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2 Thomas Place, Wallan$705,000
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2 Thomas Place

Wallan, VIC 3756, Australia
$705,000
5 bed 2 bath 2 car748 m²

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Listing description

About this property

PROPERTY IS CURRENTLY TENANTED ON A FIXED TERM LEASE UNTIL THE 20TH OF DECEMBER 2026. Designed with growing families in mind, this expansive five-bedroom home delivers the space, flexibility and location you've been searching for. Boasting five generous bedrooms and two well-appointed bathrooms, the home offers a practical layout that comfortably accommodates large or multi-generational families. The master suite provides a private retreat, while the remaining bedrooms are serviced by a central bathroom and are positioned to ensure both privacy and functionality. Multiple living zones create incredible versatility, including a separate lounge room perfect for quiet relaxation, an open-plan family area for everyday living, and a spacious rumpus room ideal for kids, entertaining or a home theatre setup. With an abundance of storage throughout, you'll enjoy the convenience of a home that keeps everything neatly organised. Evaporative cooling ensures comfort during the warmer months, while the thoughtful floorplan provides space for everyone to spread out and unwind. A double car garage offers secure parking and additional storage options. Location is key, and this property excels with close proximity to Wallan Primary School and Wallan Secondary College, making school runs effortless. You're also just moments from local shops, cafés, restaurants and supermarkets, with easy access to public transport for added convenience. Commuters will appreciate being only approximately 50 minutes from Melbourne CBD, offering the perfect balance between peaceful suburban living and city accessibility. This is a home that truly caters to modern family life, spacious, well-located and ready to enjoy.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
5
Bathrooms
2
Parking
2
Land Area
748 m²
Listed
2 months ago

Repayment calculator

$3,418/month
$1,709 /fortnight
Loan $564,000 at 6.10% over 30 years

Upfront costs

Deposit$141,000
Stamp duty$37,370
Conveyancing (est.)$2,000
Total upfront$180,370
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Wallan

This 5-bedroom house in Wallan, VIC 3756 sits within reach of public transport, and nearby schools. It is listed 18% above the $600,000 median of 75 comparable houseswithin 5 km.

Schools near Wallan

  • Muyan Primary Schoolprimary
  • Our Lady of the Way Catholic Primary Schoolprimary · Prep-6 · CoEd
  • Wallan Primary Schoolprimary · Prep-6 · CoEd
  • Wallan Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Wallan PS/Dudley St (bus)160 m away
  • Unnamed383 m away
  • Unnamed457 m away
  • Unnamed654 m away

Wallan at a glance

Full suburb profile
Population
15,004
Median age
33
Household income
$1,914/wk
Median rent
$360/wk
Median mortgage
$1,733/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

Wallan is experiencing moderate residential growth driven by population expansion in Melbourne's growth corridors, with several large residential subdivisions under construction or approved on the southern and eastern fringes. Council-led town centre revitalisation and supporting infrastructure (schools, local roads) reflect the area's transition from rural service centre to suburban community. Development activity is typical of outer-growth-area suburbs with incremental DA pipelines rather than major mixed-use or infill transformation.

Nearby projects

6

Closest

0 km

Wallan Town Centre Revitalisation

1.3km2.5km3.8km5kmWallan Town Centre Revitalisation — 0.0 kmWallan Primary School Expansion — 1.0 kmWallan South Residential Estate — 2.0 kmMitchell Creek Precinct Development — 3.0 kmWallan Commercial/Industrial DA — 4.0 kmHume Freeway Corridor Improvements — 5.0 km

Distance from this property is exact (rings = km). Direction is illustrative.

Wallan Town Centre Revitalisation

0 km
Mixed-useProposed

Council-led precinct improvement project focusing on Main Street upgrades, pedestrian amenities, and mixed-use infill development.

2025-2026

0 m

Wallan Primary School Expansion

1 km
InfrastructureUnder construction

Education department funded expansion to accommodate growth in school-age population across the broader region.

1.0 km

Wallan South Residential Estate

2 km
Residential subdivisionUnder construction

Large-scale residential subdivision delivering 200+ allotments with associated local roads and drainage infrastructure.

2025

2.0 km

Mitchell Creek Precinct Development

3 km
Residential subdivisionApproved

Mixed-density residential precinct on the eastern fringe targeting 150+ dwellings with open space and community facilities.

3.0 km

Wallan Commercial/Industrial DA

4 km
Mixed-useApproved

Small-scale industrial/commercial development approvals responding to regional logistics and service sector demand.

4.0 km

Hume Freeway Corridor Improvements

5 km
InfrastructureProposed

VicRoads regional planning for improved access and safety along the Hume Freeway affecting northern growth corridors.

5.0 km
Source: StMate AI — VIC development trends06/06/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Wallan price trend

Median sold · House 5+ bed

Compound growth +0.7% / yr over 4 yrs

$1.01mcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Wallan market

This listing

Price history

Price history

Listing price changes & sale

2 price changes recorded for this property

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