3. This overlay can reduce what the land size appears to promise. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $489/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 5 · GRZ5 (ZN). Official parcel area about 539 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownlowThe listing may look cheap relative to land or the street. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 3. This overlay can reduce what the land size appears to promise.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Thomastown at a glance
20,727
People
$837,500
Median sale
$489/wk
Median rent
3.04%
Suburb gross yield
Median sale from 6 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Harcourts Rata & CoPlease contact us to arrange a private inspection or to register to bid at auction.
Within 20km of Melbourne CBD, in the heart of the northern suburbs, this Thomastown West property represents an extremely affordable opportunity for first home buyers, investors and smart purchasers. Offering easy access to all amenities including the Ring Road network, High Street and Sydney Road, trains and buses, local and major shopping centres including Pacific Epping and University Hill, plus all levels of schooling including Thomastown Meadows Primary School, RMIT and Preston Polytechnic.
Tastefully redecorated to maintain the 70's character and charm, this elevated, three-bedroom brick veneer home with double lock up garage is set on a substantial block with established neat and tidy front and rear gardens. Solid construction, hardwood frame, terracotta tiled roof, double roof insulation, polished Tasmanian Oak floorboards, recently replaced hot water service, gas ducted heating and 6kW reverse cycle air conditioner, roof completely re-pointed and under house storage combine to make an incredible package that is ready to move right in or rent right out.
Offering three good sized bedrooms (two with built in robes), a generous sized formal lounge separated by sliding doors, and separate meals area leading to open and very spacious kitchen. Throughout the home, the neutral tones, high ceilings and large of windows embrace the natural light from all directions.
Double full length lock up garage with an additional kitchen sink and natural gas connection for summer cooking, all behind security fencing and gate ensures secure parking. All set on a quiet, tree lined street, in a family friendly location. Currently leased, returning $385 per week, this home is available with vacant possession, or with the possibility of a month to month lease in place.
Corona Virus inspection policy will be in place to enact social distancing.
PHOTO ID REQUIRED
767 High Street Epping
219 High Street Thomastown
510 Plenty Road Mill Park
952-954 High Street Reservoir
Due diligence checklist - for home and residential property buyers - http://www.consumer.vic.gov.au/duediligencechecklist.
This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries
Listing description written by Justin Sciola, Harcourts Rata & Co — reproduced as published, not verified by Districts.