Exceptional Investment Opportunity

Unlock the potential of this prime property at 213 Spring St, Reservoir. This charming 3-bedroom, 1-bathroom home is not only a comfortable residence but also an outstanding investment opportunity, with approved permits for two large 4-bedroom townhouses.

• Charming Existing Home: The current residence offers three spacious bedrooms, a well-appointed bathroom, and a welcoming living area. It's perfect for tenants or as a cozy family home.
• Approved Permits: This property comes with approved permits for two expansive 4-bedroom townhouses. Save time and start building your investment portfolio with ready-to-go development plans.
• Versatile Townhouse Design: Both townhouses feature a convenient downstairs bedroom, broadening your buyer pool to include downsizers, multi-generational families, and those seeking flexible living arrangements. This design maximizes resale value by catering to a wider market.
• Prime Location: Located in the heart of Reservoir, this property is within easy reach of local schools, parks, shopping centres, and public transport. Enjoy the convenience and lifestyle benefits of this sought-after neighborhood.
• Development Potential: The approved townhouses promise substantial future returns. Capitalize on the growing demand for quality housing in Reservoir by developing these spacious, modern residences.
• Investment Appeal: The combination of immediate rental income and long-term development potential makes this an ideal investment for astute buyers looking to secure their financial future.

Additional Features:
• Current Home: Offers a cozy living environment with ample natural light and comfortable living spaces.
• Location Benefits: Close to essential amenities, Reservoir and Regent Station, Schools, Edwardes Lake, Preston Market - providing convenience and enhancing the property's appeal.

Don't miss this exceptional opportunity to own a versatile property with significant upside potential at 213 Spring St, Reservoir. Whether you're an investor or looking for a family home with future development prospects, this property ticks all the boxes.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

School catchments

St Gabriel's School Primary Prep-6 Catholic 0.35km
SEDA College (Victoria) - J.E Moore Park Campus Secondary Independent 0.86km
Reservoir Primary School Primary Prep-6 Government 1.1km
Reservoir West Primary School Primary Prep-6 Government 1.1km
Preston Primary School Primary Prep-6 Government 1.3km
Reservoir East Primary School Primary Prep-6 Government 1.6km
St Monica's College - St Stephen’s/Gaudete Campus Secondary Catholic 1.7km
Holy Name School Primary Prep-6 Catholic 1.7km
St Stephen's School Primary Catholic 1.7km
St Raphael's School Primary Prep-6 Catholic 1.8km
Newlands Primary School Primary Prep-6 Government 1.9km
Preston West Primary School Primary Prep-6 Government 2.0km
SEDA College (Victoria) - AFL- Preston Secondary Independent 2.2km
St Joseph the Worker School Primary Prep-6 Catholic 2.3km
Preston High School Secondary 7-12 Government 2.3km
Reservoir High School-Heidelberg Secondary Teaching Unit Secondary Government 2.3km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 2.3km
Maharishi School of the Age of Enlightenment Primary Prep-6 Independent 2.3km
Reservoir High School Secondary 7-12 Government 2.3km
Reservoir Views Primary School Primary Prep-6 Government 2.4km
Parade College - Preston Campus Secondary Catholic 2.6km
Fawkner Primary School Primary Prep-6 Government 2.7km
William Ruthven Secondary College Secondary 7-12 Government 2.8km
St John's College Preston Combined Prep-12 Independent 2.9km
Northern College of the Arts and Technology Secondary 10-12 Government 2.9km
East Preston Islamic College Combined Prep-12 Independent 3.1km
Bindjiroo Yaluk Community School-The Island Campus Secondary Government 3.3km
Darul Ulum College of Victoria Combined Prep-12 Independent 3.3km
Sydney Road Community School-Coburg Teaching Unit Secondary Government 3.3km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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